US Market News
4週前
Innodata Reports Record First Quarter 2026 ResultsMay 7, 2026 4:05 PM
ACCESS NewswireRevenue Up 54% Year-Over-Year, Beats Consensus by 18%Adjusted EBITDA of $25.0 Million Beats Consensus by 139%; Adjusted Gross Margin Expands to 47%Raises Full-Year 2026 Revenue Growth Guidance to ~40% or More, Up From ~35% or MoreAnnounces New Engagements With Big Tech Company Expected to Generate Approximately $51 Million of Revenue in 2026 NEW YORK, NY / ACCESS Newswire / May 7, 2026 / INNODATA INC. (Nasdaq:INOD) today reported results for the first quarter ended March 31, 2026.Revenue of $90.1 million, representing 54% year-over-year revenue growth.Adjusted Gross Profit of $42.6 million, representing Adjusted Gross Margin of 47%.*Adjusted EBITDA of $25.0 million, or 28% of revenue, an increase of $12.3 million from $12.7 million in the same period last year.*Net income of $14.9 million, or $0.46 per basic share and $0.42 per diluted share, compared to net income of $7.8 million, or $0.25 per basic share and $0.22 per diluted share, in the same period last year.Cash, cash equivalents and short-term investments of $117.4 million as of March 31, 2026, an increase of $35.1 million from $82.2 million as of December 31, 2025. The Company's Wells Fargo credit facility, which was renewed and expanded from $30 million to $50 million on a three-year term during the quarter, remains undrawn, and the Company carries no appreciable debt.* Adjusted Gross Profit, Adjusted Gross Margin, and Adjusted EBITDA are non-GAAP financial measures and are defined below.Jack Abuhoff, CEO, said, "Q1 was a record-setting quarter for Innodata - and it was record setting by a wide margin. Revenue grew 54% year-over-year while Adjusted EBITDA grew approximately 96% - operating leverage by definition. We delivered a single quarter of revenue that exceeded our annual revenue of just three years ago. Just as importantly, our results demonstrate that the strategic position we have been building is translating into scale, margin expansion, and cash generation."With one quarter behind us and progressively increasing visibility into the year ahead, we are raising our full-year 2026 revenue growth guidance to approximately 40% or more year-over-year, up from the approximately 35% or more we guided to ten weeks ago. We continue to view this guidance as prudent. There are several potentially large programs we have not yet included in our forecast."We are also announcing today a new set of engagements with one of the world's leading Big Tech companies that we expect could generate approximately $51 million of revenue this year. Twelve months ago, our revenue from this customer was zero; this year we expect it to become our second-largest customer, and we see considerable headroom both within the current program and across additional programs we are actively discussing."Importantly, the diversification we planned for is now happening in practice. For full year 2026, we expect our largest customer to represent a smaller percentage of total revenue even though we expect our absolute dollar revenue with that customer to increase. In Q1, revenue from our other Big Tech customers, in the aggregate, grew 453% year-over-year. We believe this represents one of the strongest forms of customer diversification a company can deliver: the largest account continues to grow in absolute dollars, while the rest of the customer base grows even faster."We are also continuing to innovate at a rapid pace. This quarter we launched our Evaluation and Observability Platform in beta - a control plane for agentic systems - and shortly after launch closed our first platform engagement, valued at $1 million in revenue, with a hyperscaler customer. Fifteen additional companies are actively evaluating the platform, and we are in discussions with two leading hyperscalers about potential channel partnerships that we believe could meaningfully expand the platform's reach. The strength of our research bench was further validated when one of our researchers had two papers accepted at the 2026 International Conference on Machine Learning (ICML), one of which received the prestigious ‘Spotlight' designation - placing it among approximately 2% of the nearly 24,000 papers submitted to ICML this year."Abuhoff concluded, "We believe Innodata is entering a golden age of innovation. We are confident that 2026 will be a tremendous year for our shareholders, and we are excited about the opportunities that lie ahead in 2027 and beyond."Reporting NoteEffective the first quarter of 2026, the Company is reporting its financial results as a single operating segment. The Company previously reported three operating segments: DDS, Agility, and Synodex. The shift to single-segment reporting reflects the transformation of the Company's business strategy and operating model, driven by its focus on agentic AI technologies and the increasingly integrated way in which it manages and delivers its services.Amounts in this press release have been rounded. All percentages have been calculated using unrounded amounts.Timing of Conference Call with Q&AInnodata will conduct an earnings conference call, including a question-and-answer period, at 5:00 PM eastern time today. You can participate in this call by dialing the following call-in numbers:The call-in numbers for the conference call are:(+1) 800 715 9871North America, Toll Free(+44) 800 358 0970United Kingdom(+1) 646 307 1963InternationalParticipant Access Code3150581For Replay:(+1) 800 770 2030North America-Toll Free(+1) 609 800 9909InternationalPlayback ID3150581It is recommended that participants dial in approximately 10 minutes prior to the start of the call. Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/. Please note that the Webcast feature will be in listen-only mode.Call-in replay will be available for seven days following the conference call, and Webcast replay will be available for 30 days following the conference call, at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/.About InnodataInnodata (Nasdaq: INOD) is a global data engineering company. We believe that data and Artificial Intelligence (AI) are inextricably linked. Our mission is to enable the responsible advancement of artificial intelligence by providing the data, evaluation frameworks, and human expertise required to build AI systems that can be trusted at scale. We provide a range of transferable solutions, platforms, and services for Generative AI / AI builders and adopters. In every relationship, we honor our 36+ year legacy delivering the highest quality data and outstanding outcomes for our customers.Visit www.innodata.com to learn more.Forward-Looking StatementsThis press release may contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These forward-looking statements include, without limitation, statements concerning our operations, economic performance, financial condition, developmental program expansion and position in the AI services market. Words such as "project," "forecast," "believe," "expect," "can," "continue," "could," "intend," "may," "should," "will," "anticipate," "indicate," "guide," "predict," "likely," "estimate," "plan," "potential," "possible," "promises," or the negatives thereof, and other similar expressions generally identify forward-looking statements.These forward-looking statements are based on management's current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including, without limitation, impacts resulting from ongoing geopolitical conflicts; anticipated and actual use cases and outcomes, investments in large language models; that contracts may be terminated by customers; projected or committed volumes of work may not materialize; pipeline opportunities and customer discussions which may not materialize into work or expected volumes of work; the likelihood of continued development of the AI markets, particularly new and emerging markets, that our services support; the ability and willingness of our customers and prospective customers to execute business plans that give rise to requirements for our services; continuing reliance on project-based work and the primarily at-will nature of such contracts and the ability of these customers to reduce, delay or cancel projects; potential inability to replace projects that are completed, canceled or reduced; revenue concentration among a limited number of customers; our dependency on third-party providers and partners; our ability to achieve revenue and growth targets; difficulty in integrating and deriving synergies from acquisitions, joint ventures and strategic investments; potential undiscovered liabilities of companies and businesses that we may acquire; potential impairment of the carrying value of goodwill and other acquired intangible assets of companies and businesses that we acquire; a continued downturn in or depressed market conditions; changes in external market factors; the potential effects of U.S. global trade and monetary policy, including the interest rate policies of the Federal Reserve; changes in our business or growth strategy; the emergence of new, or growth in existing competitors; various other competitive and technological factors; our use of and reliance on information technology systems, including potential security breaches, cyber-attacks, privacy breaches or data breaches that result in the unauthorized disclosure of consumer, customer, employee or company information, or service interruptions; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission ("SEC").Our actual results could differ materially from the results referred to in any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks discussed in Part I, Item 1A. "Risk Factors," Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and other parts of our Annual Report on Form 10-K, filed with the SEC on February 26, 2026, and in our other filings that we may make with the SEC. In light of these risks and uncertainties, there can be no assurance that the results referred to in any forward-looking statements will occur, and you should not place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof.We undertake no obligation to update or review any guidance or other forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by the U.S. federal securities laws.Company ContactAneesh Pendharkar
