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<SEC-DOCUMENT>0001157523-06-010709.txt : 20061102
<SEC-HEADER>0001157523-06-010709.hdr.sgml : 20061102
<ACCEPTANCE-DATETIME>20061102082423
ACCESSION NUMBER:		0001157523-06-010709
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061102
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20061102
DATE AS OF CHANGE:		20061102

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:		061180783

	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>a5264735.txt
<DESCRIPTION>INNODATA ISOGEN, 8-K
<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: November 2, 2006

                       (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 November 2, 2006, Innodata Isogen, Inc. issued a press release
announcing its third quarter 2006 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 November 2, 2006.



<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:  November 2, 2006                               By:
                                                        /s/Steven Ford
                                                        ------------------------

                                                        Steven L. Ford
                                                        Executive Vice President
                                                        Chief Financial Officer



<PAGE>

                                INDEX TO EXHIBITS


 Exhibit No.                             Description
- -------------    ---------------------------------------------------------------
    99.1         Press Release of Innodata Isogen, Inc., dated November 2, 2006,
                 reporting third quarter 2006 financial results.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5264735ex99_1.txt
<DESCRIPTION>INNODATA ISOGEN, EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

          Innodata Isogen Reports Third Quarter 2006 Results


    NEW YORK--(BUSINESS WIRE)--Nov. 2, 2006--INNODATA ISOGEN, INC.
(NASDAQ: INOD), a leading provider of content supply chain solutions,
today reported a net loss of $2,196,000 or $.09 per diluted share for
the third quarter of 2006, versus a net loss of $875,000 or $.04 per
diluted share, for the third quarter of 2005. The net loss in the
third quarter of 2006 included a restructuring charge of $554,000.

    For the first nine months of 2006, the company lost $6,494,000,
inclusive of the $554,000 third quarter restructuring charge, or $.27
per diluted share. For the same period in 2005, the company lost
$1,093,000, or $.05 per diluted share.

    Revenues were $10,400,000 in the third quarter of 2006, up from
revenues of $9,647,000 in the third quarter of 2005; and revenues were
$30,406,000 for the nine months ended September 30, 2006, down from
$30,947,000 for the same period last year.

    Innodata Isogen's cash and equivalents were approximately
$15,284,000 at September 30, 2006 and the company carries virtually no
debt.

    "We anticipate seeing continued sequential improvement in our
bottom line next quarter, due to a lower cost structure and a revenue
level that we anticipate will approximate that of the third quarter,"
said Jack Abuhoff, chairman and CEO of Innodata Isogen. "We are
continuing to invest in our sales team, expanding its size and
enhancing its capabilities to help drive revenue growth."

    In accordance with a share repurchase plan announced in August,
2006, the company purchased 170,962 shares of its common stock on the
open market at a cost of $298,000, including commissions, during the
third quarter of 2006. The company intends to continue open market
purchases during the fourth quarter of 2006.

    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:

1-800-817-4887 (Domestic)
1-913-981-4913 (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: 2797604

    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 (NASDAQ: INOD) helps organizations create, manage
and distribute information more effectively and economically,
providing a comprehensive range of content-focused IT and BPO services
to solve information management and publishing challenges.

    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.

    Innodata Isogen (www.innodata-isogen.com) is named to both
EContent magazine's EContent 100 and KMWorld magazine's 100 Companies
That Matter In Knowledge Management. KMWorld also recognized the
unique value of Innodata Isogen's comprehensive content supply chain
solutions in its Trend-Setting Products of 2006 annual honors.

    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, continuation or
worsening of present depressed market conditions, changes in external
market factors, the ability and willingness of the company's 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 Innodata Isogen acquires, changes in the company's 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   Nine Months Ended
                               ------------------- -------------------
                                  September 30        September 30
                               ------------------- -------------------
                                 2006      2005      2006      2005
                               --------- --------- --------- ---------
REVENUES                       $ 10,400  $  9,647  $ 30,406  $ 30,947
                               --------- --------- --------- ---------

OPERATING COSTS AND EXPENSES:
  Direct operating expenses       8,851     7,272    25,749    22,972
  Selling and administrative
   expenses                       3,347     3,677    10,900     9,767
  Restructuring costs               554         -       554         -
  Interest (income) - net          (192)     (114)     (504)     (309)
                               --------- --------- --------- ---------

  Total                          12,560    10,835    36,699    32,430
                               --------- --------- --------- ---------
LOSS BEFORE PROVISION FOR
 (BENEFIT FROM)
  INCOME TAXES                   (2,160)   (1,188)   (6,293)   (1,483)

PROVISION FOR (BENEFIT FROM)
 INCOME TAXES                        36      (313)      201      (390)
                               --------- --------- --------- ---------
NET LOSS                       $ (2,196) $   (875) $ (6,494) $ (1,093)
                               ========= ========= ========= =========

BASIC AND DILUTED LOSS PER
 SHARE                         $   (.09) $   (.04) $   (.27) $   (.05)
                               ========= ========= ========= =========
WEIGHTED AVERAGE SHARES
 OUTSTANDING                     24,050    23,165    24,057    22,922
                               ========= ========= ========= =========


               INNODATA ISOGEN, INC., AND SUBSIDIARIES
                CONDENSED CONSOLIDATED BALANCE SHEETS
                            (In thousands)

                                           September 30, December 31,
                                               2006          2005
                                           ------------- -------------
                                             Unaudited   From audited
                                                          financial
                                                           statements
ASSETS:

CURRENT ASSETS
  Cash and equivalents                     $     15,284  $     20,059
  Accounts receivable-net                         5,961         7,169
  Prepaid expenses and other current
   assets                                         1,801         1,543
  Refundable income taxes                         1,266         1,215
  Deferred income taxes                             104           338
                                           ------------- -------------

     Total current assets                        24,416        30,324

PROPERTY AND EQUIPMENT - NET                      4,932         4,823

OTHER ASSETS                                      1,783         1,789

GOODWILL                                            675           675
                                           ------------- -------------

TOTAL                                      $     31,806  $     37,611
                                           ============= =============


LIABILITIES AND STOCKHOLDERS' EQUITY:

CURRENT LIABILITIES
  Accounts payable and accrued expenses    $      3,332  $      3,299
  Accrued salaries, wages and related
   benefits                                       4,633         3,567
  Income and other taxes                          1,339         1,363
  Current portion of long-term obligations          637           663
                                           ------------- -------------

     Total current liabilities                    9,941         8,892

DEFERRED INCOME TAXES                             1,122         1,357

LONG-TERM OBLIGATIONS                               152           548

STOCKHOLDERS' EQUITY                             20,591        26,814
                                           ------------- -------------

TOTAL                                      $     31,806  $     37,611
                                           ============= =============


    CONTACT: Innodata Isogen
             Steven L. Ford, 201-371-2510
             sford@innodata-isogen.com
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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