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INNODATA ISOGEN, INC.
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.
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.
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