secwatch.observer — SEC 8-K summary
======================================

Issuer:     INNODATA INC (INOD)
CIK:        0000903651
Form:       8-K
Filed at:   2022-05-13T23:59:59+00:00
Accession:  0001104659-22-059587
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903651/000110465922059587/0001104659-22-059587-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903651/000110465922059587/tm2214105d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-059587

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer