Innodata Shares Hit 52-Week High After 4Q Earnings Beat

Dow Jones

02/21

By Chris Wack

Innodata shares were up 28% to $69.93 after the company reported fourth-quarter earnings that beat analysts' expectations.

The stock hit its 52-week high of $71 a share earlier in the session, and is up 716% in the past 12 months.

The data-engineering company late Thursday said it had quarterly earnings of $10.3 million, or 31 cents a share, compared with earnings of $1.7 million, or 5 cents a share, in the same quarter a year earlier. Analysts polled by FactSet were looking for earnings of $7.2 million, or 21 cents a share.

Revenue for the quarter was $59.2 million, compared with the prior year's $26.1 million and the $53 million analysts were expecting.

Cash, cash equivalents and short-term investments were $46.9 million as of Dec. 31, compared with $13.8 million as of Dec. 31, 2023.

For 2025, the company is forecasting 40% or more revenue growth, based primarily on won deals and near-in, forecastable business.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 21, 2025 10:50 ET (15:50 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet were looking for earnings of $7.2 million, or 21 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $59.2 million, compared with the prior year's $26.1 million and the $53 million analysts were expecting. \n</p>\n<p>\n  Cash, cash equivalents and short-term investments were $46.9 million as of Dec. 31, compared with $13.8 million as of Dec. 31, 2023. \n</p>\n<p>\n  For 2025, the company is forecasting 40% or more revenue growth, based primarily on won deals and near-in, forecastable business. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 21, 2025 10:50 ET (15:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INOD","symbol_name":"Innodata Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2513744294","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2513744294","pubTimestamp":1740153000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Innodata shares were up 28% to $69.93 after the company reported fourth-quarter earnings that beat analysts' expectations.The stock hit its 52-week high of $71 a share earlier in the session, and is up 716% in the past 12 months.The data-engineering company late Thursday said it had quarterly earnings of $10.3 million, or 31 cents a share, compared with earnings of $1.7 million, or 5 cents a share, in the same quarter a year earlier. 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