Issuer Direct Corp., which provides communications and compliance services to companies, reported a 10 percent increase in revenue in the second quarter but lower earnings as it tries to reach its customer goal by the end of the year.

The Morrisville-based company reported net income of $366,000, or 12 cents per share, down 25.8 percent from net income of $493,000, or 16 cents per share in the second quarter a year ago.

Revenue rose 10 percent to $3.8 million from $3.4 million in the same quarter a year ago. There are no analyst estimates for the company.

“Looking ahead to the second half of the year, we are focused on making the acquisition of FSCwire a success by not only seamlessly integrating its customers with our ACCESSWIRE business but also providing its customers the opportunity to utilize Issuer Direct’s other core solutions,” said Chief Executive Officer Brian Balbirnie in a statement.

Issuer Direct’s stock fell 40 cents, or 2.1 percent, to $18.50 in Thursday trading.

Last month, the company acquired Canadian newswire distribution company FSCWire for $1.2 million in a deal that expands its press release distribution capabilities and client base.

The company had 1,996 platform and technology customers at the end of the quarter, up from 1,854 at the end of the same quarter a year ago.

Its service customers totaled 567 at the end of the quarter, up from 550 at the end of the 2017 second quarter.