ACCESS Newswire Inc.

Issuer Direct Third Quarter 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Dee Brown. Ma'am, the floor is yours.

Ladies and gentlemen, thank you for standing by, and welcome to the Issuer Direct Corporation Third Quarter 2023 Earnings Conference Call. My name is Dee Brown, Director of Human Resources here at Issuer Direct. I've been with the company for almost six years, and I'm happy to meet you all today. Like David did last quarter, this is our way of ensuring our shareholders get to know all of us here excited to continue this each quarter. With that said, it is my pleasure to introduce the company's founder and chief executive officer, Brian Balberny, and its chief financial officer, Tim Katoniak. Before I turn the call over to Mr. Balberny, I'd like to read you the company's abbreviated safe harbor statement. I'd like to remind you that statements made in this 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, 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, Mr. Balbirnie?

Greetings, everyone, and thank you, Dee, for today's introduction. So happy you were able to do this for us today. Your tenure with us has produced so many improvements to our culture, our HR tools, processes, and systems. Super cool for you to be doing this today and for your hard work on the Hello, My Name Is series with David. As I said before, we will introduce new employees each quarter. I can't wait for the next quarter's call as well where we'll have our longest standing employee give his intro, Mr. James Michael. Get ready, sir. Now let's talk about the quarter. We appreciate everyone joining us today to discuss our third quarter results. Our press release, which is accessible in our newsroom, has just been released and provides the key takeaways on our performance for the quarter. We are thrilled with the third quarter results. Today's total revenue is up 43% year over year to $7.6 million, driven by AccessWire and the Newswire acquisition. Tim will discuss this in detail shortly. We've also delivered solid performance on earnings for the quarter, something we spoke about in our last call and earlier this year. Adjusted EBITDA was up 45% to $1.8 million year over year. Our subscription business also grew 8% for the quarter, and our average prices per press release in our core news business has held steadily. And I will talk about why that's important a bit later. We have continued to be bullish in our communications platform, led by AccessWire, news brands. We are gaining market share each month, customers, and further brand recognition. We recognize that we still have a lot to do here, as I've said, and even though we're in a challenging environment with budget cuts and economic uncertainty, we still have grown our core products and our news distribution, core learnings calls, and our website businesses, something we feel confident we will continue to do for years to come. As always, there's a lot to talk about. I'll turn the call over to Tim to cover the third quarter highlights.