Innodata Q4 revenue up 26% YoY to $19.3M; net loss $1.2M; targets 30% growth in 2022

INNODATA INC

Q4 revenue $19.3M (+26% YoY); FY2021 revenue $69.8M (+20% YoY).
Q4 net loss $1.2M ($0.04/sh) vs net income $1.2M in prior year; FY net loss $1.7M ($0.06/sh) vs net income $0.6M.
Cash $18.9M, no debt; targets 30% revenue growth in 2022 and $200M revenue with ~30% EBITDA margins by 2025.
Sales & marketing budget increased to $27.5M in 2022 from $14.5M in 2021; expects cash flow positive by end of 2022.
New wins include a top social media platform, Fortune 50 semiconductor maker, Google Build & Services Partner for 5G/Edge AI.

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