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Innodata Isogen Inc (INOD)
NASDAQ:INOD
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.21Last Year’s EPS
$0.05Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 76.71%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Positive
The earnings call presented a largely positive outlook for Innodata, with record-breaking revenue growth driven by key Big Tech customer expansions and successful federal contracts. Despite some concerns about recruiting costs and dependency on large customers, the company's strategic efforts in AI and Big Tech partnerships indicate strong future potential.Company Guidance
During the Innodata Third Quarter 2024 Earnings Conference Call, the company reported a record revenue of $52 million, reflecting a 136% year-over-year increase in organic growth. Adjusted EBITDA rose to $13.9 million, representing 27% of revenue and a fivefold increase from the previous quarter. Cash reserves also increased to $26.4 million, up by $10 million from the last quarter. The company raised its full-year 2024 revenue guidance, projecting Q4 revenues between $52 million and $55 million, translating to an anticipated 88% to 92% year-over-year growth. A significant portion of the Q3 revenue, $30.6 million, was generated from one major Big Tech customer, exceeding prior estimates of $27.6 million per quarter. Innodata also highlighted new engagements with seven other Big Tech clients and achievements in the public sector, including a second federal government win. The company aims to continue leveraging its strategic positioning in generative AI data engineering for sustained growth.Record-Breaking Revenue and Growth
Innodata delivered record revenue of $52 million, representing a 136% year-over-year increase in organic growth. Adjusted EBITDA was $13.9 million, or 27% of revenue, which was 5x the adjusted EBITDA in Q2. Cash reserves increased to $26.4 million, up by $10 million from last quarter.
Big Tech Customer Success
Generated $30.6 million of revenue from a single Big Tech customer, exceeding prior estimates. The company is optimistic about continued growth with this customer and other Big Tech clients.
Federal Wins and Strategic Expansion
Second win with the federal government for news briefs and media monitoring. This validates Innodata's strategy to expand further into the public sector.
Agility Platform Growth
Agility platform saw 26% year-over-year growth in the quarter with acceleration in new bookings, attributed to new generative AI capabilities.
Strong Operating Leverage
Operating expenses grew only 33% year-over-year compared to significantly higher revenue growth, indicating strong operating leverage.
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INOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INOD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $24.34 | $42.78 | +75.76% |
| Aug 08, 2024 | $16.38 | $18.55 | +13.25% |
| May 07, 2024 | $6.74 | $10.47 | +55.34% |
| Feb 22, 2024 | $8.48 | $7.07 | -16.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innodata Isogen Inc (INOD) report earnings?
Innodata Isogen Inc (INOD) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Innodata Isogen Inc (INOD) earnings time?
Innodata Isogen Inc (INOD) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INOD EPS forecast?
INOD EPS forecast for the fiscal quarter 2024 (Q4) is $0.21.
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