Financial Results in Focus: Innodata Inc. (NASDAQ: INOD)

CHICAGO, June 23, 2019 – Shares of Innodata Inc. (NASDAQ: INOD) showed no change to $0.99. The stock grabbed the investor’s attention and traded 8.612K shares as compared to its average daily volume of 19.22K shares. The stock’s institutional ownership stands at 27.10%.

INNODATA INC. (INOD) recently reported results for the first quarter ended March 31, 2019.

  • Total revenue was $13.70M in the first quarter of 2019, a 9% decrease from $15.00M in the fourth quarter of 2018, and a 3% decrease from $14.10M in the first quarter of 2018.
  • Net loss was $0.50M in the first quarter of 2019, or $(0.02) per basic and diluted share, contrast to net income of $50.0K, or $0.00 per basic and diluted share, in the fourth quarter of 2018, and a $0.30M net loss, or $(0.01) per basic and diluted share, in the first quarter of 2018.
  • Adjusted EBITDA was $0.50M in the first quarter of 2019, contrast to $1.40M in the fourth quarter of 2018 and $1.30M in the first quarter of 2018.
  • Cash and cash equivalents were $12.20M at March 31, 2019 contrast to $10.90M at December 31, 2018.

INOD has a market value of $25.70M while its EPS was booked as $-0.01 in the last 12 months. The stock has 25.96M shares outstanding. In the profitability analysis, the company has gross profit margin of 32.10% while net profit margin was -0.30%. Beta value of the company was 0.69; beta is used to measure riskiness of the security.

Ameena Dalia

Finance and Entertainment Reporter