8-K
filed August 10, 2023, 7:59 PM ET
ticker INOD
CIK 0000903651
earnings
confidence high
sentiment positive
materiality 0.75
Innodata Q2 2023: Revenue $19.7M, Adj EBITDA $1.6M positive; new Big Five win expected
INNODATA INC
2023-Q2 EPS reported
-$0.11
revenue$38,494,000
- Revenue $19.7M (flat YoY); net loss $0.8M vs $3.8M YoY; adjusted EBITDA $1.6M vs -$1.3M YoY.
- New Big Five tech customer win expected to sign; initial $3.5M authorization, potential $12M quarterly revenue at maturity.
- Previously announced wins: existing Big Five customer engagement up to $8M revenue in 2023; white-label program with hyperscaler.
- Cash $13.7M, no debt; secured $10M revolving line of credit with Wells Fargo.
- CEO expects revenue and Adjusted EBITDA growth to accelerate in H2 2023 and 2024.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
INNODATA INC reported financial results for six months ended June 30, 2023.
- Period
- six months ended June 30, 2023
- Result
- reported results
Exact text from the filing
Revenue for the six months ended June 30, 2023 was $38.5 million, compared to revenue of $41.2 million in the same period last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
INNODATA INC reported financial results for six months ended June 30, 2023.
- Period
- six months ended June 30, 2023
- Result
- reported results
Exact text from the filing
Net loss for the six months ended June 30, 2023 was $2.9 million, or $0.11 per basic and diluted share, compared to a net loss of $6.6 million, or $0.24 per basic and diluted share, in the same period last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
INNODATA INC reported financial results for second quarter ended June 30, 2023.
- Period
- second quarter ended June 30, 2023
- Result
- reported results
Exact text from the filing
Revenue for the quarter ended June 30, 2023 was $19.7 million, compared to revenue of $20.0 million in the same period last year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.98
INNODATA INC reported financial results for second quarter ended June 30, 2023.
- Period
- second quarter ended June 30, 2023
- Result
- reported results
Exact text from the filing
Net loss for the quarter ended June 30, 2023 was $0.8 million, or $0.03 per basic and diluted share, compared to a net loss of $3.8 million, or $0.14 per basic and diluted share, in the same period last year.
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.