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Innodata (INOD)
NASDAQ:INOD
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -6.96%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with record-breaking revenue growth and improved margins. The company is well-positioned in the AI market, anticipating further growth driven by investments from big tech companies. However, there are concerns about maintaining margins and the reliance on external big tech investments.Company Guidance
The guidance provided during the Innodata conference call indicated a strong performance and optimistic outlook for 2025. For the fourth quarter of 2024, Innodata reported a revenue of $59.2 million, marking a 127% year-over-year increase, and an adjusted EBITDA of $14.1 million, representing 23.9% of revenue, a 231% increase from the previous year. For the full fiscal year 2024, revenue reached $170.5 million, up 96% from 2023, with an adjusted EBITDA of $34.6 million, or 20.3% of revenue, reflecting a 250% year-over-year rise. The company ended the year with $46.9 million in cash, significantly up from $13.8 million at the end of 2023, and maintained an undrawn $30 million credit facility. Looking ahead, Innodata forecasts a revenue growth of 40% or more for 2025, following a strategy of updating guidance as new business is secured. The company also highlighted anticipated opportunities in AI, particularly in data engineering for generative AI models, with new contracts expected to expand annualized run rate revenue significantly.Record-Breaking Revenue Growth
Q4 '24 revenue totaled $59.2 million, a 127% year-over-year increase, exceeding the projected guidance. Full-year 2024 revenue was $170.5 million, up 96% over 2023.
Significant EBITDA Improvement
Adjusted EBITDA for Q4 was $14.1 million, or 23.9% of revenue, a 231% year-over-year increase. Full-year adjusted EBITDA was $34.6 million, a 250% year-over-year increase.
Strong Cash Position
Ended the year with $46.9 million in cash, up from $13.8 million at the end of 2023, with a $30 million credit facility remaining undrawn.
Growth in Big Tech Customer Base
Secured $24 million in new awards from the largest customer, expanding annualized run rate revenue to approximately $135 million. Seven other big tech customers' revenues grew by 159% sequentially.
Positive Market Trends
Big tech companies are expected to significantly increase their CapEx and investments in AI in 2025, with Amazon, Meta, Microsoft, and Google planning major expenditures.
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INOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INOD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $54.56 | $61.91 | +13.47% |
| Nov 07, 2024 | $24.34 | $42.78 | +75.76% |
| Aug 08, 2024 | $16.38 | $18.55 | +13.25% |
| May 07, 2024 | $6.74 | $10.47 | +55.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innodata (INOD) report earnings?
Innodata (INOD) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Innodata (INOD) earnings time?
Innodata (INOD) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INOD EPS forecast?
INOD EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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