---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-058055"
form_type: "8-K"
ticker: "INOD"
cik: "0000903651"
company_name: "INNODATA INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:31:31.060760+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Innodata Q1 revenue up 41% to $26.5M; raises 2024 growth guidance to at least 40%

## Summary
- Q1 revenue $26.5M (+41% YoY); net income $1.0M vs loss of $2.1M YoY.
- Adjusted EBITDA $3.8M vs $0.8M YoY; cash $19M vs $13.8M at Dec 2023.
- New program expansion with Magnificent Seven customer valued at ~$23.5M annualized run rate.
- Signed two new Big Tech customers; now agreements with seven Big Tech firms on gen AI initiatives.
- Raised 2024 organic revenue growth guidance from 20% to at least 40%; expects substantial sequential Q2 increase.

## SEC filing metadata
- accession: 0001104659-24-058055
- form_type: 8-K
- ticker: INOD
- cik: 0000903651
- company_name: INNODATA INC
- filed_at: 2024-05-07T23:59:59+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/903651/000110465924058055/0001104659-24-058055-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/903651/000110465924058055/tm2412945d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-058055
- JSON: https://secwatch.observer/filing/0001104659-24-058055.json
- Plain text: https://secwatch.observer/filing/0001104659-24-058055.txt

## Key facts
- Earnings Releases
  INNODATA INC reported first quarter ended March 31, 2024 results: revenue $26.5 million, net income $1.0 million, or $0.03 per basic and diluted share. Guidance raised.
  - Period: first quarter ended March 31, 2024
  - Revenue: $26.5 million
  - Net income: $1.0 million, or $0.03 per basic and diluted share
  - Guidance: raised
  - Result: reported results
  source text: Least 40% Organic Revenue Growth in 2024 NEW YORK – May 7, 2024 – INNODATA INC. (Nasdaq: INOD) today reported results for the first quarter ended March 31, 2024. · Revenue was $26.5 million, up 41% from $18.8 million in the same period last year. · Net income was $1.0 million, or $0.03 per basic and diluted share, compared to a net loss of $(2.1) million, or $(0.08)
  evidence_url: https://www.sec.gov/Archives/edgar/data/903651/000110465924058055/0001104659-24-058055-index.htm

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