---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-026596"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:30:06.427999+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-026596
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/903651/000110465924026596/0001104659-24-026596-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465924026596/tm245623d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-026596
- JSON: https://secwatch.observer/filing/0001104659-24-026596.json
- Plain text: https://secwatch.observer/filing/0001104659-24-026596.txt

## Key facts
- Earnings Releases
  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
  source text: Innodata Inc. issued a press release announcing its fourth quarter and fiscal year 2023 financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465924026596/0001104659-24-026596-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.