This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Innodata Isogen Reports Fourth-Quarter And Full Year 2010 Results

Stocks in this article: INOD

INNODATA ISOGEN, INC. (NASDAQ: INOD), today reported results for the fourth quarter ended December 31, 2010 and fiscal year 2010.

  • Total revenue was $14.9 million for the fourth quarter of 2010, a decline of 6% from the third quarter driven primarily by what the company believed to be a temporary volume decrease in an ongoing engagement. Year-over-year, the fourth quarter was down 8% compared to the fourth quarter of 2009.
  • Net income for the fourth quarter was $1.2 million, or $0.05 per diluted share, compared to net income of $0.3 million, or $0.01 per diluted share in the third quarter of 2010, and a net loss of $0.8 million, or $0.03 per diluted share in the fourth quarter of 2009. The increase in net income largely resulted from certain tax benefits in the period.
  • For the fiscal year ended December 31, 2010, revenue was $61.5 million, down 20% from 2009. The company incurred a net loss in 2010 of $0.7 million, or $0.03 per diluted share, compared to net income of $7.3 million, or $0.28 per diluted share, in 2009.
  • The company’s balance sheet continues to be strong with cash, cash equivalents and investments of $28.0 million as of December 31, 2010, compared to $28.5 million at September 30, 2010.
  • Innodata Isogen repurchased approximately 126,000 shares of its common stock during the fourth quarter of 2010 at a total cost of approximately $0.4 million. During 2010, the company repurchased a total of approximately 264,000 shares at a cost of $0.8 million. Under the company's authorized share repurchase program, an additional $1.3 million remains to be utilized.

“In the fourth quarter, we made progress on several strategic fronts,” said Jack Abuhoff, Chairman and CEO of Innodata Isogen. “We began an important new relationship with Apple to provide online ePublishing services for the iBookstore. Separate from this, we significantly increased our new business bookings relative to the third quarter. In total, the projected value of the new business we booked in the second half of 2010 was more than twice the projected value of the new business we booked in the first half of the year and, significantly, we expect the business we booked in the second half of the year to yield significantly improved margins over the business we booked in the first half of the year.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,660.56 -12.04 -0.07%
S&P 500 2,053.07 +1.25 0.06%
NASDAQ 4,762.2810 +4.4020 0.09%

Partners Compare Online Brokers

Free Reports

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