---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-113873"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:31:48.617250+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Innodata reports Q3 revenue $22.2M (+20% YoY), net income $0.4M, signs new big tech for GenAI

## Summary
- Net income $0.4M ($0.01/shr) vs net loss $3.3M (-$0.12/shr) in Q3 2022.
- Adjusted EBITDA $3.2M, up from -$1.2M YoY; cash & short-term investments $14.8M.
- Q4 revenue forecast $24.5M+ (≥26% YoY); Adj. EBITDA guidance $3.7M+ (~15x YoY).
- Signed master services agreement with another large tech company for generative AI development.
- GenAI work with new Big Five customers ramping; potential $23-$25M runrate from one by year-end.

## SEC filing metadata
- accession: 0001104659-23-113873
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2023-11-02T23:59:59+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/903651/000110465923113873/0001104659-23-113873-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465923113873/tm2329020d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-113873
- JSON: https://secwatch.observer/filing/0001104659-23-113873.json
- Plain text: https://secwatch.observer/filing/0001104659-23-113873.txt

## Key facts
- Earnings Releases
  INNODATA INC reported the nine months ended September 30, 2023 results: revenue $60.7 million, net income Net loss for the nine months ended September 30, 2023 was $2.6 million, or $0.09 per basic and diluted share.
  - Period: the nine months ended September 30, 2023
  - Revenue: $60.7 million
  - Net income: Net loss for the nine months ended September 30, 2023 was $2.6 million, or $0.09 per basic and diluted share
  - Result: reported results
  source text: share, compared to a net loss of $3.3 million, or $0.12 per basic and diluted share, in the same period last year. · Revenue for the nine months ended September 30, 2023 was $60.7 million, compared to revenue of $59.6 million in the same period last year. The comparative period included $7.9 million in revenue from the large social media company referenced
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923113873/0001104659-23-113873-index.htm
- Earnings Releases
  INNODATA INC reported the third quarter ended September 30, 2023 results: revenue $22.2 million, net income $0.4 million, or $0.01 per basic and diluted share.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $22.2 million
  - Net income: $0.4 million, or $0.01 per basic and diluted share
  - Result: reported results
  source text: – November 2, 2023 – INNODATA INC. (NASDAQ:INOD) today reported results for the third quarter ended September 30, 2023. · Revenue for the quarter ended September 30, 2023 was $22.2 million, up 20% year over year. The comparative period included $1.0 million in revenue from the large social media company that underwent a significant management change in the second
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465923113873/0001104659-23-113873-index.htm

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