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<SEC-DOCUMENT>0001157523-05-007336.txt : 20050811
<SEC-HEADER>0001157523-05-007336.hdr.sgml : 20050811
<ACCEPTANCE-DATETIME>20050811082545
ACCESSION NUMBER:		0001157523-05-007336
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050811
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050811
DATE AS OF CHANGE:		20050811

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INNODATA ISOGEN INC
		CENTRAL INDEX KEY:			0000903651
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				133475943
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1216

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22196
		FILM NUMBER:		051015110

	BUSINESS ADDRESS:	
		STREET 1:		THREE  UNIVERSITY PLAZA
		STREET 2:		SUITE 506
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07601
		BUSINESS PHONE:		201 488 1200

	MAIL ADDRESS:	
		STREET 1:		THREE UNIVERSITY PLAZA
		STREET 2:		SUITE 506
		CITY:			HACKENSACK
		STATE:			NJ
		ZIP:			07601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INNODATA CORP
		DATE OF NAME CHANGE:	19930505
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a4950907.txt
<DESCRIPTION>INNODATA ISOGEN, INC.
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION


                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                         Date of Report: August 11, 2005

                       (Date of earliest event reported):


                              INNODATA ISOGEN, INC.
             (Exact name of registrant as specified in its charter)


            Delaware                    0-22196              13-3475943
- ------------------------------- ------------------------ --------------------
(State or other jurisdiction of (Commission File Number)  (I.R.S. Employer
         incorporation)                                   Identification No.)


           Three University Plaza                                 07601
            Hackensack, NJ 07601                                (Zip Code)
  (Address of principal executive offices)


                          (201) 488-1200 (Registrant's
                     telephone number, including area code)

                                       N/A
          (Former name or former address, if changed since last report)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

     |_|  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     |_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))


<PAGE>


Item 2.02  Results of Operations and Financial Condition.

     On August 11, 2005, Innodata Isogen, Inc. issued a press release announcing
its second quarter 2005 financial results. A copy of the press release is
attached hereto as Exhibit 99.1.

       In accordance with General Instruction B.2 of Form 8-K, the information
in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed
to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), or otherwise subject to the liability of that
section, and shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act of 1933, as amended,
or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.


Item 9.01  Financial Statements and Exhibits.


99.1 Press release dated August 11, 2005.



<PAGE>



                                   SIGNATURES

       Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
                                          INNODATA ISOGEN, INC.



Date:  August 11, 2005                       By:
                                                  Stephen Agress
                                                 ---------------------------
                                                  Stephen Agress
                                                  Vice President, Finance


<PAGE>


                            INDEX TO EXHIBITS


Exhibit No.  Description
- ----------   -----------
   99.1      Press Release of Innodata Isogen, Inc., dated August 11, 2005,
             reporting second quarter 2005 financial results.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a4950907ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

          Innodata Isogen Reports Second Quarter 2005 Results


    NEW YORK--(BUSINESS WIRE)--Aug. 11, 2005--INNODATA ISOGEN, INC.
(NASDAQ: INOD), a leading provider of content supply chain solutions,
today reported a net loss of $517,000, or $.02 per diluted share, for
the second quarter of 2005, versus net income of $1,577,000, or $0.06
per diluted share, for the second quarter of 2004.
    In the first six months of 2005, the company lost $218,000, or
$0.01 per diluted share. Over the same period in 2004, the company
earned $3,657,000, or $0.15 per diluted share.
    Revenues were $10,110,000 in the second quarter of 2005, down from
revenues of $12,354,000 in the second quarter of 2004; and revenues
were $21,300,000 for the six months ending June 30, 2005, down from
$24,511,000 for the same period last year.
    Innodata Isogen's cash and equivalents were approximately $23
million at June 30, 2005 and the company carries virtually no debt
other than routine payables.
    Innodata Isogen attributed the results primarily to the
unscheduled termination of a large project in the first six months of
2005 without sufficient replacement by other revenues.
    "These results are disappointing, especially in light of several
quarters of strong, sustained profitability," said Jack Abuhoff,
chairman and CEO of Innodata Isogen. "As we gear up to turn our
results around, our position as a leading provider in an attractive,
growing market is an important asset.
    "We will continue to invest wisely to grow our business -
especially in the areas of sales, business and product development and
solutions engineering - and we're confident that these investments
will bear fruit in the coming year."
    The company recently hired a new vice president of sales and
solutions, Tim Christin (formerly director of enterprise sales at
Bowne Global Solutions), and is planning to introduce a significant
new content services offering in the second half of 2005.
    Abuhoff said he anticipates the company's financial results will
be down slightly next quarter as well, but remains optimistic the
company will see an improvement in the fourth quarter.

    Timing of Conference Call with Q&A

    Innodata Isogen will conduct an investor conference call,
including a question & answer period, at 11:00 AM ET today. Interested
parties can participate in this call by dialing the following call-in
numbers:

    1-800-289-0743 (Domestic)

    1-913-981-5546 (International)

    Replays will also be made available at:

    1-888-203-1112 (Domestic Replay)

    1-719-457-0820 (International Replay)

    (Pass code on Replay only: 3975445)

    Investors are also invited to access a live Webcast of the
conference call at the Investor Relations section of
www.innodata-isogen.com. Please note that the Webcast feature will be
in a listen-only mode. Call-in or Webcast replay will be available for
30 days following the conference call.

