uksausage
40 분 전
NEW YORK, NY / ACCESS Newswire / February 20, 2025 / INNODATA INC.
INOD
today reported results for the fourth quarter and the year ended December 31, 2024.
Revenue for the fourth quarter was $59.2 million, up 127% from revenue of $26.1 million in the same period last year.
Revenue for the year was $170.5 million, up 96% from revenue of $86.8 million in 2023.
Adjusted EBITDA was $14.1 million in the fourth quarter, compared to Adjusted EBITDA of $4.3 million in the same period last year.*
Adjusted EBITDA was $34.6 million in 2024, compared to Adjusted EBITDA of $9.9 million in 2023.*
Net income for the fourth quarter was $10.3 million, or $0.34 per basic share and $0.31 per diluted share, compared to a net income of $1.7 million, or $0.06 per basic share and $0.05 per diluted share, in the same period last year.
Net income for the year was $28.7 million, or $0.98 per basic share and $0.89 per diluted share, compared to a net loss of $0.9 million, or $0.03 per basic and diluted share, in 2023.
Cash, cash equivalents and short-term investments were $46.9 million as of December 31, 2024 and $13.8 million as of December 31, 2023.
* Adjusted EBITDA is defined below.
Jack Abuhoff, CEO, said, "Q4 was a record quarter and 2024 was a record year. Our Q4 revenues of $59.2 million were well above the high end of our Q4 revenue guidance of $52-$55 million. In Q4, we experienced accelerating business momentum across key strategic imperatives that we believe will serve our medium and long-term growth plans. The momentum we're achieving gives us the confidence to forecast 2025 as another year of strong growth.
Specifically, we draw investors' attention to several important factors that we believe demonstrate the accelerating growth in our business:
Expanding Relationship with Largest Customer. In Q4 and January, we were awarded additional programs and expansions with our largest customer valued at approximately $24 million of annualized run rate revenue. These recent awards expand our total annualized run rate revenue with this customer to approximately $135 million.
Expanding Relationships with Seven Other Big Tech Customers. We grew aggregate revenues from our seven other Big Tech customers (i.e., excluding our largest customer) by 159% in Q4 over Q3 of 2024. We believe this increased growth by our other Big Tech customers, which we hope will continue in 2025, serves as validation of our land and expand strategy, and we expect it will continue to diversify our revenue base. We are currently running several pilots with these customers that hold the promise of seven- or even eight-figure revenue opportunities, if won.
Industry Trends Creating Tailwinds. We believe we are positioned to benefit from recently announced AI-driven capex spending among the Magnificent Seven as well as innovation in hardware optimization, as most recently exemplified by Chinese AI research lab DeepSeek, that we expect will lower the cost of compute required for training and inferencing.
Investment. In 2025, we plan to re-invest a portion of our cash from operations back into the business to position ourselves for continued, multi-year growth while still guiding to growing our Adjusted EBITDA in 2025 over 2024.
Strong Balance Sheet. Our balance sheet is strong with $46.9 million in cash at year end and an undrawn $30 million credit facility giving us flexibility to execute our strategy.
2025 Guidance. We are forecasting 40% or more revenue growth in 2025 based primarily on won deals and near-in, forecastable business. We anticipate updating this guidance through the course of the year, much as we did in 2024."
Abuhoff concluded, "I look forward to growing our business in 2025 as we position Innodata to become one of the greatest AI services companies and deliver superior returns for our shareholders."
Neffets Luap
7 월 전
I did some analysis on the past 6 months trading activity. not sure how to upload a photo here, so I'll just type out my findings.
Daily Volume / Daily SP Growth rate correlations (Past 6 months)
Findings:
- Typically a low volume / stable stock with long term growth potential.
- 71% of all trading days were below 500K volume
- This stock is NOT dilutive. 80% of days where losses were >-2% were on low volume days, less than 500K. Only 8% of days recorded a loss when volume was above 750K.
- approx half of all trading days, the stock movements floated between -2% loss and +2% gain, with 70% of those days being GAINS and 30% being Losses. ....ahem...long term play.
- This stock gaining days +2% or higher can be found on both high volume days and low volume days, nearly 50/50 split
- of the 15 days with volume over 1M: only 3 days with sp loss, other 12 days are sp gains at an average of 14% gain per day. The average consolidation following those gains is approx -2% to -3%. +11 to 12% gain differential each +1M volume level up day.
- Stock lost more than 5% on only 5 separate days, following these days the average "bounce back" sp gain is +7%. +2% Gain differential on each large loss day.
- Stock gained more than 5% on 23 separate days. Large gain days out pace large loss days by approx. 5 to 1.
- the last 3 bullet points mean that this stock RETAINS substantial Share Price growth after the "dust settles" when large gains are seen, and the Stock rebounds HIGHER after large loss days. That sounds like a win/win ratio to me.
Overall summary on "how to play" this stock.
- This stock is a "long term play" with minimal pullbacks creating minimal short term profit opportunities.
- low volume stock that moves UP on significant volume with modest/small pull-back period after each large volume/SP gain….aka people taking some profits
- If you do take profits on gaining days, please recognize there may not be chance to accumulate again at a lower level. (only modest pull-backs occur)
- The absolute BEST TIME TO BUY is DURING a Large Loss Day! If you wait for the next day-ish, the stock will rebound on avg +7% and you've missed a better buying opportunity.
- Institutional ownership is diverse and growing, with minimal groups exiting the stock.
- Based on this analysis.....TODAY is NOT a large loss day at -8%, because the stock grew 25% the past 2 days. I would anticipate tomorrow to finalize the pullback at around -4%, but that will be about it for the "pull-back" leaving the "gain differential" at around 13%....it's on to the next level up at that point.
Buy more shares either now or buy in the morning.....that's the best time to get more.
Neffets Luap
1 년 전
welcome to INOD - it will be a fun profit ride. check out this Investor Presentation, see page 32. "Clean Balance Sheet". $14.8M cash on hand. no external debt., access to $10M credit line, and most significantly, Low Shares on issue. quote, "Since inception (30+ years), we have not raised any capital from external investors, and our operations and investments have been funded through our organic cash-flow."
Monksdream
2 년 전
INOD
Innodata Inc NASDAQ: INOD
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Industrials : Professional Services | Small Cap ValueCompany profile
Innodata Inc. is a data engineering company. The Company's segments include Digital Data Solutions (DDS), Synodex and Agility. The DDS segment provides artificial intelligence (AI) data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. The DDS segment also provides a range of data engineering support services, including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management. The Synodex segment provides an industry platform that transforms medical records into usable digital data organized in accordance with its data models or customer data models. The Agility segment provides an industry platform that provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers worldwide.
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