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

Dow Jones

Feb 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)

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