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ISC Reports 2021 Second Quarter Financial Results REGINA , Saskatchewan , Aug. 04 , 2021 ( GLOBE NEWSWIRE ) Information Services Corporation ( TSX : ISV ) ( “ ISC ” or the " Company " ) today reported on the Company's financial results for the second quarter ended June 30 , 2021 . 2021 Second Quarter Highlights • Revenue was $ 44.6 million , an increase of $ 13.6 million or 44.0 per cent compared to the second quarter of 2020 . • Net income was $ 6.5 million or $ 0.37 per basic share and $ 0.36 per diluted share compared to $ 4.5 million or $ 0.26 per basic and diluted share in the second quarter of 2020 . 1 • EBITDA ( earnings before interest , taxes , depreciation and amortization expense ) was $ 13.6 million compared to $ 9.2 million in the same quarter last year , an increase of $ 4.4 million . • The EBITDA margin for the second quarter of 2021 was 30.5 per cent compared to 29.5 per cent in the same quarter in 2020 . • Adjusted EBITDA was $ 18.6 million for the quarter compared to $ 10.4 million in the same quarter last year , with an adjusted EBITDA margin of 41.6 per cent for the quarter compared to 33.5 per cent in the second quarter of 2020 . • Free cash flow of $ 8.9 million compared to $ 7.8 million in Q2 2020 . Financial Position as at June 30 , 2021 • Cash of $ 49.6 million compared to $ 33.9 million as at December 31 , 2020 . • Total debt of $ 71.3 million compared to $ 76.3 million as at December 31 , 2020 . Commenting on ISC's results , Jeff Stusek , President and CEO stated , " ISC rose to the challenge last year and has now raised the bar even further with the results we posted for the first and this , the second quarter of 2021. Both our Registry Operations and Services segments achieved extremely strong results . Registry Operations has benefited from very robust economic activity in Saskatchewan while Services has delivered excellent new organic growth from our business development team along with the additional revenue from our national recovery solutions division . " Stusek continued , " While our Technology Solutions segment continues to move forward with the delivery of several implementations , despite some delays , it remains an extremely robust business and is poised to continue to thrive and grow in a post - pandemic world . " Management's Discussion of ISC's Summary of 2021 Second Quarter Financial Results ( thousands of CAD dollars ; except earnings per share and where noted ) Revenue Registry Operations Services Technology Solutions Corporate and other Consolidated revenue Consolidated expenses Consolidated EBITDA¹ Consolidated EBITDA margin¹ ( % of revenue ) Consolidated adjusted EBITDA Consolidated adjusted EBITDA margin¹ Consolidated net income Three Months Three Months Ended June 30 , 2021 Ended June 30 , 2020 $ 23,965 20,106 550 2 ISC $ 44,623 $ 34,637 $ 13,607 30.5 % $ 18,567 41.6 % $ 6,503 $ 0.37 $ 0.36 $ 8,912 $ 16,198 12,389 2,401 5 $ 30,993 $ 24,592 $ 9,153 29.5 % $ 10,383 33.5 % $ 4,505 $ 0.26 $ 0.26 $ 7,776 Earnings per share ( basic ) ¹ Earnings per share ( diluted ) ¹ Free cash flow¹ EBITDA , EBITDA margin , adjusted EBITDA and adjusted EBITDA margin and free cash flow are not recognized as measures