---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-117226"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2022-11-10T23:59:59+00:00"
generated_at: "2026-06-22T00:28:06.976280+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-117226
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2022-11-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903651/000110465922117226/0001104659-22-117226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465922117226/tm2230020d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-117226
- JSON: https://secwatch.observer/filing/0001104659-22-117226.json
- Plain text: https://secwatch.observer/filing/0001104659-22-117226.txt

## Key facts
- Earnings Releases
  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
  source text: Revenue for the nine months ended September 30, 2022 was $59.6 million, up 18% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465922117226/0001104659-22-117226-index.htm
- Earnings Releases
  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
  source text: Revenue for the quarter ended September 30, 2022 was $18.4 million, up 6% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465922117226/0001104659-22-117226-index.htm

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