Innodata Reports Record First Quarter 2024 Results; Raises Guidance to at Least 40% Organic Revenue Growth in 2024 [Yahoo! Finance]
Innodata Inc. (INOD)
US:NASDAQ Investor Relations:
innodata.com/investors
Company Research
Source: Yahoo! Finance
Revenue was $26.5 million, up 41% from $18.8 million in the same period last year. Net income was $1.0 million, or $0.03 per basic and diluted share, compared to a net loss of $(2.1) million, or $(0.08) per basic and diluted share, in the same period last year. Adjusted EBITDA was $3.8 million compared to Adjusted EBITDA of $0.8 million in the same period last year.* Cash, cash equivalents and short-term investments were $19.0 million at March 31, 2024 and $13.8 million at December 31, 2023. New program expansion valued at approximately $23.5 million in annualized run rate revenue announced today. This is in addition to new programs announced on April 24, 2024 valued at approximately $20 million in annualized run rate revenue. Raises guidance to at least 40% organic revenue growth in 2024. * Adjusted EBITDA is defined below. Jack Abuhoff, CEO, said, "We are pleased to announce record revenues of $26.5 million for the first quarter, representing 41% year-over-year growth
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INOD
News
- Zacks Initiates Coverage of Innodata With Outperform Recommendation [Yahoo! Finance]Yahoo! Finance
- Innodata First Quarter 2024 Earnings: EPS: US$0.034 (vs US$0.077 loss in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Innodata Inc. (NASDAQ:INOD) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Innodata Reports Record First Quarter 2024 Results; Raises Guidance to at Least 40% Organic Revenue Growth in 2024Accesswire
- INNODATA ALERT: Bragar Eagel & Squire, P.C. is Investigating Innodata Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
INOD
Analyst Actions
- 2/26/24 - TheStreet
INOD
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/25/24 - Form ARS
- INOD's page on the SEC website