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Sep 30, 2020
Innodata Q3 2020 Earnings Report
Innodata reported a 5% increase in revenues year-over-year and sequentially.
Key Takeaways
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.
Revenues increased 5% this quarter year-over-year.
Revenues increased 5% this quarter sequentially.
Plans to increase sales staff through 2021 to position for 20% growth.
Cashflow growth is anticipated to outpace revenue growth.
Forward Guidance
Innodata plans to increase its sales staff through 2021 from 15 this year (on average) to 58 and to ramp up marketing to support this augmented sales staff, positioning the company for 20% growth in coming years. As a result of operating leverage in the business, the company anticipates cashflow growth to outpace revenue growth and cover increased investment.
Positive Outlook
- Positioning for 20% growth in coming years.
- Ramping up marketing to support augmented sales staff.
- Cashflow growth anticipated to outpace revenue growth.
- Focusing on high-quality annotated data for AI training.
- Leveraging 25 years of experience in data creation.
Challenges Ahead
- Increased investment in sales staff and marketing.
- Potential risks associated with forward-looking statements.
- Uncertainty around the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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