Innodata (INOD) Releases Quarterly Earnings Results

Innodata (NASDAQ:INOD) released its quarterly earnings results on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, Morningstar.com reports. Innodata had a negative return on equity of 5.57% and a negative net margin of 6.59%. The firm had revenue of $14.05 million for the quarter. Innodata updated its Q4 2018 guidance to EPS.

Shares of Innodata stock traded up $0.04 during mid-day trading on Friday, hitting $1.51. 56,438 shares of the stock were exchanged, compared to its average volume of 34,089. Innodata has a twelve month low of $0.88 and a twelve month high of $1.54. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.13.

In other news, major shareholder Nauman Sabeeh Toor purchased 82,137 shares of the firm’s stock in a transaction on Thursday, October 11th. The shares were bought at an average cost of $1.40 per share, with a total value of $114,991.80. Following the purchase, the insider now directly owns 398,821 shares of the company’s stock, valued at $558,349.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 472,001 shares of company stock worth $656,680 over the last ninety days. 13.40% of the stock is owned by corporate insiders.

An institutional investor recently raised its position in Innodata stock. Luzich Partners LLC grew its position in shares of Innodata Inc (NASDAQ:INOD) by 42.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,876,174 shares of the technology company’s stock after purchasing an additional 559,624 shares during the period. Innodata accounts for about 1.8% of Luzich Partners LLC’s investment portfolio, making the stock its 11th largest position. Luzich Partners LLC owned about 7.25% of Innodata worth $1,876,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 22.63% of the company’s stock.

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Innodata Company Profile

Innodata Inc, a digital services and solutions company, provides technology solutions and services worldwide. The company operates through three segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS), and Media Intelligence Solutions (MIS). The DDS segment produces and distributes e-books; develops new digital information products; and provides operational support services for existing digital information products and systems, including content aggregation, extraction, encoding, indexing and abstracting, fabrication, and distribution.

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Earnings History for Innodata (NASDAQ:INOD)

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