Proactive Investors - Run By Investors For Investors

ISC estimates revenue of up to $135M in 2019 as collateral management services grows

The Saskatchewan company plans to cut the cost of delivery through continued automation
Data illustration
The company expects to benefit from any Saskatchewan upswing

Information Services Corp (TSE:ISV) said Monday that it expects revenue of C$129 million to C$135 million in 2019.

The public data technology company said in a statement that growth will be driven by the expansion of its collateral management services. The Regina, Saskatchewan, group added that it plans to reduce the cost of delivery through automation.

READ: Information Services joins forces with air emergency service to help patients in Saskatchewan

The registry operations segment is expected to remain a strong contributor of free cash flow and a beneficiary of any future economic upswing in Saskatchewan. The company cautioned that further increases in interest rates in 2019 could put pressure on transaction volumes.

Diversification remains a key part of strategy, according to the company. 

Information Services predicts earnings before interest, taxes, depreciation and amortization of C$31 million and C$35 million. The Ebitda margin is forecast at 24% to 27%. Capital expenditures are expected to be between C$2 million and C$4 million.

Shares of the company slipped C$0.04 to C$15.81 in Friday’s Canadian trading.

Last week, the company said it is providing data and mapping services for Saskatchewan to the shock trauma air rescue service to aid in emergency response.

Contact Dennis Fitzgerald at [email protected]

View full ISV profile View Profile

ISC Timeline

March 20 2019

Related Articles

February 13 2019
WYG manages civil projects across the public and private sectors
April 24 2019
Group sales for the fiscal fourth quarter increased by 12% on a reported basis, by 14% on a constant exchange rates (CER) basis and by 8% organically (excluding acquisitions)
information graphic
April 15 2019
The information management specialist reported some of its strongest financial results since going public five years ago
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use