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<SEC-DOCUMENT>0001157523-07-004941.txt : 20070510
<SEC-HEADER>0001157523-07-004941.hdr.sgml : 20070510
<ACCEPTANCE-DATETIME>20070510084825
ACCESSION NUMBER:		0001157523-07-004941
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070510
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070510
DATE AS OF CHANGE:		20070510

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:		07834981

	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>a5399878.txt
<DESCRIPTION>INNODATA ISOGEN, INC. 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: May 10, 2007

                       (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 May 10, 2007, Innodata Isogen, Inc. issued a press release announcing
its first quarter 2007 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 May 10, 2007.



<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:  May 10, 2007                          By:  /s/ Steven L. Ford
                                                  ------------------------------
                                                  Steven L. Ford
                                                  Executive Vice President
                                                  and Chief Financial Officer



<PAGE>


                            INDEX TO EXHIBITS
                            -----------------


Exhibit No.                                 Description
- -----------       --------------------------------------------------------------
    99.1          Press Release of Innodata Isogen, Inc., dated May 10, 2007,
                  reporting first quarter 2007 financial results.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5399878ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

          Innodata Isogen Reports First Quarter 2007 Results

    --  Revenues Up 24% from 2006 First Quarter

    NEW YORK--(BUSINESS WIRE)--May 10, 2007--INNODATA ISOGEN, INC.
(NASDAQ: INOD), a leading provider of content-related IT and BPO
solutions, today announced revenues of $12,729,000 for the three
months ended March 31, 2007, up 24% from revenues of $10,285,000 in
the first quarter of 2006.

    The company reported a net loss of $643,000, or $0.03 per diluted
share, for the first quarter of 2007, versus a net loss of $1,346,000
or $0.06 per diluted share, for the first quarter of 2006.

    For the second quarter of 2007, the company expects to achieve an
approximately 50% increase in revenues over the second quarter of
2006, and it anticipates that its financial performance will continue
to improve in the second half of 2007. Based on business that the
company has secured to date, 2007 revenues could potentially exceed
2006 revenues by more than 20%.

    Jack Abuhoff, chairman and CEO of Innodata Isogen, said, "Our
revamped organizational structure is in full swing and we are
concentrating strongly on expanding our franchise with high-profile
clients."

    Timing of Conference Call with Q&A

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



1-877-704-5378 (Domestic)
1-913-312-1292 (International)

1-888-203-1112 (Domestic Replay)
1-719-457-0820 (International Replay)

Pass code on Replay only: 3696284


    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 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 and
manage 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.

    In addition, Innodata Isogen was also recently ranked as a leading
provider of specialized BPO services by the International Association
of Outsourcing Professionals (IOAP) on its annual Global Outsourcing
100 top list.

    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 "estimate," "believe," "expect," and "anticipate" 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 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 risk 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. We undertake no obligation to update or review any guidance or
other forward-looking information, whether as a result of new
information, future developments or otherwise.



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

                                                       Three Months
                                                           Ended
                                                         March 31,

                                                       2007     2006
                                                     -------- --------

REVENUES                                             $12,729  $10,285
                                                     -------- --------

OPERATING COSTS AND EXPENSES:
  Direct operating expenses                           10,044    8,353
  Selling and administrative expenses                  3,445    3,386
  Interest (income) - net                               (137)    (151)
                                                     -------- --------

         Total                                        13,352   11,588
                                                     -------- --------
LOSS BEFORE PROVISION FOR INCOME TAXES                  (623)  (1,303)

PROVISION FOR INCOME TAXES                                20       43
                                                     -------- --------
NET LOSS                                             $  (643) $(1,346)
                                                     ======== ========

BASIC AND DILUTED LOSS PER SHARE                     $  (.03) $  (.06)
                                                     ======== ========
WEIGHTED AVERAGE SHARES OUTSTANDING                   23,906   24,033
                                                     ======== ========




                INNODATA ISOGEN, INC. AND SUBSIDIARIES
                CONDENSED CONSOLIDATED BALANCE SHEETS
                            (in Thousands)

                                            March 31,    December 31,
                                              2007          2006
                                          ------------- --------------
                                            Unaudited    Derived from
                                                           audited
                                                          financial
                                                          statements
ASSETS

CURRENT ASSETS:
  Cash and equivalents                         $12,462        $13,597
  Accounts receivable-net                        7,893          6,484
  Prepaid expenses and other current
   assets                                        1,657          1,589
  Refundable income taxes                        1,062          1,062
  Deferred income taxes                            213            190
                                          ------------- --------------

      Total current assets                      23,287         22,922

PROPERTY AND EQUIPMENT - NET                     4,562          4,564

OTHER ASSETS                                     1,849          1,912

DEFERRED INCOME TAXES                              256            256

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

TOTAL                                          $30,629        $30,329
                                          ============= ==============

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES:
  Accounts payable                             $ 1,273        $   987
  Accrued expenses                               2,116          2,117
  Accrued salaries, wages and related
   benefits                                      4,715          4,259
  Income and other taxes                         1,448          1,295
  Current portion of long term
   obligations                                     518            632
                                          ------------- --------------

      Total current liabilities                 10,070          9,290

DEFERRED INCOME TAXES                            1,143          1,126

LONG TERM OBLIGATIONS                            1,011            904

STOCKHOLDERS' EQUITY                            18,405         19,009
                                          ------------- --------------


TOTAL                                          $30,629        $30,329
                                          ============= ==============

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