Innodata Q4 revenue $26.1M (+35% YoY), net income $1.7M vs loss; beats guidance; signs $69M AI deal

INNODATA INC

2023-FY EPS reported -$0.03 revenue$86,775,000

Q4 2023 revenue $26.1M, up 35% YoY; net income $1.7M ($0.05 diluted) vs net loss $2.0M a year ago.
Adjusted EBITDA $4.3M, exceeding guidance of $3.7M by 16%; prior-year adjusted EBITDA was $0.2M.
Full-year 2023 revenue $86.8M (+10%); net loss $0.9M vs $12.0M loss in 2022; adjusted EBITDA $9.9M vs loss of $3.3M.
Signed a three-year deal with a Big Five tech company valued at ~$23M/year (total ~$69M) for generative AI services in late Q4.
Cash and short-term investments $13.8M at Dec 31, 2023, up from $10.3M a year earlier.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNODATA INC reported financial results for fourth quarter and fiscal year ended December 31, 2023.

Period: fourth quarter and fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

Innodata Inc. issued a press release announcing its fourth quarter and fiscal year 2023 financial results.

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Source: SEC EDGAR

accession 0001104659-24-026596

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