secwatch.observer — SEC 8-K summary
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Issuer:     INNODATA INC (INOD)
CIK:        0000903651
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001104659-24-026596
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903651/000110465924026596/0001104659-24-026596-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903651/000110465924026596/tm245623d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-026596

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer