Innodata Q3 revenue $18.4M (+6%) but net loss widens to $3.3M; expects Q4 adj. EBITDA positive

INNODATA INC

2022-Q3 EPS reported -$0.37 revenue$59,626,000

Net loss $3.3M ($0.12/diluted) vs loss $0.8M ($0.03) a year ago; adj. EBITDA loss $1.2M.
Revenue $18.4M (+6% YoY); nine-month revenue $59.6M (+18%).
Cash $10.7M at Sep 30, down from $18.9M at Dec 31, 2021.
CEO expects Q4 sequential revenue growth and positive adj. EBITDA; targeting >$10M adj. EBITDA in 2023.
Customer layoffs disrupt work; Synodex wins $1.1M annualized revenue; Agility bookings +107% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNODATA INC reported nine months ended September 30, 2022 results: revenue $59.6 million, net income $10.0 million, EPS $0.37 per basic and diluted share.

Period: nine months ended September 30, 2022
Revenue: $59.6 million
Net income: $10.0 million
EPS: $0.37 per basic and diluted share
Result: reported results

Exact text from the filing

Revenue for the nine months ended September 30, 2022 was $59.6 million, up 18% year-over-year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNODATA INC reported third quarter ended September 30, 2022 results: revenue $18.4 million, net income $3.3 million, EPS $0.12 per basic and diluted share.

Period: third quarter ended September 30, 2022
Revenue: $18.4 million
Net income: $3.3 million
EPS: $0.12 per basic and diluted share
Result: reported results

Exact text from the filing

Revenue for the quarter ended September 30, 2022 was $18.4 million, up 6% year-over-year.

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INNODATA INC filing history →

Source: SEC EDGAR

accession 0001104659-22-117226

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