Innodata(INOD)
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Innodata(INOD) - 2022 Q3 - Quarterly Report
2022-11-09 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-35774 INNODATA INC. (Exact name of registrant as specified in its charter) Delawar ...
Innodata(INOD) - 2022 Q2 - Earnings Call Transcript
2022-08-12 01:11
Financial Data and Key Metrics Changes - Q2 2022 revenue was $20 million, representing a 17% year-over-year growth, slightly below expectations due to a strategic decision with a customer [7][8] - Net loss for Q2 2022 was $3.8 million, compared to a net loss of $0.1 million in the same period last year [26] - Revenue for the first six months of 2022 was $41.2 million, up 25% year-over-year, with a net loss of $6.6 million compared to a net income of $0.3 million in the same period last year [27] - Adjusted EBITDA loss was $1.3 million in Q2 2022, compared to an adjusted EBITDA of $0.7 million in the same period last year [28] Business Line Data and Key Metrics Changes - The Digital Data Solutions segment saw a slowdown in new business activity due to economic volatility, but there was a 24% increase in new customer acquisitions, adding 115 new logos in Q2 [10] - Agility, an AI-enabled software platform for public relations, is targeting a 30% growth in annual recurring revenue (ARR) this year, supported by increased sales headcount from 14 to 90 [17] - Synodex is expected to exceed 90% year-over-year growth in 2022, with investments focused on broadening capabilities [22] Market Data and Key Metrics Changes - The AI transformation is projected to result in a 38% compound annual growth rate (CAGR) in customer spending from 2022 to 2030 [16] - The company is experiencing renewed interest from large tech firms in AI initiatives, indicating a recovery in business activity [9][34] Company Strategy and Development Direction - The company aims to become an indispensable partner for companies embracing AI, focusing on delivering AI life cycle services and solutions [13] - Investments have been made in commercializing proprietary AI technology stacks, including an AI data annotation platform and an AI document intelligence platform [15] - The strategy includes a land-and-expand approach to penetrate accounts with significant AI spending and drive revenue expansion [16] Management's Comments on Operating Environment and Future Outlook - Management anticipates Q3 revenues to decline to about $18 million but expects significant growth in Q4 [9] - Despite recent challenges, management remains confident in the long-term growth trajectory and market opportunities, citing continued customer engagement and new contracts [10][60] - The company is budgeting to be cash flow positive by the end of Q1 next year, with plans to manage spending effectively [23][40] Other Important Information - The company has launched several new platforms and products, including an AI-enabled document intelligence platform and a banking industry platform, with positive initial feedback [19][21] - The company is focused on maintaining high data quality and leveraging both internal and freelance resources for data annotation [54] Q&A Session Summary Question: Can you elaborate on the renewed vigor from clients who had previously pulled back on spending? - Management noted that large U.S. tech companies are resuming significant spending on AI initiatives, indicating a land-and-expand opportunity [31][34] Question: When will the banking platform be generally available for other banks? - The focus is currently on the first customer, with plans to potentially generalize the platform in the first half of next year [35] Question: What is the current sales team structure and performance? - The Agility segment has 90 salespeople, with 42 being quota-carrying, and management is optimistic about account expansion despite challenges in new customer acquisition [37][39] Question: How will the company manage cash utilization if business growth does not accelerate as expected? - Management has identified several levers to manage cash flow, including anticipated revenue pickup and optimizing sales and marketing investments [40][42] Question: How does the company maintain data quality while scaling up? - The company relies on its extensive experience in data annotation and has built technologies to ensure quality, allowing for effective scaling [58]
Innodata(INOD) - 2022 Q2 - Quarterly Report
2022-08-11 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-35774 INNODATA INC. (Exact name of registrant as specified in its charter) Delaware 13- ...
Innodata(INOD) - 2022 Q1 - Earnings Call Transcript
2022-05-13 02:31
Innodata Inc. (NASDAQ:INOD) Q1 2022 Results Conference Call May 12, 2022 5:00 PM ET Company Participants Amy Agress - Vice Presidnt and General Counsel Jack Abuhoff - President and Chief Executive Officer Marissa Espineli - Interim Chief Financial Officer Conference Call Participants Tim Clarkson - Van Clemens & Co Dana Buska - Feltl Operator Good day, ladies and gentlemen and thank you all for joining us for this Innodata First Quarter 2022 Earnings Conference Call. As a reminder, all phone participants ar ...
Innodata(INOD) - 2022 Q1 - Quarterly Report
2022-05-12 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-35774 INNODATA INC. (Exact name of registrant as specified in its charter) Delaware 13 ...
Innodata(INOD) - 2021 Q4 - Annual Report
2022-03-23 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 M For the fiscal year ended December 31, 2021 TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 n Commission file number 001-35774 INNODATA INC (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 55 Challenger Road ...
Innodata(INOD) - 2021 Q4 - Earnings Call Transcript
2022-03-17 18:20
Innodata, Inc. (NASDAQ:INOD) Q4 2021 Earnings Conference Call March 17, 2022 11:00 AM ET Company Participants Amy Agress - SVP, General Counsel & Corporate Secretary Jack Abuhoff - President, CEO & Director Marissa Espineli - VP Finance and Corporate Controller Conference Call Participants Marco Petroni - MG Capital Tim Clarkson - Van Clemens & Co. Dana Buska - Feltl Operator Good day, and welcome to the Innodata Q4 and Fiscal Year 2021 Earnings Call. Today's conference is being recorded. At this time, I wo ...
Innodata(INOD) - 2021 Q3 - Earnings Call Transcript
2021-11-06 19:10
Innodata, Inc. (NASDAQ:INOD) Q3 2021 Earnings Conference Call November 4, 2021 11:00 AM ET Company Participants Amy Agress - SVP, General Counsel & Corporate Secretary Jack Abuhoff - President, CEO & Director Mark Spelker - EVP, CFO, Principal Accounting Officer & Principal Financial Officer Conference Call Participants Dana Buska - Feltl Timothy Clarkson - Van Clemens & Co. Timothy Madey - White Pine Capital Operator Good day, and welcome to the Innodata Third Quarter 2021 Earnings Call. Today's conference ...
Innodata(INOD) - 2021 Q3 - Quarterly Report
2021-11-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission file number: 001-35774 INNODATA INC. (Exact name of registrant as specified in its charter) Delaware 13-3475943 (Stat ...
Innodata(INOD) - 2021 Q2 - Earnings Call Transcript
2021-08-07 17:38
Innodata Inc. (NASDAQ:INOD) Q2 2021 Earnings Conference Call August 5, 2021 11:00 AM ET Company Participants Amy Agress - Investor Relations Jack Abuhoff - Chief Executive Officer Mark Spelker - Chief Financial Officer Conference Call Participants Tim Clarkson - Van Clemens Capital Dana Buska - Feltl Operator Good day, ladies and gentlemen. Welcome to the Innodata Second Quarter 2021 Earnings Call. Today’s conference is being recorded. At this time, I’d like to turn the conference over to Amy Agress. Please ...