Innodata Inc. (NASDAQ:INOD) Q1 2022 Results Conference Call May 12, 2022 5:00 PM ET
Company Participants
Amy Agress - Vice Presidnt and General Counsel
Jack Abuhoff - President and Chief Executive Officer
Marissa Espineli - Interim Chief Financial Officer
Conference Call Participants
Tim Clarkson - Van Clemens & Co
Dana Buska - Feltl
Operator
Good day, ladies and gentlemen and thank you all for joining us for this Innodata First Quarter 2022 Earnings Conference Call. As a reminder, all phone participants are in a listen-only mode. But after today’s prepared remarks you will have the opportunity to ask questions. [Operator Instructions] As a reminder, today’s session is being recorded.
And now for opening remarks and introductions, I’m please to turn the floor over to Amy Agress. Please go ahead.
Amy Agress
Thank you, Jim. Good morning, everyone. Thank you for joining us today. Our speakers today are Jack Abuhoff, CEO of Innodata; and Marissa Espineli, Interim CFO. We will hear from Jack first, who will provide perspective about the business, and then Marissa will follow with a review of our results for the first quarter. We will then take your questions.
First, let me qualify the Forward-Looking Statements that are made during the call. These statements are being made pursuant to the Safe Harbor provisions of Section 21E of the Securities Exchange Act of 1934 as amended and Section 27A of the Securities Act of 1933 as amended. Forward-looking statements include, without limitation, any statements that may predict, forecast, indicate or imply future results, performance or achievements.
These statements are based on management’s current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including without limitation, the expected
or potential effects of the novel coronavirus COVID-19 pandemic and the responses of governments, the general global population, our customers, and the company thereto; impacts resulting from the rapidly evolving conflict between Russia and Ukraine; that contracts may be terminated by customers; projected or committed volumes of work may not materialize; acceptance of our new capabilities.
Continuing Digital Data Solutions segment reliance on project-based work and the primarily at-will nature of such contracts and the ability of these clients to reduce, delay or cancel projects; the likelihood of continued development of the markets, particularly new and emerging markets that our services support.
Continuing Digital Data Solutions segment revenue concentration in a limited number of clients; potential inability to replace projects that are completed, canceled or reduced; our dependency on content providers in our agility segment, continue downturn in or depress market condition, whether as a result of the COVID-19 pandemic or otherwise.