This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Innodata Isogen Reports Third Quarter 2010 Results

INNODATA ISOGEN, INC. (NASDAQ: INOD), today reported results for the third quarter ended September 30, 2010 and the first nine months of 2010.

  • Total revenue was $15.8 million in the third quarter of 2010, up 2% from $15.4 million in the second quarter of 2010, and down 15% from $18.5 million in the third quarter of 2009.
  • Net income for the third quarter of 2010 was $0.3 million, or $0.01 per diluted share, compared to a net loss of ($0.9 million), or ($0.03) per diluted share in the second quarter of 2010, and net income of $1.3 million, or $0.05 per diluted share in the third quarter of 2009.
  • In the first nine months of 2010, revenue was $46.6 million, down 23% from revenue of $60.5 million in the first nine months of 2009. Net loss in the first nine months of 2010 was $2.0 million, or $0.08 per diluted share, compared to net income of $8.0 million, or $0.32 per diluted share, in the first nine months of 2009.
  • The company’s balance sheet continues to be strong with $28.6 million of cash and cash equivalents and investments as of September 30, 2010, compared to $27.0 million as of June 30, 2010.
  • Innodata Isogen repurchased approximately 140,000 shares of its common stock during the third quarter of 2010 at a total cost of approximately $0.4 million.

"We’re seeing greater levels of activity in our core markets as publishers and information services companies rebound from a difficult environment, embrace new digital strategies and focus on operational excellence," said Jack Abuhoff, Chairman and CEO. "The significant investments we’ve made in new services and capabilities during this time are clearly taking root within our customer base, enabling Innodata Isogen to serve as a key strategic partner in their efforts.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,960.57 -123.23 -0.72%
S&P 500 1,978.34 -9.64 -0.48%
NASDAQ 4,449.5640 -22.5440 -0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs