Innodata Full Year 2024 Earnings: Beats Expectations

Innodata (NASDAQ:INOD) Full Year 2024 Results

Key Financial Results

• Revenue: US$170.5m (up 96% from FY 2023).
• Net income: US$28.7m (up from US$908.0k loss in FY 2023).
• Profit margin: 17% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: US$0.98 (up from US$0.032 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Innodata Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 15% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Innodata has 2 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.