Innodata Third Quarter 2024 Earnings: Beats Expectations

Innodata (NASDAQ:INOD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$52.2m (up 136% from 3Q 2023).
• Net income: US$17.4m (up by US$17.0m from 3Q 2023).
• Profit margin: 33% (up from 1.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.60 (up from US$0.013 in 3Q 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 45%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the US.

Performance of the American Professional Services industry.

The company's shares are up 102% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Innodata you should be aware of.

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