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.
Revenue grew by 120% year-over-year, reaching $58.3 million in Q1 2025.
Adjusted EBITDA increased significantly to $12.7 million from $3.8 million in the prior year's quarter.
Net income for the quarter was $7.8 million, translating to $0.25 per basic share.
Cash, cash equivalents, and short-term investments stood at $56.6 million as of March 31, 2025.
Innodata reaffirms its growth guidance of 40% or more revenue growth for 2025, driven by expanding customer relationships, new customer acquisitions, strategic alignment with generative AI, and planned investments in technology and strategic hiring.
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