US Market News
3月前
Innodata Reports Fourth Quarter and Full Year 2025 ResultsFebruary 26, 2026 4:05 PM
ACCESS Newswire48% Full-Year Revenue Growth and Strong Q4 ResultsAnticipates ~35%+ Revenue Growth in 2026 with Expanding Customer DiversificationAnnounces Innovations in Dataset Creation and Evaluations for LLMs, AI Agents, and Physical AI (Robotics) NEW YORK CITY, NY / ACCESS Newswire / February 26, 2026 / INNODATA INC. (Nasdaq:INOD) today reported results for the fourth quarter and the year ended December 31, 2025.Revenue of $72.4 million for the three months ended December 31, 2025, representing 22% year-over-year organic revenue growth.Revenue of $251.7 million for the year ended December 31, 2025, representing 48% year-over-year organic revenue growth.Adjusted EBITDA of $15.7 million for the three months ended December 31, 2025, an increase of $1.6 million, or 11%, from $14.1 million in the same period last year.*Adjusted EBITDA of $57.9 million for the year ended December 31, 2025, an increase of $23.3 million, or 68%, from $34.6 million in the same period last year.*Net income of $8.8 million, or $0.28 per basic share and $0.25 per diluted share, for the three months ended December 31, 2025, compared to net income of $10.3 million, or $0.34 per basic share and $0.31 per diluted share, in the same period last year.Net income of $32.2 million, or $1.01 per basic share and $0.92 per diluted share, for the year ended December 31, 2025, compared to net income of $28.7 million, or $0.98 per basic share and $0.89 per diluted share, in the same period last year.Cash, cash equivalents and short-term investments were $82.2 million as of December 31, 2025 and $46.9 million as of December 31, 2024.* Adjusted EBITDA is defined below.Jack Abuhoff, CEO, said, "2025 was a defining year for Innodata. We delivered $72.4 million in fourth-quarter revenue and $251.7 million for the full year - representing 48% annual growth - while exceeding margin targets and analyst consensus across key metrics and investing aggressively in innovation to strengthen our platform, accelerate customer outcomes, and reinforce our leadership in the generative AI value chain."We believe we are entering 2026 with extraordinary momentum. Demand across frontier model training, agentic AI, and physical AI is accelerating, and we believe our role is evolving from data supplier to strategic lifecycle partner for some of the world's most advanced AI initiatives."Based on current forecasts, we anticipate approximately 35% or more revenue growth in 2026, with potential upside as programs scale," Abuhoff said.In today's earnings conference call (dial-in information below), Abuhoff plans to discuss Innodata's program of data-centric innovation that is achieving:Measurable improvements in model performance through data efficacy-driven LLM training methodologies;Up to 25-point gains in AI agent constraint satisfaction under real-world complexity;Durable resilience against adversarial attacks through scalable, high-fidelity, data-driven attack simulation systems;Enhanced long-context reasoning performance through specialized structured dataset creation;Large-scale, high-quality dataset engineering for physical AI and robotics, including egocentric and affordance-rich data;A 6.45% improvement over prior state-of-the-art benchmarks in drone and small-object detection; andThe structural foundation for margin expansion through automation, synthetic data generation, and evaluation platforms.Abuhoff concluded, "The future of AI will be shaped not only by larger models, but by the precision and rigor of the data ecosystems that make them reliable, adaptable, and production-ready. That is Innodata's domain. We are confident in our leadership and energized by the scale of the opportunity before us."Amounts in this press release have been rounded. All percentages have been calculated using unrounded amounts.Timing of Conference Call with Q&AInnodata will conduct an earnings conference call, including a question-and-answer period, at 5:00 PM eastern time today. You can participate in this call by dialing the following call-in numbers:The call-in numbers for the conference call are:(+1) 800 549 8228 North America(+44) 800 279 7040 United Kingdom(+1) 289 819 1520 InternationalParticipant Access Code 27117#Replay dial-In(+1) 888 660 6264 North America(+1) 289 819 1325 InternationalReplay Passcode 27117#It is recommended that participants dial in approximately 10 minutes prior to the start of the call. Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/. Please note that the Webcast feature will be in listen-only mode.Call-in replay will be available for seven days following the conference call, and Webcast replay will be available for 30 days following the conference call, at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/.About InnodataInnodata (Nasdaq: INOD) is a global data engineering company. We believe that data and Artificial Intelligence (AI) are inextricably linked. Our mission is to enable the responsible advancement of artificial intelligence by providing the data, evaluation frameworks, and human expertise required to build AI systems that can be trusted at scale. We provide a range of transferable solutions, platforms, and services for Generative AI / AI builders and adopters. In every relationship, we honor our 36+ year legacy delivering the highest quality data and outstanding outcomes for our customers.Visit www.innodata.com to learn more.Forward-Looking StatementsThis press release may contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These forward-looking statements include, without limitation, statements concerning our operations, economic performance, financial condition, developmental program expansion and position in the AI services market. Words such as "project," "forecast," "believe," "expect," "can," "continue," "could," "intend," "may," "should," "will," "anticipate," "indicate," "guide," "predict," "likely," "estimate," "plan," "potential," "possible," "promises," or the negatives thereof, and other similar expressions generally identify forward-looking statements.These forward-looking statements are based on management's current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including, without limitation, impacts resulting from ongoing geopolitical conflicts; investments in large language models; that contracts may be terminated by customers; projected or committed volumes of work may not materialize; pipeline opportunities and customer discussions which may not materialize into work or expected volumes of work; the likelihood of continued development of the markets, particularly new and emerging markets, that our services support; the ability and willingness of our customers and prospective customers to execute business plans that give rise to requirements for our services; continuing reliance on project-based work in the Digital Data Solutions ("DDS") segment and the primarily at-will nature of such contracts and the ability of these customers to reduce, delay or cancel projects; potential inability to replace projects that are completed, canceled or reduced; our DDS segment's revenue concentration in a limited number of customers; our dependency on content providers in our Agility segment; our ability to achieve revenue and growth targets; difficulty in integrating and deriving synergies from acquisitions, joint ventures and strategic investments; potential undiscovered liabilities of companies and businesses that we may acquire; potential impairment of the carrying value of goodwill and other acquired intangible assets of companies and businesses that we acquire; a continued downturn in or depressed market conditions; changes in external market factors; the potential effects of U.S. global trade and monetary policy, including the interest rate policies of the Federal Reserve; changes in our business or growth strategy; the emergence of new, or growth in existing competitors; various other competitive and technological factors; our use of and reliance on information technology systems, including potential security breaches, cyber-attacks, privacy breaches or data breaches that result in the unauthorized disclosure of consumer, customer, employee or company information, or service interruptions; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission ("SEC").Our actual results could differ materially from the results referred to in any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks discussed in Part I, Item 1A. "Risk Factors," Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and other parts of our Annual Report on Form 10-K, filed with the SEC on February 24, 2025, and in our other filings that we may make with the SEC. In light of these risks and uncertainties, there can be no assurance that the results referred to in any forward-looking statements will occur, and you should not place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof.We undertake no obligation to update or review any guidance or other forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by the U.S. federal securities laws.Company ContactAneesh Pendharkar
US Market News
4月前
Innodata to Report Fourth Quarter and Fiscal Year 2025 ResultsFebruary 5, 2026 8:30 AM
