Innodata Inc. (INOD) Financial Statements (2024 and earlier)

Company Profile

Business Address 55 CHALLENGER ROAD
RIDGEFIELD PARK, NJ 07660
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,66610,84210,29910,72910,48115,427
Cash and cash equivalents13,65210,3309,79210,72910,48115,427
Short-term investments14512507   
Receivables8,3598,4629,5289,37410,95610,904
Other undisclosed current assets3,8394,1893,8583,8193,7863,755
Total current assets:25,86423,49323,68523,92225,22330,086
Noncurrent Assets
Operating lease, right-of-use asset3,9384,1094,3094,1994,3954,623
Property, plant and equipment2,4302,5902,5112,7182,8992,881
Intangible assets, net (including goodwill)15,55815,10814,56413,92413,73413,370
Goodwill2,0692,0442,0381,9822,0762,142
Intangible assets, net (excluding goodwill)13,48913,06412,52611,94211,65811,228
Deferred income tax assets1,5861,5831,4751,5321,6671,870
Other noncurrent assets2,2292,2521,4981,5142,0052,104
Total noncurrent assets:25,74125,64224,35723,88724,70024,848
TOTAL ASSETS:51,60549,13548,04247,80949,92354,934
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,9379,0689,88019,59218,05018,405
Taxes payable2,9913,3873,407
Employee-related liabilities6,9116,4046,041
Accounts payable2,7182,2252,6302,9522,0541,725
Accrued liabilities5,2196,8437,2506,7386,2057,232
Debt   8775967001,229
Other undisclosed current liabilities13,44612,10210,059742776812
Total current liabilities:21,38321,17020,81620,93019,52620,446
Noncurrent Liabilities
Long-term debt and lease obligation   5,0799,80410,08510,425
Long-term debt, excluding current maturities   5,0795,8745,9986,134
Liabilities, other than long-term debt3,8453,9834,101232017
Deferred income tax liabilities175765232017
Operating lease, liability3,8283,9264,0363,9304,0874,291
Other undisclosed noncurrent liabilities6,4506,288    
Total noncurrent liabilities:10,29510,2719,1809,82710,10510,442
Total liabilities:31,67831,44129,99630,75729,63130,888
Temporary equity, carrying amount(724)(724)(727)(729)(730)(732)
Equity
Equity, attributable to parent20,65118,41818,77317,78121,02224,778
Common stock315307306306305304
Treasury stock, value(6,465)(6,465)(6,465)(6,465)(6,465)(6,465)
Additional paid in capital39,96637,09735,81534,84633,94632,767
Accumulated other comprehensive loss(1,459)(1,630)(2,108)(4,091)(3,276)(2,173)
Retained earnings (accumulated deficit)(11,706)(10,891)(8,775)(6,815)(3,488)345
Total equity:20,65118,41818,77317,78121,02224,778
TOTAL LIABILITIES AND EQUITY:51,60549,13548,04247,80949,92354,934

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues19,65518,83919,37518,44719,98721,192
Cost of revenue(12,715)(12,937)(12,748)(12,389)(12,992)(13,417)
Cost of goods and services sold(12,715)(12,874)(12,738)(12,389)(12,992)(13,414)
Gross profit:6,9405,9026,6276,0586,9957,775
Operating expenses(7,574)(7,797)(8,356)(9,117)(10,277)(10,190)
Operating income (loss):(634)(1,895)(1,729)(3,059)(3,282)(2,415)
Nonoperating income (expense)
(gain, Foreign Currency Transaction, before Tax)
    729  
Income (loss) from continuing operations before equity method investments, income taxes:(634)(1,895)(1,729)(2,330)(3,282)(2,415)
Other undisclosed income from continuing operations before income taxes 7   1 
Income (loss) from continuing operations before income taxes:(627)(1,895)(1,729)(2,330)(3,281)(2,415)
Income tax expense(188)(218)(229)(268)(550)(475)
Income (loss) from continuing operations:(815)(2,113)(1,958)(2,598)(3,831)(2,890)
Loss before gain (loss) on sale of properties:(2,598)(3,831)(2,890)
Other undisclosed net loss    (728)  
Net income (loss):(815)(2,113)(1,958)(3,326)(3,831)(2,890)
Net income (loss) attributable to noncontrolling interest (3)(2)(1)(2)75
Net income (loss) available to common stockholders, diluted:(815)(2,116)(1,960)(3,327)(3,833)(2,815)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(815)(2,113)(1,958)(3,326)(3,831)(2,890)
Other comprehensive income (loss)1714781,983(815)(1,103)19
Comprehensive income (loss):(644)(1,635)25(4,141)(4,934)(2,871)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (3)(2)(1)(2)75
Comprehensive income (loss), net of tax, attributable to parent:(644)(1,638)23(4,142)(4,936)(2,796)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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