Issuer Direct Corporation (NYSE:ISDR) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET
Company Participants
Brian Balbirnie - President & Chief Executive Officer
Steve Knerr - Vice President-Finance, Controller & Interim Chief Financial Officer
Conference Call Participants
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Issuer Direct Corporation's Third Quarter 2024 Earnings Conference Call. My name is John and I am your host of today's earnings call. I'd like to remind you that statements made in the conference call concerning future revenues, results from operations, financial position, markets, economic conditions, product releases, partnerships and any other statements that may be construed as a prediction of future performance or events are forward-looking statements, which may involve known and unknown risks and uncertainties and other factors, which may cause actual results to differ materially from those expressed or implied by such statements. Non-GAAP results will also be discussed on the call. The company believes the presentation of non-GAAP information provides useful supplementary data concerning the company's ongoing operations and is provided for informational purposes only.
With that said, it's my pleasure to introduce the company's Founder and Chief Executive Officer, Brian Balbirnie and our Chief Financial Officer, Steve Knerr. Brian?
Brian Balbirnie
Good afternoon, everyone and thank you for joining us today to discuss the company's third quarter 2024 results. Our press release, which is accessible in our newsroom, was just released premarket this morning and provides key takeaways to our performance for the quarter and nine months ended September 30th.
Despite a decrease in overall revenues for the quarter, we made significant strides in our transition towards a reoccurring revenue model focused on our new media suite products in the third quarter. This shift contributed to a rise in total subscriptions reaching 1,121 by the end