Innodata Inc. (INOD) Income Statement Analysis

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Complete financial analysis of Innodata Inc. (INOD) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Innodata Inc., a leading company in the Information Technology Services industry within the Technology sector.

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Innodata Inc. (INOD)

Industry: Information Technology Services

Sector: Technology

Website: https://www.innodata.com

About Innodata Inc.

Innodata Inc. operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment offers AI-enabled software platforms and managed services to companies that require data for training AI and machine learning (ML) algorithms, and AI digital transformation solutions to help companies apply AI/ML for problems relating to analyzing and deriving insights from documents. This segment provides a range of data engineering support services, including data annotation, data transformation, data transformation, data curation, data hygiene, data consolidation, data compliance, and master data management. The Synodex segment offers an industry platform that transforms medical records into useable digital data with its proprietary data models or client data models. The Agility segment provides an industry platform that provides marketing communications and public relations professionals to target and distribute content to journalists and social media influencers; and to monitor and analyze global news channels, such as print, web, radio, and TV, as well as social media channels. It serves banking, insurance, financial services, technology, digital retailing, and information/media sectors through its professional staff, senior management, and direct sales personnel. The company was formerly known as Innodata Isogen, Inc. and changed its name to Innodata Inc. in June 2012. Innodata Inc. was incorporated in 1988 and is headquartered in Ridgefield Park, New Jersey.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993
Revenue	86.78M	79.00M	69.76M	58.24M	55.86M	57.42M	60.93M	63.07M	58.52M	59.08M	64.25M	86.59M	73.94M	61.51M	79.33M	75.00M	67.73M	40.95M	42.05M	53.95M	36.71M	36.39M	58.28M	50.73M	27.50M	19.60M	20.10M	20.50M	20.80M	14.30M	9.60M
Cost of Revenue	55.48M	51.53M	44.03M	38.35M	37.33M	39.05M	45.83M	47.22M	43.94M	43.91M	49.13M	57.38M	50.18M	47.28M	54.76M	53.53M	48.58M	34.14M	30.92M	33.05M	27.03M	32.01M	44.35M	31.50M	16.10M	11.80M	14.70M	15.40M	13.00M	10.10M	6.60M
Gross Profit	31.29M	27.47M	25.73M	19.89M	18.53M	18.37M	15.10M	15.86M	14.58M	15.17M	15.12M	29.21M	23.77M	14.23M	24.57M	21.48M	19.15M	6.81M	11.13M	20.90M	9.69M	4.38M	13.92M	19.23M	11.40M	7.80M	5.40M	5.10M	7.80M	4.20M	3.00M