    About Innodata Isogen

    Innodata Isogen (www.innodata-isogen.com) provides business and
technology services that help organizations create, manage and
distribute information more effectively and economically. We are
headquartered in Hackensack, New Jersey, just outside of New York
City. We have two additional solution centers in North America, seven
production facilities in Asia (the Philippines, India and Sri Lanka)
and a technology and tools development center in India.

    This release contains certain forward-looking statements,
including without limitation, statements concerning the company's
operations, economic performance, and financial condition. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
The words "believe," "expect," "anticipate," "indicate," "point to"
and other similar expressions generally identify forward-looking
statements, which speak only as of their dates.
    These forward-looking statements are based largely on the
company's current expectations, and are subject to a number of risks
and uncertainties, including without limitation, continuing revenue
concentration in a limited number of clients, continuing reliance on
project-based work, worsening of market conditions, changes in
external market factors, the ability and willingness of our clients
and prospective clients to execute business plans which give rise to
requirements for digital content and professional services in
knowledge processing, difficulty in integrating and deriving synergies
from acquisitions, potential undiscovered liabilities of companies
that we acquire, changes in our business or growth strategy, the
emergence of new or growing competitors, various other competitive and
technological factors, and other risks and uncertainties indicated
from time to time in the company's filings with the Securities and
Exchange Commission.
    Actual results could differ materially from the results referred
to in the forward-looking statements. In light of these risks and
uncertainties, there can be no assurance that the results referred to
in the forward-looking statements contained in this release will
occur.


                INNODATA ISOGEN, INC., AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
               (In thousands, except per share amounts)
                              (Unaudited)

                                     Three Months
                                         Ended       Six Months Ended
                                   ----------------- -----------------
                                        June 30           June 30
                                   ----------------- -----------------
                                     2005     2004     2005     2004
                                   -------- -------- -------- --------

REVENUES                           $10,110  $12,354  $21,300  $24,511
                                   -------- -------- -------- --------

OPERATING COSTS AND EXPENSES:
 Direct operating expenses           7,497    7,859   15,700   15,634
 Selling and administrative
  expenses                           3,406    2,413    6,090    4,667
 Bad debt recovery - net                 -        -        -     (963)
 Interest (income) expense - net      (114)       -     (195)       1
                                   -------- -------- -------- --------
     Total                          10,789   10,272   21,595   19,339
                                   -------- -------- -------- --------
(LOSS) INCOME BEFORE (BENEFIT FROM)
  PROVISION FOR INCOME TAXES          (679)   2,082     (295)   5,172

(BENEFIT FROM) PROVISION FOR INCOME
 TAXES                                (162)     505      (77)   1,515
                                   -------- -------- -------- --------
NET (LOSS) INCOME                    $(517)  $1,577    $(218)  $3,657
                                   ======== ======== ======== ========

BASIC (LOSS) INCOME PER SHARE        $(.02)    $.07    $(.01)    $.17
                                   ======== ======== ======== ========
WEIGHTED AVERAGE SHARES OUTSTANDING 22,903   22,145   22,798   22,049
                                   ======== ======== ======== ========

DILUTED (LOSS) INCOME PER SHARE      $(.02)    $.06    $(.01)    $.15
                                   ======== ======== ======== ========
DILUTIVE SHARES OUTSTANDING         22,903   24,433   22,798   24,480
                                   ======== ======== ======== ========

                INNODATA ISOGEN, INC., AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED BALANCE SHEETS
                            (In thousands)
                                                             December
                                                   June 30,    31,
                                                     2005     2004
                                                  --------------------
                                                  Unaudited   From
                                                             audited
                                                           financial
                                                           statements
ASSETS:

CURRENT ASSETS
Cash and equivalents                               $22,945    $20,663
Accounts receivable-net                              5,979      8,019
Prepaid expenses and other current assets            2,009      1,757
Deferred income taxes                                  385        645
                                                  --------------------
       Total current assets                         31,318     31,084

PROPERTY AND EQUIPMENT - NET                         4,511      4,559

OTHER ASSETS                                         1,609        893

GOODWILL                                               675        675
                                                  --------------------
TOTAL                                              $38,113    $37,211
                                                  ====================

LIABILITIES AND STOCKHOLDERS' EQUITY:

CURRENT LIABILITIES
Accounts payable and accrued expenses               $3,248     $3,412
Accrued salaries, wages and related benefits         3,363      3,979
Income and other taxes                                 810      1,304
Current portion of long-term obligations               980        180
                                                  --------------------

       Total current liabilities                     8,401      8,875

DEFERRED INCOME TAXES                                1,432      1,449

LONG-TERM OBLIGATIONS                                  848        150

STOCKHOLDERS' EQUITY                                27,432     26,737
                                                  --------------------

TOTAL                                              $38,113    $37,211
                                                  ====================


    CONTACT: Innodata Isogen
             Al Girardi, 201-488-1200, ext. 5392
             agirardi@innodata-isogen.com

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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