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

Issuer:     INNODATA INC (INOD)
CIK:        0000903651
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001104659-22-089447
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Innodata Q2 revenue up 17% to $20M; net loss widens to $3.8M; lowers full-year growth guidance to 15-20%
--------------------------------------------------------------------------------

- Revenue $20.0M (+17% YoY), net loss $3.8M ($0.14/share) vs net loss $0.1M in Q2 2021.
- Adjusted EBITDA loss $1.3M vs positive $0.7M last year; cash $10.5M (down from $18.9M at Dec 2021).
- CEO: contract change replaced $3.7M one-time project with ~$1.8M/year recurring revenue; reduced Q2/Q3 revenue by ~$2.3M.
- Q3 2022 revenue expected ~$18M; full-year growth guidance revised to 15-20% from prior 30% target.
- Added 115 new logos in Q2 (24% increase over avg quarterly additions in 2021); signed largest SOW with Big Five tech company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903651/000110465922089447/0001104659-22-089447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903651/000110465922089447/tm2222500d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-089447

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