PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Innodata Isogen, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Innodata Reports First Quarter 2013 Results - Innodata, Inc. reported results for the first quarter ended March 31, 2013 (NASDAQ: INOD) - Innodata.com
Innodata Reports First Quarter 2013 Results

 

NewswireToday - /newswire/ - New York, NY, United States, 2013/04/25 - Innodata, Inc. reported results for the first quarter ended March 31, 2013 (NASDAQ: INOD) - Innodata.com. NASDAQ: INOD

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Total revenue was $16.9 million in the first quarter of 2013, an 11% sequential decline from $19.0 million in the fourth quarter of 2012 and a 33% decline from $25.1 million in the first quarter of 2012.

• Net earnings for the first quarter of 2013 were $0.3 million, or $0.01 per diluted share, compared with net earnings of $0.7 million, or $0.03 per diluted share, in the fourth quarter of 2012. Net earnings in the first quarter of 2012 were $3.4 million, or $0.13 per diluted share.

• Cash, cash equivalents and investments were $30.7 million as of March 31, 2013, compared to $28.5 million as of December 31, 2012. As of March 31, 2013, the Company had no debt, and stockholders' equity was $50.8 million.

Jack Abuhoff, the Company's Chairman and CEO, said,"Among the highlights of our content services work this quarter are the continued expansion of both our foreign language and interactive e-book capabilities and a successful project to help a major customer launch its Japanese e-book store. The decline in revenue for the quarter, which was expected, reflects the fluctuations of a project-based business. Our relationships and reputation with leading companies in our industry continue to strengthen, positioning us to take on large projects that can move revenue quickly in the opposite direction.

"From a strategic perspective and for the benefit of our public investors, we are investing significantly in building our new IADS segment and its Synodex medical data analytics subsidiary which we believe may provide more predictable revenue. In 2012, we invested about $9.5 million in Synodex consisting of $7.5 million in operating expenses and $2.0 million in capital expense, and our net earnings for the first quarter takes into account $1.1 million of Synodex pre-operating cost, net of revenue. After about six months of marketing, we have a significant "pipeline" of active prospects for our Synodex business, which includes several of the largest insurance and reinsurance companies. Even more importantly, we announced earlier this month that one of our first quarter pilots resulted in a two-year contract with a Fortune 1000 company. With a large addressable market, we believe this win is a proof of concept and a powerful indication that meaningful revenue may lie in front of us."

Abuhoff added,"We are forecasting second quarter revenue to be in a range of $15.5 million to $17 million."

Timing of Conference Call with Q&A

Innodata will conduct an earnings conference call, including a question-and-answer period, at 11:00 AM eastern time today. You can participate in this call by dialing the following call-in numbers:

The call-in numbers for the conference call are:
1-888-417-8516 (Domestic)
1-719-457-2627 (International)

1-888-203-1112 (Domestic Replay)
1-719-457-0820 (International Replay)

Pass code on both: 7761757

Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of innodata.com. Please note that the Webcast feature will be in listen-only mode.

Call-in or Webcast replay will be available for 30 days following the conference call.

About Innodata
Innodata (innodata.com) is a leading provider of business process, information technology and professional services to publishers, information providers, and other enterprises that are focused on digital enablement. Clients include leading media, publishing and information services companies, as well as enterprises that are prominent in information technology, manufacturing, aerospace, defense, financial services, government, healthcare, insurance, intelligence, manufacturing and law.

Recent Innodata honors include Content Magazine's EContent 100, KMWorld Magazine's 100 Companies That Matter in Knowledge Management, the International Association of Outsourcing Professionals' (IAOP) Global Outsourcing Top 100, D&B India's Leading ITeS and BPO Companies and the Black Book of Outsourcing's Top List of Leading Outsourcing Providers to the Printing and Publishing Business.

Headquartered in the New York metro area, Innodata has offices and operations in the United States, the United Kingdom, Israel, India, Sri Lanka, and the Philippines.

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "project," "head start," "believe," "expect," "should," "anticipate," "indicate," "point to," "forecast," "likely" and other similar expressions generally identify forward-looking statements, which speak only as of their dates.

These forward-looking statements are based largely on our current expectations, and are subject to a number of risks and uncertainties, including without limitation, that contracts could be terminated by customers, projected or committed volumes of work may not materialize; that our Innodata Advanced Data Solutions segment has not reported any substantial revenues to date and is subject to the risks and uncertainties of early-stage companies; the primarily at-will nature of the contracts with our customers and the ability of customers to reduce, delay or cancel projects; continuing Content Services revenue concentration in a limited number of customers; continuing Content Services reliance on project-based work; inability to replace projects that are completed, cancelled or reduced; depressed market conditions; changes in external market factors; the ability and willingness of our customers and prospective customers to execute business plans which give rise to requirements for digital content and professional services in knowledge processing; difficulty in integrating and deriving synergies from acquisitions, joint venture and strategic investments; potential undiscovered liabilities of companies that we acquire; changes in our business or growth strategy; the emergence of new or growing competitors; various other competitive and technological factors; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission.

We undertake no obligation to update or review any guidance or changes in status of customer contracts, client relationships, or other forward-looking information, whether as a result of new information, future developments or otherwise. Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this release will occur.

Media Contact
Stanley or Andrew Berger - SM Berger & Company
P: 216-464-6400

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Innodata Isogen, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


Innodata Reports First Quarter 2013 Results

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Innodata, Inc. |
Publisher Contact: Raj Jain - Innodata.com 
201-371-8024 rjain[.]innodata.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Innodata Isogen, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Innodata Isogen, Inc. / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities
The Recorder Expands Daily Digital News Platform

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)