ACCESS NewswireNEW YORK, NY / ACCESS Newswire / February 5, 2026 / INNODATA INC. (Nasdaq:INOD) today announced that it will report Fourth Quarter and Fiscal Year 2025 results after the market closes on Thursday, February 26, 2026. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day.The call-in numbers for the conference call are:(+1) 800 549 8228 North America(+44) 800 279 7040 United Kingdom(+1) 289 819 1520 InternationalParticipant Access Code 27117 #Replay dial-In(+1) 888 660 6264 North America(+1) 289 819 1325 International:Replay Passcode 27117 #Investors are also invited to access a live Webcast of the conference call at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/. Please note that the Webcast feature will be in listen-only mode.Call-in replay will be available for seven days following the conference call, and Webcast replay will be available for 30 days following the conference call, at the Investor Relations section of Innodata's website at https://investor.innodata.com/events-and-presentations/.About InnodataInnodata (Nasdaq:INOD) is a global data engineering company. We believe that data and Artificial Intelligence (AI) are inextricably linked. That's why we're on a mission to help the world's leading technology companies and enterprises drive Generative AI / AI innovation. We provide a range of transferable solutions, platforms, and services for Generative AI / AI builders and adopters. In every relationship, we honor our 35+ year legacy delivering the highest quality data and outstanding outcomes for our customers.Visit www.innodata.com to learn more.Forward-Looking StatementsThis press release may contain certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These forward-looking statements include, without limitation, statements concerning our operations, economic performance, financial condition, developmental program expansion and position in the generative AI services market. Words such as "project," "forecast," "believe," "expect," "can," "continue," "could," "intend," "may," "should," "will," "anticipate," "indicate," "guide," "predict," "likely," "estimate," "plan," "potential," "possible," "promises," or the negatives thereof, and other similar expressions generally identify forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions and estimates and are subject to a number of risks and uncertainties, including, without limitation, impacts resulting from ongoing geopolitical conflicts; investments in large language models; that contracts may be terminated by customers; projected or committed volumes of work may not materialize; pipeline opportunities and customer discussions which may not materialize into work or expected volumes of work; the likelihood of continued development of the markets, particularly new and emerging markets, that our services support; the ability and willingness of our customers and prospective customers to execute business plans that give rise to requirements for our services; continuing reliance on project-based work in the Digital Data Solutions ("DDS") segment and the primarily at-will nature of such contracts and the ability of these customers to reduce, delay or cancel projects; potential inability to replace projects that are completed, canceled or reduced; our DDS segment's revenue concentration in a limited number of customers; our dependency on content providers in our Agility segment; our ability to achieve revenue and growth targets; difficulty in integrating and deriving synergies from acquisitions, joint ventures and strategic investments; potential undiscovered liabilities of companies and businesses that we may acquire; potential impairment of the carrying value of goodwill and other acquired intangible assets of companies and businesses that we acquire; a continued downturn in or depressed market conditions; changes in external market factors; the potential effects of U.S. global trading and monetary policy, including the interest rate policies of the Federal Reserve; changes in our business or growth strategy; the emergence of new, or growth in existing competitors; various other competitive and technological factors; our use of and reliance on information technology systems, including potential security breaches, cyber-attacks, privacy breaches or data breaches that result in the unauthorized disclosure of consumer, customer, employee or Company information, or service interruptions; and other risks and uncertainties indicated from time to time in our filings with the Securities and Exchange Commission ("SEC").Our actual results could differ materially from the results referred to in any forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks discussed in Part I, Item 1A. "Risk Factors," Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and other parts of our Annual Report on Form 10-K, filed with the SEC on February 24, 2025, and in our other filings that we may make with the SEC. In light of these risks and uncertainties, there can be no assurance that the results referred to in any forward-looking statements will occur, and you should not place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof.We undertake no obligation to update or review any guidance or other forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by the U.S. federal securities laws.Company ContactAneesh Pendharkar