Innodata Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Innodata Inc. filed its Q1 2024 10-Q, detailing financial positions and equity compensation plans across multiple periods.</b>

AI Summary

INNODATA INC (INOD) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. Innodata Inc. filed a 10-Q report for the period ending March 31, 2024. The filing includes financial data for various equity and stock plans. Specific balance sheet items like Treasury Stock, Retained Earnings, and Additional Paid-In Capital are detailed for multiple periods. Accumulated Other Comprehensive Income and related adjustments are presented for 2024, 2023, and 2022. Common Stock and Employee Stock Options under different plans are listed for the periods ending March 31, 2024, December 31, 2023, and March 31, 2023.

Why It Matters

For investors and stakeholders tracking INNODATA INC, this filing contains several important signals. This 10-Q provides a snapshot of Innodata's financial health and equity structure as of Q1 2024, crucial for investors assessing performance and valuation. The detailed breakdown of equity compensation plans and stock movements offers insight into management incentives and potential dilution.

Risk Assessment

Risk Level: low — INNODATA INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial events or disclosures that would elevate the risk level.

Analyst Insight

Investors should review the detailed balance sheet and equity compensation data to understand Innodata's financial standing and potential future share impact.

Key Numbers

• 2024-03-31 — Period of Report (10-Q filing)
• 2024-05-08 — Filed As Of Date (10-Q filing)
• 0000903651 — Central Index Key (Company identifier)
• 7374 — SIC Code (Services-Computer Processing & Data Preparation)

Key Players & Entities

• INNODATA INC (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-08 (date) — Filed as of date
• 0000903651 (company) — Central Index Key
• 7374 (industry) — Standard Industrial Classification
• DE (state) — State of incorporation
• 133475943 (tax_id) — IRS Number
• 201 371 8000 (phone) — Business phone

FAQ

Industry Context

Innodata Inc. operates in the Services-Computer Processing & Data Preparation industry (SIC 7374).

Regulatory Implications

The filing is a Form 10-Q, a quarterly report required by the U.S. Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Review the detailed balance sheet accounts for Q1 2024.
2. Analyze the equity compensation plan disclosures for potential impact on share count.
3. Compare current period financial data with prior periods presented in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — Financial data presented in the 10-Q report.
• 2024-05-08: Filing Date — Date the 10-Q was officially filed with the SEC.

Year-Over-Year Comparison

This filing is a 10-Q for the period ending March 31, 2024, providing updated financial information compared to previous filings.

Key Financial Figures

• $0.01 — hares of the registrant's common stock, $0.01 par value per share, as of May 1, 2024

Filing Documents

• inod-20240331x10q.htm (10-Q) — 1808KB
• inod-20240331xex31d1.htm (EX-31.1) — 14KB
• inod-20240331xex31d2.htm (EX-31.2) — 13KB
• inod-20240331xex32d1.htm (EX-32.1) — 7KB
• inod-20240331xex32d2.htm (EX-32.2) — 7KB
• 0001410578-24-000611.txt (&nbsp;) — 8837KB
• inod-20240331.xsd (EX-101.SCH) — 54KB
• inod-20240331_cal.xml (EX-101.CAL) — 58KB
• inod-20240331_def.xml (EX-101.DEF) — 210KB
• inod-20240331_lab.xml (EX-101.LAB) — 414KB
• inod-20240331_pre.xml (EX-101.PRE) — 357KB
• inod-20240331x10q_htm.xml (XML) — 1970KB

– Financial Information

Part I – Financial Information Page No. Item 1.

Financial Statements

Financial Statements Condensed Consolidated Financial Statements (Unaudited): Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 2 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March 31, 2024 and 2023 3 Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity for the three months ended March 31, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 34

– Other Information

Part II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 36 Item 1A.

Risk Factors

Risk Factors 36 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 36 Item 3. Defaults Upon Senior Securities 36 Item 4. Mine Safety Disclosures 36 Item 5. Other Information 36 Item 6. Exhibits 37

Signatures

Signatures 38 1 Table of Contents

FINANCIAL INFORMATION

Part I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements INNODATA INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except share and per share amounts) March 31, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 18,975 $ 13,806 Short term investments – other 14 14 Accounts receivable, net of allowance for credit losses 14,064 14,288 Prepaid expenses and other current assets 3,820 3,969 Total current assets 36,873 32,077 Property and equipment, net 2,137 2,281 Right-of-use-asset, net 4,815 5,054 Other assets 2,018 2,445 Deferred income taxes, net 1,848 1,741 Intangibles, net 13,825 13,758 Goodwill 2,056 2,075 Total assets $ 63,572 $ 59,431 LIABILITIES, NON-CONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 2,091 $ 2,662 Accrued expenses 3,185 3,060 Accrued salaries, wages and related benefits 7,302 7,799 Deferred revenues 6,668 3,523 Income and other taxes 4,056 3,848 Long-term obligations - current portion 1,160 1,261 Operating lease liability - current portion 804 782 Total current liabilities 25,266 22,935 Deferred income taxes, net 84 22 Long-term obligations, net of current portion 6,899 6,778 Operating lease liability, net of current portion 4,469 4,701 Total liabilities 36,718 34,436 Commitments and contingencies - - Non-controlling interests ( 707 ) ( 708 ) STOCKHOLDERS' EQUITY : Serial preferred stock; 4,998,000 shares authorized, none outstanding - - Common stock, $ .01 par value; 75,000,000 shares authorized; 31,937,000 shares issued and 28,753,000 outstanding at March 31, 2024 and December 31, 2023 320 320 Additional paid-in capital 44,186 43,152 Deficit ( 8,694 ) ( 9,683 ) Accumulated other comprehensive loss ( 1,786 ) ( 1,621 ) 34,026 32,168 Less: treasury stock, 3,184,000 shares at March 31, 2024 and D

View Full Filing

View this 10-Q filing on SEC EDGAR