Innodata Inc. Q2 2024 Financials Filed

TL;DR

INNODATA Q2 2024 BALANCE SHEET SHOWS EQUITY CHANGES - INVESTORS CHECK IT OUT

AI Summary

Innodata Inc. reported its financial results for the second quarter ended June 30, 2024. The company's filing details its balance sheet items, including common stock, treasury stock, retained earnings, and additional paid-in capital as of June 30, 2024, and compares them to March 31, 2024, and June 30, 2023.

Why It Matters

This filing provides a snapshot of Innodata's financial health and equity structure, which is crucial for investors to assess the company's performance and value.

Risk Assessment

Risk Level: low — This is a routine 10-Q filing detailing financial statement information, not indicating any immediate or significant new risks.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Latest balance sheet date)
• 2024-03-31 — Previous Balance Sheet Date (Comparison point for equity changes)
• 2023-06-30 — Prior Year Period End Date (Year-over-year comparison point)

Key Players & Entities

• Innodata Inc. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240809 (date) — Filing date

FAQ

Key Financial Figures

• $0.01 — hares of the registrant's common stock, $0.01 par value per share, as of August 1, 20

Filing Documents

• inod-20240630x10q.htm (10-Q) — 2416KB
• inod-20240630xex10d1.htm (EX-10.1) — 26KB
• inod-20240630xex31d1.htm (EX-31.1) — 14KB
• inod-20240630xex31d2.htm (EX-31.2) — 13KB
• inod-20240630xex32d1.htm (EX-32.1) — 6KB
• inod-20240630xex32d2.htm (EX-32.2) — 6KB
• 0001410578-24-001246.txt ( ) — 10568KB
• inod-20240630.xsd (EX-101.SCH) — 56KB
• inod-20240630_cal.xml (EX-101.CAL) — 59KB
• inod-20240630_def.xml (EX-101.DEF) — 214KB
• inod-20240630_lab.xml (EX-101.LAB) — 429KB
• inod-20240630_pre.xml (EX-101.PRE) — 365KB
• inod-20240630x10q_htm.xml (XML) — 2482KB

– 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 June 30, 2024 and December 31, 2023 2 Condensed Consolidated Statements of Operations and Comprehensive Loss for the three months ended June 30, 2024 and 2023 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the six months ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the t hree and six months ended June 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 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 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.

Controls and Procedures

Controls and Procedures 41

– Other Information

Part II – Other Information Item 1.

Legal Proceedings

Legal Proceedings 42 Item 1A.

Risk Factors

Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 3. Defaults Upon Senior Securities 42 Item 4. Mine Safety Disclosures 42 Item 5. Other Information 42 Item 6. Exhibits 43

Signatures

Signatures 44 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) June 30, December 31, 2024 2023 ASSETS Current assets: Cash and cash equivalents $ 16,509 $ 13,806 Short term investments – other 14 14 Accounts receivable, net of allowance for credit losses 18,162 14,288 Prepaid expenses and other current assets 3,652 3,969 Total current assets 38,337 32,077 Property and equipment, net 3,271 2,281 Right-of-use-asset, net 4,627 5,054 Other assets 2,048 2,445 Deferred income taxes, net 1,736 1,741 Intangibles, net 13,910 13,758 Goodwill 2,044 2,075 Total assets $ 65,973 $ 59,431 LIABILITIES, NON-CONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 3,725 $ 2,662 Accrued expenses 5,354 3,060 Accrued salaries, wages and related benefits 6,642 7,799 Deferred revenues 4,770 3,523 Income and other taxes 3,906 3,848 Long-term obligations - current portion 1,149 1,261 Operating lease liability - current portion 828 782 Total current liabilities 26,374 22,935 Deferred income taxes, net 86 22 Long-term obligations, net of current portion 6,995 6,778 Operating lease liability, net of current portion 4,247 4,701 Total liabilities 37,702 34,436 Commitments and contingencies - - Non-controlling interests ( 702 ) ( 708 ) STOCKHOLDERS' EQUITY : Serial preferred stock; 4,998,000 shares authorized, none outstanding - - Common stock, $ .01 par value; 75,000,000 shares authorized; 32,172,000 shares issued and 28,988,000 outstanding at June 30, 2024 and 31,937,000 shares issued and 28,753,000 outstanding at December 31, 2023 322 320 Additional paid-in capital 45,862 43,152 Deficit ( 8,708 ) ( 9,683 ) Accumulated other comprehensive loss ( 2,038 ) ( 1,621 ) 35,438 32,168 Less: tre

View Full Filing

View this 10-Q filing on SEC EDGAR