Q4 2024 Innodata Inc Earnings Call Transcript

Feb 20, 2025 / 10:00 PM GMT

Transcript 10-K8-K

Key Points

Positve

Innodata Inc (INOD) reported a Q4 2024 revenue of $59.2 million, marking a 127% year-over-year increase, surpassing their projected guidance.
The company achieved a full-year 2024 revenue of $170.5 million, up 96% from 2023, with an adjusted EBITDA of $34.6 million, a 250% increase year-over-year.
Innodata Inc (INOD) ended the year with $46.9 million in cash, significantly up from $13.8 million at the end of 2023, and has an undrawn $30 million credit facility.
The company forecasts 40% or more revenue growth for 2025, with plans to update guidance as new business is secured.
Innodata Inc (INOD) has expanded its annualized run rate revenue with its largest customer to approximately $135 million, with additional programs and expansions valued at $24 million.

Negative

The effective tax rate for 2025 is expected to be in the range of 28% to 31.5%, up from a negative 17.1% in 2024 due to the utilization of accumulated net operating losses.
The company acknowledges the risks and uncertainties associated with forward-looking statements, which could result in actual results differing materially.
Innodata Inc (INOD) plans to reinvest a portion of its cash from operations back into the business, which may impact short-term profitability.
The company faces challenges in capturing and utilizing the vast amount of data required for training future AI models, as current models use only a fraction of available data.
There is a potential risk of model collapse with data distillation techniques, which could limit performance and innovation in AI model development.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

INOD.OQ - Innodata Inc
Q4 2024 Innodata Inc Earnings Call
Feb 20, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon ladies and gentlemen, and welcome to the EU data to report 4th quarter and fiscal year 2024 results conference call.

At this time, all lines are in lesson only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press 0 for the operator.

This call is being recorded on Thursday, February 20, 2025. I would like to turn the conference over to Amy Ires, general counsel at Inno Data Inc. Please go ahead.

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Unidentified_2 [2]
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Thank you, Ena.

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