Gross Profit Ratio	36.06%	34.77%	36.88%	34.15%	33.18%	32.00%	24.79%	25.14%	24.92%	25.68%	23.54%	33.73%	32.14%	23.13%	30.97%	28.63%	28.27%	16.63%	26.47%	38.74%	26.38%	12.04%	23.89%	37.91%	41.45%	39.80%	26.87%	24.88%	37.50%	29.37%	31.25%
Research & Development	0.00	2.13M	1.28M	1.28M	305.00K	100.00K	100.00K	1.26M	1.22M	600.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	10.68M	9.65M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.28M	7.25M	6.80M	5.00M	5.30M	4.80M	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	15.96M	7.74M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	30.98M	37.94M	26.63M	17.38M	19.01M	15.85M	20.20M	19.54M	16.80M	16.41M	17.30M	22.19M	19.08M	15.66M	16.32M	16.13M	15.28M	14.28M	13.68M	10.21M	8.90M	10.04M	11.28M	7.25M	6.80M	5.00M	5.30M	4.80M	4.30M	2.80M	2.00M
Other Expenses	0.00	0.00	0.00	0.00	0.00	100.00K	0.00	27.68M	27.14M	27.49M	31.83M	35.19M	31.09M	31.63M	38.44M	37.39M	33.30M	19.86M	30.92M	0.00	0.00	0.00	0.00	2.96M	1.80M	1.30M	1.30M	1.40M	1.00M	700.00K	400.00K
Operating Expenses	30.98M	37.94M	27.91M	18.66M	19.01M	15.85M	20.20M	19.54M	16.80M	16.41M	17.30M	22.19M	19.08M	15.66M	16.32M	16.13M	15.28M	14.28M	13.68M	10.21M	8.90M	10.04M	11.28M	10.21M	8.60M	6.30M	6.60M	6.20M	5.30M	3.50M	2.40M
Cost & Expenses	85.84M	89.47M	71.94M	57.01M	56.34M	54.89M	66.03M	66.76M	60.74M	60.32M	66.42M	79.58M	69.26M	62.94M	71.08M	69.66M	63.86M	48.43M	44.60M	43.26M	35.93M	42.04M	55.63M	41.71M	24.70M	18.10M	21.30M	21.60M	18.30M	13.60M	9.00M
Interest Income	0.00	11.00K	108.00K	135.00K	120.00K	0.00	23.00K	0.00	31.00K	95.00K	313.00K	324.00K	673.00K	224.00K	58.00K	262.00K	678.00K	683.00K	457.00K	87.00K	30.00K	89.00K	216.00K	154.41K	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	179.00K	11.00K	100.00	135.00K	51.00K	0.00	0.00	63.00K	0.00	0.00	0.00	0.00	86.00K	9.00K	28.00K	56.00K	33.00K	7.00K	18.00K	25.00K	9.00K	29.00K	9.00K	42.88K	0.00	100.00K	0.00	0.00	0.00	0.00	100.00K
Depreciation & Amortization	4.72M	3.89M	2.87M	2.27M	2.70M	3.37M	3.48M	3.20M	2.77M	3.05M	3.65M	3.90M	3.41M	3.70M	3.71M	3.70M	3.16M	3.44M	3.16M	3.92M	4.53M	5.23M	4.79M	2.96M	1.80M	1.30M	1.30M	1.40M	1.00M	700.00K	400.00K
EBITDA	5.03M	-6.59M	1.22M	3.54M	1.75M	5.33M	-1.69M	-1.53M	561.00K	1.81M	1.48M	10.92M	8.10M	2.27M	12.02M	9.31M	7.70M	-3.96M	608.00K	14.62M	5.32M	-430.00K	7.44M	11.98M	4.60M	2.79M	100.00K	300.00K	3.50M	1.40M	1.00M
EBITDA Ratio	5.80%	-8.33%	-0.61%	6.08%	-0.85%	5.58%	-8.37%	-4.20%	-3.78%	-1.47%	5.22%	8.68%	6.33%	-2.32%	15.15%	12.41%	10.37%	-8.38%	1.45%	26.47%	14.48%	-0.51%	14.24%	23.62%	16.73%	11.73%	14.43%	0.98%	15.87%	11.19%	9.38%
