First Quarter Results
"We experienced higher than expected demand for our eBook services in the first quarter as platform owners continued to make significant investments in their digital inventories," said Jack Abuhoff, the Company`s Chairman and CEO. "We will continue working to extend our eBook services capabilities to stay at the forefront of this market. We will also continue to invest in IADS where we see significant opportunities for more predictable and even growth. We are pleased that IADS has begun to contribute to revenues from pilot projects this quarter, and are enthusiastic about its progress."
Abuhoff concluded, "Our $25.1 million in revenues during the first quarter exceeded our $21 million forecast because of stronger than expected demand. We anticipate that revenues in the second quarter of 2012 will also exceed $21 million but not to the same extent as in the first quarter."
Premium alert sent to members on 2/14/2012
On February 8, 2012 we noted that INOD was gaining steam at $5.00, partly because of its involvement in the E-Book space:
The GeoTeam is taking a closer look at Innodata Isogen (NASDAQ:INOD) due to their positive financial release yesterday. The stock has a social media slant to it that we do not believe the market is fully aware of yet. With a trailing P/E of about 30, the stock is not cheap, but “social media fever” is taking front stage lately, so we initiated a short-term long position. The company has a growing division that works with publishers to convert books to e-book formats.
After performing a little more DD, per INOD’s website, it looks like the company has a unique relationship with Apple (AAPL)
“no company in our competitive set has more experience with EPUB, the key to device-independent interoperability. In fact, Apple has selected Innodata Isogen as just one of two authorized conversion service providers for its mobile platforms, including the iPhone and iPad."
The company has not been overly touting this relationship. We will continue to monitor the story to see if the market will do the touting for it.
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Premium alert sent to members on 2/9/2012
The GeoTeam is taking a closer look at Innodata Isogen (NASDAQ:INOD) $5.12, due to their positive financial release yesterday. The stock has a soical media slant to it that we do not believe the market is fully aware of yet. With a trailing P/E of about 30, the stock is not cheap, but "social media fever" is taking front stage lately, so we initiated a short-term long position. The company has a growing division that works with publishers to convert books to e-book format.
Fourth Quarter 2011 Results
“In 2011, we succeeded at growing revenue by 20% and turning a 2010 pre-tax loss of $1.2 million to 2011 pre-tax earnings of $5.3 million, all the while making an investment of $2.7 million in operating expenses and $2 million in capital expenditures in our IADS division,” stated Jack Abuhoff, the Company’s Chairman and CEO. “Our IADS investment has enabled us to build a platform and service capability to provide high quality advanced data analytics to healthcare, financial, and insurance sectors for risk management and related business operations. We expect that IADS will begin contributing to revenue during the first half of 2012.”
Abuhoff concluded, “Our business in 2012 is off to a good start. We’re anticipating revenue for the first quarter of 2012 to be approximately $21.0 million.”
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