$INOD
INNODATA INC

2016 Q1 Form 10-Q Financial Statement

#000114420416100531 Filed on May 10, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $15.70M $13.80M
YoY Change 13.74% -1.88%
Cost Of Revenue $11.47M $11.13M
YoY Change 3.05% 8.16%
Gross Profit $4.233M $2.677M
YoY Change 58.12% -29.09%
Gross Profit Margin 26.97% 19.4%
Selling, General & Admin $3.811M $4.135M
YoY Change -7.84% 9.13%
% of Gross Profit 90.03% 154.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $652.0K $727.0K
YoY Change -10.32% 2.11%
% of Gross Profit 15.4% 27.16%
Operating Expenses $3.811M $4.135M
YoY Change -7.84% 9.13%
Operating Profit $422.0K -$1.458M
YoY Change -128.94% 10314.29%
Interest Expense -$13.00K $30.00K
YoY Change -143.33% 200.0%
% of Operating Profit -3.08%
Other Income/Expense, Net
YoY Change
Pretax Income $409.0K -$1.432M
YoY Change -128.56% 28540.0%
Income Tax $518.0K $554.0K
% Of Pretax Income 126.65%
Net Earnings $3.000K -$1.840M
YoY Change -100.16% -1073.54%
Net Earnings / Revenue 0.02% -13.33%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$72.61K
COMMON SHARES
Basic Shares Outstanding 25.45M shares 25.34M shares
Diluted Shares Outstanding 25.57M shares 25.34M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.39M $25.42M
YoY Change -0.12% -12.83%
Cash & Equivalents $25.39M $25.42M
Short-Term Investments
Other Short-Term Assets $3.350M $2.880M
YoY Change 16.32% 23.08%
Inventory
Prepaid Expenses
Receivables $10.32M $8.341M
Other Receivables $0.00 $0.00
Total Short-Term Assets $39.06M $36.64M
YoY Change 6.6% -8.39%
LONG-TERM ASSETS
Property, Plant & Equipment $4.520M $5.585M
YoY Change -19.07% -12.68%
Goodwill $1.531M $1.552M
YoY Change -1.35% 129.93%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.620M $2.693M
YoY Change 34.42% -32.18%
Total Long-Term Assets $13.79M $15.96M
YoY Change -13.62% 29.98%
TOTAL ASSETS
Total Short-Term Assets $39.06M $36.64M
Total Long-Term Assets $13.79M $15.96M
Total Assets $52.85M $52.61M
YoY Change 0.46% 0.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.160M $1.756M
YoY Change 23.01% 64.73%
Accrued Expenses $8.070M $3.242M
YoY Change 148.92% 42.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.450M $1.355M
YoY Change 7.01% 27.83%
Total Short-Term Liabilities $12.94M $11.91M
YoY Change 8.62% 21.49%
LONG-TERM LIABILITIES
Long-Term Debt $3.590M $5.336M
YoY Change -32.72% 1.56%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.590M $5.336M
YoY Change -32.72% 1.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.94M $11.91M
Total Long-Term Liabilities $3.590M $5.336M
Total Liabilities $13.91M $17.25M
YoY Change -19.36% 14.54%
SHAREHOLDERS EQUITY
Retained Earnings $17.93M $18.91M
YoY Change -5.2% -13.7%
Common Stock $270.0K $268.0K
YoY Change 0.75% 0.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $4.488M $4.288M
YoY Change 4.66% 0.0%
Treasury Stock Shares 1.624M shares 1.544M shares
Shareholders Equity $38.95M $37.65M
YoY Change
Total Liabilities & Shareholders Equity $52.85M $52.61M
YoY Change 0.47% 0.63%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $3.000K -$1.840M
YoY Change -100.16% -1073.54%
Depreciation, Depletion And Amortization $652.0K $727.0K
YoY Change -10.32% 2.11%
Cash From Operating Activities $730.0K $2.060M
YoY Change -64.56% -52.42%
INVESTING ACTIVITIES
Capital Expenditures $153.0K $186.0K
YoY Change -17.74% -75.75%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$150.0K -$190.0K
YoY Change -21.05% -75.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $190.0K $482.0K
YoY Change -60.58% 2310.0%
Cash From Financing Activities -190.0K -480.0K
YoY Change -60.42% -157.14%
NET CHANGE
Cash From Operating Activities 730.0K 2.060M
Cash From Investing Activities -150.0K -190.0K
Cash From Financing Activities -190.0K -480.0K
Net Change In Cash 390.0K 1.390M
YoY Change -71.94% -68.41%
FREE CASH FLOW
Cash From Operating Activities $730.0K $2.060M
Capital Expenditures $153.0K $186.0K
Free Cash Flow $577.0K $1.874M
YoY Change -69.21% -47.4%

Facts In Submission

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487000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
487000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
472000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
422000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1769000 USD
CY2016Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-55000 USD
CY2015Q1 us-gaap Goodwill
Goodwill
1552000 USD
CY2015Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
83000 USD
CY2016Q1 dei Document Type
DocumentType
10-Q
CY2016Q1 dei Amendment Flag
AmendmentFlag
false
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
INNODATA INC
CY2016Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000903651
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2016Q1 dei Trading Symbol
TradingSymbol
INOD
CY2016Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
25445071 shares
CY2016Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Use of Estimates</b>-In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include those related to revenue recognition, allowance for doubtful accounts and billing adjustments, long-lived assets, intangible assets, goodwill, valuation of deferred tax assets, valuation of securities underlying stock-based compensation, litigation accruals, pension benefits, purchase price allocation of the assets acquired in the acquisition of MediaMiser and Bulldog Reporter, valuation of derivative instruments and estimated accruals for various tax exposures.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q4 us-gaap Goodwill
Goodwill
1635000 USD
CY2016Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4124000 USD
CY2016Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
500000 USD
CY2015Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
500000 USD
CY2015Q2 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
300000 USD
CY2016Q1 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
43435000 USD
CY2015Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
42700000 USD
CY2016Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2016Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2015Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
75000000 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27069000 shares
CY2016Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
27069000 shares
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
25445000 shares
CY2015Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
25445000 shares
CY2016Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
1624000 shares
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1624000 shares
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
279000 USD
CY2015Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
285000 USD
CY2016Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
2000000 USD
CY2016Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P28M
CY2016Q1 us-gaap Direct Operating Costs
DirectOperatingCosts
11465000 USD
CY2015Q1 us-gaap Direct Operating Costs
DirectOperatingCosts
11125000 USD
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3811000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4135000 USD
CY2016Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-13000 USD
CY2015Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
26000 USD
CY2016Q1 us-gaap Costs And Expenses
CostsAndExpenses
15289000 USD
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
15234000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
409000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1432000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
518000 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
554000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-112000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-146000 USD
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.00
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.07
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
82000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-10000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
439000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
506000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-356000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
539000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
713000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-23000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
604000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2009000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-112000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-146000 USD
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
716000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1863000 USD
CY2015Q4 us-gaap Long Term Debt
LongTermDebt
5018000 USD
CY2016Q1 us-gaap Long Term Debt
LongTermDebt
5041000 USD
CY2014 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1205000 USD
CY2016Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
260000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
39223000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
37645000 USD
CY2015Q4 us-gaap Noncurrent Assets
NoncurrentAssets
10186000 USD
CY2016Q1 us-gaap Noncurrent Assets
NoncurrentAssets
10170000 USD
CY2016Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD

Files In Submission

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0001144204-16-100531-index.html Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
inod-20160331.xml Edgar Link completed
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