---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-059239"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T03:14:49.003918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Innodata Q1 revenue $18.8M, net loss $2.1M; announces generative AI deals with three top tech firms

## Summary
- Revenue $18.8M vs $21.2M YoY; prior year included $4.4M from a large social media client that pulled back.
- Net loss $2.1M ($0.08/share) vs $2.8M ($0.10/share) YoY; Adjusted EBITDA $0.8M vs -$1.0M YoY.
- Selected for generative AI data engineering by two of top 5 global tech firms; a third likely, with framework agreements.
- One new customer indicated initial $2.5M PO; potential $12M quarterly revenue at maturity if scope fully realized.
- Cash and short-term investments $10.8M; no debt; expects exiting 2023 revenue growth in high teens and $15M+ annualized EBITDA.

## SEC filing metadata
- accession: 0001104659-23-059239
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903651/000110465923059239/0001104659-23-059239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465923059239/tm2313960d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-059239
- JSON: https://secwatch.observer/filing/0001104659-23-059239.json
- Plain text: https://secwatch.observer/filing/0001104659-23-059239.txt

## Key facts
- Earnings Releases
  INNODATA INC reported the first quarter ended March 31, 2023 results: revenue $18.8 million, net income $2.1 million, EPS $0.08 per basic and diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $18.8 million
  - Net income: $2.1 million
  - EPS: $0.08 per basic and diluted share
  - Result: reported results
  source text: Revenue for the quarter ended March 31, 2023 was $18.8 million, compared to revenue of $21.2 million in the same period last year. The comparative period included $4.4 million in revenue from a large social media company that underwent a significant management change in the second half of last year, as a result of which it dramatically pulled back spending across the board. There was no revenue from this company in the quarter ended March 31, 2023. • Net loss for the quarter ended March 31, 2023 was $2.1 million, or $0.08 per basic and diluted share, compared to a net loss of $2.8 million, or $0.10 per basic and diluted share, in the same period last year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923059239/0001104659-23-059239-index.htm

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