---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-089860"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T21:00:42.186357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Innodata Q2 2023: Revenue $19.7M, Adj EBITDA $1.6M positive; new Big Five win expected

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-089860
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903651/000110465923089860/0001104659-23-089860-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465923089860/tm2322427d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089860
- JSON: https://secwatch.observer/filing/0001104659-23-089860.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089860.txt

## Key facts
- Earnings Releases
  INNODATA INC reported financial results for six months ended June 30, 2023.
  - Period: six months ended June 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923089860/0001104659-23-089860-index.htm
- Earnings Releases
  INNODATA INC reported financial results for six months ended June 30, 2023.
  - Period: six months ended June 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923089860/0001104659-23-089860-index.htm
- Earnings Releases
  INNODATA INC reported financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923089860/0001104659-23-089860-index.htm
- Earnings Releases
  INNODATA INC reported financial results for second quarter ended June 30, 2023.
  - Period: second quarter ended June 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923089860/0001104659-23-089860-index.htm

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