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Exhibit 99.1 Innodata . Innodata Reports Second Quarter 2021 Results Revenue up 23 percent from the year - ago quarter AI - based solutions and industry platforms driving growth NEW YORK - August 5 , 2021 – INNODATA INC . ( NASDAQ : INOD ) today reported results for the second quarter ended June 30 , 2021 . Revenue for the quarter ended June 30 , 2021 was $ 17.0 million , up 23 % year over year . Net loss for the quarter ended June 30 , 2021 was $ 0.1 million , or $ 0.00 per basic and diluted share , versus a net loss of $ 0.5 million , or $ 0.02 per basic and diluted share , in the year - ago quarter . Revenue for the first six months of 2021 was $ 33.0 million , up 16 % from the year - ago period . Net income for the first six months of 2021 was $ 0.3 million , or $ 0.01 per basic and diluted share , versus a net loss of $ 0.8 million , or $ 0.03 per basic and diluted share , in the year - ago period . Cash and cash equivalents were $ 22.1 million at June 30 , 2021 up from $ 17.6 million at December 31 , 2020 . Amounts in this press release have been rounded . All percentages have been calculated using unrounded amounts . Jack Abuhoff , CEO , said , " We're pleased to be reporting a strong growth quarter . As a result of strong first - half bookings and late - stage pipeline opportunities , we anticipate continuing to achieve 20 % or more year over year growth in the remaining quarters of the year . Moreover , we expect growth to accelerate in the second half of 2021 over the first half of 2021 with continued acceleration in 2022 driven by expansions in business from new and recently - won customers and pipeline growth as our expanding salesforce becomes fully productive . “ Operationally , we are executing very well . We have reduced structural costs by $ 6 million since the end of 2019 and this quarter our incremental revenues provided 78 % gross margin reflecting the operating leverage in our business , allowing us to aggressively invest internally generated cash flow in short payback sales and marketing as well as product enhancement initiatives that we anticipate will lead to continued growth . " We believe we are proving to be an indispensable partner to organizations - from Silicon Valley big tech to Fortune 500s to venture - funded AI start - ups – which seek to embrace artificial intelligence to modernize or streamline processes or to deliver fundamentally new experiences . We believe that AI implementations will significantly increase over the next several years , providing us with an exciting strategic path . ”