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Dec 31, 2022
Innodata Q4 2022 Earnings Report
Reported a 5% increase in Q4 revenue over the prior quarter and positive Adjusted EBITDA.
Key Takeaways
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.
Q4 revenue increased by 5% over the prior quarter.
Adjusted EBITDA was positive at approximately $250K, a $1.5 million swing from Q3.
Agility platform sales grew 6% over Q3.
Conversion from demo to win in Agility direct sales increased to 33%.
Forward Guidance
Innodata anticipates expanding its Adjusted EBITDA to $10 million or more in 2023 while capturing significant growth opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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