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Innodata (INOD)

Innodata is a leading data engineering company. Prestigious companies across the globe turn to Innodata for help with their biggest data challenges. By combining advanced machine learning and artificial intelligence (ML/AI) technologies, a global workforce of over 3,000 subject matter experts, and a high-security infrastructure, we're helping usher in the promise of digital data and ubiquitous AI.

Company profile

Ticker
INOD
Exchange
CEO
Jack Abuhoff
Employees
Incorporated
Location
Fiscal year end
Former names
INNODATA CORP, INNODATA ISOGEN INC
SEC CIK
Subsidiaries
Innodata India Private Limited • Innodata Knowledge Services, Inc. • EBAR Abstracting Company, Inc. • Innodata Book Distribution Services Ltd. • Agility PR Solutions Canada Ltd. • Agility PR Solutions Ltd ...
IRS number
133475943

INOD stock data

Calendar

12 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.48M 10.48M 10.48M 10.48M 10.48M 10.48M
Cash burn (monthly) 1.65M 964.83K 1.09M 602.58K 792K 358.92K
Cash used (since last report) 2.39M 1.4M 1.58M 872.27K 1.15M 519.55K
Cash remaining 8.09M 9.08M 8.9M 9.61M 9.33M 9.96M
Runway (months of cash) 4.9 9.4 8.1 15.9 11.8 27.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Jun 22 Massey Stewart R Common Stock Buy Acquire P Yes No 4.69 10,000 46.9K 23,000
10 Mar 22 Toor Nauman Sabeeh Stock Option Common Stock Grant Acquire A No No 4.99 110,000 548.9K 110,000
10 Mar 22 Abuhoff Jack Stock Option Common Stock Grant Acquire A No No 4.99 832,926 4.16M 832,926
10 Mar 22 Mishra Ashok Stock Option Common Stock Grant Acquire A No No 4.99 416,632 2.08M 416,632
24.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 31 34 -8.8%
Opened positions 5 10 -50.0%
Closed positions 8 7 +14.3%
Increased positions 8 15 -46.7%
Reduced positions 11 5 +120.0%
13F shares Current Prev Q Change
Total value 47.01M 58.52M -19.7%
Total shares 6.69M 6.97M -4.0%
Total puts 32.4K 89.6K -63.8%
Total calls 0 0
Total put/call ratio Infinity Infinity NaN%
Largest owners Shares Value Change
Toor Nauman Sabeeh 2.34M $2.69M 0.0%
Vanguard 1.22M $8.55M -3.2%
Renaissance Technologies 1.01M $7.07M -10.9%
BLK Blackrock 517.77K $3.62M -0.4%
White Pine Capital 378.8K $2.65M +2.8%
Dimensional Fund Advisors 306.83K $2.15M +4.6%
Geode Capital Management 201.97K $1.41M +4.6%
Bridgeway Capital Management 138.56K $968K 0.0%
STT State Street 79.41K $555K +3.6%
SF Stifel Financial 74.8K $523K +87.0%
Largest transactions Shares Bought/sold Change
Renaissance Technologies 1.01M -123.4K -10.9%
Citadel Advisors 0 -79.53K EXIT
Millennium Management 0 -55.87K EXIT
Vanguard 1.22M -39.81K -3.2%
SF Stifel Financial 74.8K +34.8K +87.0%
Compass Ion Advisors 57.84K +32.84K +131.4%
Wolverine Trading 28.53K +28.53K NEW
Susquehanna International 18.67K -24.5K -56.7%
Two Sigma Investments 0 -20.52K EXIT
Trexquant Investment 0 -18.16K EXIT

