---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-059587"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2022-05-13T23:59:59+00:00"
generated_at: "2026-06-25T17:26:04.996093+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Innodata Q1 revenue up 33% YoY to $21.2M; net loss $2.8M; reaffirms 30% FY growth target

## Summary
- Revenue $21.2M (+33% YoY); net loss $2.8M ($0.10/sh) vs net income $0.4M in Q1 2021.
- Adjusted EBITDA loss $1.0M vs +$1.3M last year; cash $15.4M, no debt.
- Added 121 new logos in Q1, up 96% vs 2020 quarterly average; new banking solution launched.
- Reaffirms 2022 revenue growth target of 30% YoY; Q2 growth expected 18-24% due to customer reallocation.
- Boosts sales & marketing spend 75% YoY ($10.4M) and product dev spend 115% YoY ($7.2M); cash flow positive by YE 2022.

## SEC filing metadata
- accession: 0001104659-22-059587
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2022-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903651/000110465922059587/0001104659-22-059587-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465922059587/tm2214105d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-059587
- JSON: https://secwatch.observer/filing/0001104659-22-059587.json
- Plain text: https://secwatch.observer/filing/0001104659-22-059587.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.