secwatch.observer — SEC 8-K summary
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Issuer:     INNODATA INC (INOD)
CIK:        0000903651
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001104659-22-117226
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903651/000110465922117226/0001104659-22-117226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903651/000110465922117226/tm2230020d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-117226

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