Financial report summary

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Risks
  • A portion of our services is provided on a non-recurring basis for specific projects, and our inability to replace large projects when they are completed or otherwise terminated has adversely affected, and could in the future adversely affect, our revenues and results of operations.
  • New acquisitions, joint ventures or strategic investments or partnerships could harm our operating results.
  • Our new clients may sunset their products because of lack of sufficient revenues or declining revenues, and this may result in termination of our work for these clients.
  • Our success is dependent on our ability to successfully develop new services, platforms and solutions and enhance our existing services, platforms and solutions, and market acceptance of these offerings and our ability to compete with new vendors with lean cost and flexible cost models.
  • We operate in highly competitive markets. While we invest in developing and pursuing new services, platforms and solutions, our profitability could be reduced if these services, platforms and solutions do not yield the profit margins we expect, or if the new offerings do not generate the planned revenues.
  • We depend on third-party technology in the provision of our services.
  • Our Agility segment relies on third parties to provide certain content and data for our solutions. The cessation by third parties to provide their content has adversely affected, and could in the future adversely affect, our revenue and results of operations.
  • Our businesses are reliant on key employees, and we may face high attrition in our talent. We may not be able to replace displaced talent with new talent on a timely basis or with equivalent skill sets.
  • We operate from multiple locations and our employees are very diverse, so we have significant coordination risks.
  • Our intellectual property rights are valuable and if we are unable to protect them or are subject to intellectual property rights claims, our business may be harmed.
  • Disruptions in telecommunications, system failures, data corruption or virus attacks could harm our ability to execute our global resource model, which could result in client dissatisfaction and a reduction of our revenues.
  • Our international operations subject us to risks inherent in doing business on an international level, any of which could increase our costs and hinder our growth.
  • Political uncertainty, political unrest, terrorism, and natural calamities in the Philippines, India, Sri Lanka and Israel could adversely affect business conditions in those countries, which in turn could disrupt our business and adversely impact our results of operations and financial condition.
  • Our global operations expose us to risks associated with public health crises.
  • Terrorist attacks or a war could adversely affect our results of operations.
  • We are the subject of continuing litigation, including litigation by certain of our former employees.
  • Our reputation could be damaged, or our profitability could suffer if we do not meet the controls and procedures in respect of the services and solutions we provide to our clients, or if we contribute to our clients’ internal control deficiencies.
  • A portion of our revenue is generated from projects that we characterize as recurring in nature. Projects that we characterize as recurring are nevertheless subject to termination.
  • Our solutions for the Agility segment are sold pursuant to subscription agreements, and if subscription clients elect either not to renew these agreements, or to renew these agreements for less expensive services, our revenues and results of operations will be adversely affected.
  • If our clients are not satisfied with our services, they may terminate our contracts with them or our services and we may suffer reputational damage, which could have an adverse impact on our business.
  • We have no bank facilities or line of credit.
  • A large portion of our accounts receivable is payable by a limited number of clients; the inability of any of these clients to pay its obligations could adversely affect our results of operations.
  • Quarterly fluctuations in our revenues and results of operations could make financial forecasting difficult and could negatively affect our stock price.
  • The economic environment and pricing pressures could negatively impact our revenues and operating results.
  • We may not be able to obtain price or volume increases that are necessary to offset the effect of wage inflation and other government mandated cost increases.
  • Our international operations subject us to currency exchange fluctuations, which could adversely affect our results of operations.
  • In the event that the governments of India or the Philippines or the government of another country changes its tax policies, rules and regulations, our tax expense may increase and affect our effective tax rates.
  • If tax authorities in any of the jurisdictions in which we operate contest the manner in which we allocate our profits, our net loss could be higher.
  • An expiration or termination of our preferential tax rate incentives could adversely affect our results of operations.
  • Our earnings may be adversely affected if we change our intent not to repatriate our foreign earnings and profits or if such earnings and profits become subject to U.S. tax on a current basis.
  • It is unlikely that we will pay dividends.
  • Governmental and client focus on data security could increase our costs of operations. In addition, any incident in which we fail to protect our client’s information against security breaches may result in monetary damages against us, and termination of our engagement by our client, and may adversely impact our results of operations.
  • Our business is subject to applicable laws and regulations relating to foreign corrupt practices, the violation of which could adversely affect our operations.
  • Anti-outsourcing legislation, if adopted, could adversely affect our business, financial condition and results of operations and impair our ability to service our clients.
  • Our growth could be hindered by visa restrictions.
  • New and changing corporate governance and public disclosure requirements add uncertainty to our compliance policies and increase our costs of compliance.
Management Discussion
  • Amounts in the MD&A below are after elimination of any inter-segment profit and have been rounded. All percentages have been calculated using rounded amounts.

Content analysis

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Readability
H.S. sophomore Avg
New words: headcount, key, representing
Removed: attributed, month, predicted