Innodata Q2 2021 revenue $17.0M (+23% YoY); net loss narrows to $0.1M

INNODATA INC

2021-Q2 EPS reported $0.01 revenue$33,016,000

Revenue of $17.0M, up 23% YoY; net loss of $0.1M ($0.00 EPS) vs $0.5M loss a year ago.
Cash and equivalents at $22.1M, up from $17.6M at Dec 31, 2020.
CEO guides for 20%+ YoY growth in remaining 2021; expects acceleration in H2 and into 2022.
Structural costs reduced by $6M since end-2019; incremental revenue delivered 78% gross margin.
First-half 2021 revenue $33.0M (+16%); net income $0.3M vs $0.8M loss in H1 2020.

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