Operating Income	0.00	-10.47M	-2.18M	1.28M	-3.40M	2.53M	-5.10M	-4.72M	-2.21M	-1.62M	-7.70M	6.52M	4.68M	-1.43M	8.25M	5.34M	3.87M	-8.08M	-2.55M	10.69M	787.00K	-5.90M	1.78M	9.03M	2.80M	1.50M	-1.20M	-1.10M	2.50M	700.00K	600.00K
Operating Income Ratio	0.00%	-13.26%	-3.13%	2.19%	-6.09%	4.40%	-8.37%	-7.49%	-3.78%	-2.73%	-11.98%	7.52%	6.33%	-2.32%	10.40%	7.12%	5.71%	-19.72%	-6.07%	19.82%	2.14%	-16.22%	3.05%	17.79%	10.18%	7.65%	-5.97%	-5.37%	12.02%	4.90%	6.25%
Total Other Income/Expenses	139.00K	-205.00K	580.00K	-135.00K	-215.00K	-708.00K	335.00K	-63.00K	31.00K	95.00K	313.00K	324.00K	587.00K	215.00K	30.00K	206.00K	645.00K	43.00K	439.00K	400.00K	21.00K	60.00K	207.00K	111.52K	100.00K	500.00K	-2.90M	100.00K	0.00	-200.00K	0.00
Income Before Tax	139.00K	-10.48M	-963.00K	1.05M	-528.00K	1.82M	-5.07M	-4.79M	-2.18M	-1.52M	-7.38M	6.84M	5.27M	-1.22M	8.28M	5.55M	4.51M	-7.40M	-2.11M	11.09M	808.00K	-5.84M	1.99M	9.14M	2.90M	2.00M	-4.10M	-1.00M	2.50M	500.00K	600.00K
Income Before Tax Ratio	0.16%	-13.27%	-1.38%	1.79%	-0.95%	3.17%	-8.33%	-7.59%	-3.73%	-2.57%	-11.49%	7.90%	7.13%	-1.98%	10.44%	7.40%	6.66%	-18.07%	-5.02%	20.56%	2.20%	-16.06%	3.41%	18.01%	10.55%	10.20%	-20.40%	-4.88%	12.02%	3.50%	6.25%
Income Tax Expense	1.03M	1.52M	842.00K	401.00K	1.09M	1.81M	285.00K	1.13M	1.20M	406.00K	5.45M	1.15M	1.36M	-468.00K	967.00K	-2.04M	-52.00K	-77.00K	-462.00K	3.24M	333.00K	-677.00K	639.00K	2.97M	800.00K	-300.00K	100.00K	-400.00K	1.00M	200.00K	200.00K
Net Income	-908.00K	-12.01M	-1.81M	617.00K	-1.62M	4.00K	-5.06M	-5.52M	-2.83M	-974.00K	-10.63M	7.47M	4.47M	-747.00K	7.31M	7.58M	4.57M	-7.32M	-1.65M	7.86M	475.00K	-5.17M	1.35M	6.17M	2.10M	2.30M	-4.20M	-600.00K	1.50M	300.00K	400.00K
Net Income Ratio	-1.05%	-15.20%	-2.59%	1.06%	-2.90%	0.01%	-8.30%	-8.76%	-4.83%	-1.65%	-16.55%	8.63%	6.05%	-1.21%	9.22%	10.11%	6.74%	-17.88%	-3.93%	14.56%	1.29%	-14.20%	2.31%	12.16%	7.64%	11.73%	-20.90%	-2.93%	7.21%	2.10%	4.17%
EPS	-0.03	-0.44	-0.07	0.03	-0.06	0.00	-0.20	-0.22	-0.11	-0.04	-0.43	0.30	0.18	-0.03	0.30	0.27	0.19	-0.30	-0.07	0.35	0.02	-0.24	0.06	0.15	0.03	0.04	-0.23	-0.03	0.02	0.01	0.01
EPS Diluted	-0.03	-0.44	-0.07	0.02	-0.06	0.00	-0.20	-0.22	-0.11	-0.04	-0.43	0.28	0.18	-0.03	0.28	0.26	0.18	-0.30	-0.07	0.32	0.02	-0.24	0.05	0.13	0.03	0.04	-0.23	-0.03	0.02	0.01	0.01
Weighted Avg Shares Out	28.13M	27.28M	26.63M	24.61M	25.77M	25.30M	25.28M	25.11M	25.40M	24.35M	24.73M	24.90M	24.92M	25.36M	24.61M	24.39M	24.14M	24.02M	23.01M	22.29M	23.75M	21.52M	22.47M	20.19M	19.96M	17.76M	17.95M	18.46M	17.74M	42.00M	42.00M
Weighted Avg Shares Out (Dil)	28.13M	27.28M	26.63M	25.57M	25.77M	25.88M	25.82M	25.54M	25.40M	25.23M	25.00M	26.23M	25.10M	25.36M	25.76M	25.14M	25.33M	24.02M	23.01M	24.82M	23.75M	21.52M	26.96M	23.06M	19.96M	17.76M	17.95M	18.46M	17.74M	42.00M	42.00M

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