Innodata Inc.
Innodata Reports Record Q4 and Full Year 2024 Financial Results
Summary
Innodata Inc. announced its fourth quarter and full year 2024 financial results on February 20, 2025. The company reported significant growth across various financial metrics, including a 127% increase in Q4 revenue to $59.2 million and a 96% increase in annual revenue to $170.5 million. Net income for Q4 was $10.3 million, or $0.34 per basic share, and $28.7 million for the full year, or $0.98 per basic share. Adjusted EBITDA for Q4 was $14.1 million and $34.6 million for the full year. The company also provided strong 2025 guidance, forecasting more than 40% revenue growth. The financials are included as Exhibit 99.1 to the filing.
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Exhibits (1)
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About Innodata Inc.
Innodata Inc. is a firm specializing in digital data transformation, offering essential services in content design, AI operations, and information management. The core purpose of Innodata is to assist organizations with leveraging technology to convert complex information and unstructured data into actionable insights and digitally accessible content. Its services extend across various industries, including publishing, finance, technology, healthcare, and legal sectors. With its diverse suite of solutions, Innodata empowers clients to streamline processes, automate data-intensive workflows, and enhance operational efficiencies. Within the financial market, Innodata plays a significant role by providing infrastructure and data management tools that fuel digital innovation, supporting organizations to adapt to the data-driven demands of contemporary business environments. Founded in 1988, the company is headquartered in Ridgefield Park, New Jersey, and continues to expand its technological footprint, helping to shape the landscape of digital information management for an increasingly interconnected world.
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