Innodata posted a robust Q2 2025, beating analyst expectations across all key metrics including revenue, EPS, and net income. The company also increased its full-year revenue growth guidance, citing momentum in the AI space.
Innodata reported a strong start to 2025, with revenue increasing by 120% year-over-year to $58.3 million. Adjusted EBITDA saw a substantial increase to $12.7 million, up from $3.8 million in the same period last year. The company also reported a net income of $7.8 million, or $0.25 per basic share.
Innodata achieved record Q4 2024 revenues of $59.2 million, a 127% increase year-over-year, and a net income of $10.3 million. The company also reported strong full-year results and a positive outlook for 2025, fueled by expanding relationships with major tech customers and industry tailwinds.
Innodata reported record third-quarter revenue of $52.2 million, a 136% increase year-over-year. The company is raising its 2024 full-year revenue guidance, driven by strong business momentum and increasing investments in generative AI.
Innodata reported strong second-quarter results, marked by record revenue growth of 66% year-over-year. The company expanded its partnership with a major Big Tech customer and secured new engagements, including a new Big Tech customer and a prominent social media platform. Innodata is raising its 2024 full-year revenue growth guidance to 60% or more.
Innodata reported record first-quarter revenue of $26.5 million, a 41% year-over-year increase, driven by its work in AI large language models. The company raised its 2024 revenue growth guidance to at least 40%. They also announced a significant program expansion and two new Big Tech customer wins.
Innodata's CEO, Jack Abuhoff, mentioned an internal goal for a $30 million quarter this year in an interview.
Innodata reported a 20% year-over-year increase in revenue for Q3 2023, reaching $22.2 million. Adjusted EBITDA saw a 100% sequential quarter-on-quarter growth, amounting to $3.2 million. The growth was driven by generative AI development work with new big tech customers, with further revenue expansion anticipated in Q4 and 2024.
Innodata reported a 4% increase in revenue compared to Q1, with revenue reaching $19.7 million. Adjusted EBITDA saw a significant increase, rising 100% from Q1 to $1.6 million. The company also secured new deals with top five global technology companies, which are expected to accelerate revenue and Adjusted EBITDA growth in the coming quarters.
Innodata announced potentially transformative deals in generative AI with three of the largest global tech companies. Revenue for Q1 2023 was $18.8 million and Adjusted EBITDA was $800 thousand.
Innodata reported a 5% increase in Q4 revenue year-over-year, reaching $19.4 million, and achieved positive Adjusted EBITDA of approximately $250K. The company is experiencing significant acceleration in AI investment and has expanded work with major technology companies.
Innodata's Q3 revenue reached $18.4 million, exceeding previous guidance. Despite disruptions including layoffs at a major social media customer, the company achieved 6% year-over-year growth. Innodata anticipates sequential revenue improvement in Q4 and expects to be Adjusted EBITDA positive.
Innodata reported Q2 revenue of $20 million, a 17% increase year-over-year. The company experienced a slowdown in new business activity from mid-May through July. Despite this, Innodata added 115 new logos across its segments, a 24% increase over the average of 93 new customers per quarter in 2021.
Innodata reported a strong first quarter with a 33% year-over-year revenue increase. The company added 121 new logos and reiterated its 2022 target of 30% year-over-year revenue growth and its long-term 2025 target of approximately $200 million in revenues and approximately 30% Adjusted EBITDA.
Innodata reported a 26% increase in fourth-quarter revenue year-over-year, marking a strong finish to a transformational year. The company is targeting an acceleration of revenue growth to 30% in 2022 and aims for approximately $200 million in revenues and approximately 30% EBITDA margins by 2025.
Innodata reported a 20% increase in revenue for Q3 2021 compared to the previous year. The company anticipates further growth acceleration in Q4 and into the next year, driven by new deals, AI solutions, sales force expansion, and key customer relationship expansions.
Innodata reported strong revenue growth in Q2 2021, with a 23% increase compared to the year-ago quarter, driven by AI-based solutions and industry platforms. The company anticipates continued growth of 20% or more year over year in the remaining quarters of the year and expects growth to accelerate in the second half of 2021 and continue into 2022.
Innodata reported exceeding operational KPIs and hiring and cost management goals. The company secured enough new business and has projects in the late-stage pipeline to meet or exceed growth targets this year. Structural costs have been reduced by approximately $6 million on an annual basis, allowing for aggressive deployment of internally generated cash flow in sales and marketing and product enhancement initiatives.
Innodata reported its Q4 and Fiscal Year 2020 results, revealing revenue and earnings growth despite unprecedented disruptions. The company is investing in its sales and marketing team and proprietary technology solutions to capitalize on a blue-sky growth trajectory in its industry segments.
Innodata reported a 5% increase in revenues year-over-year and sequentially. The company plans to increase its sales staff and ramp up marketing to support augmented sales staff, positioning the company for 20% growth in coming years.
Innodata reported a 2% increase in total revenue for Q2 2020 compared to Q2 2019, despite facing revenue disruption and incurring $400,000 in business continuity plan costs due to COVID-19.
Innodata's Q1 2020 results were impacted by the COVID-19 pandemic, with the company enabling its business continuity plan. Despite challenges, Innodata continued to sign new deals and bring on new customers, although some deals were deferred or delayed.
Innodata reported results for the fourth quarter and the year ended December 31, 2019. The company saw sequentially improved revenue, gross margin and Adjusted EBITDA performance in the quarter. They emerged from 2019 with a redesigned solutions and product portfolio to address the data needs of enterprises across verticals for data annotation and data transformation.