Innodata reports Q3 EPS 24c vs 51c last year

Reports Q3 revenue $62.6M, consensus $59.78M. Jack Abuhoff, CEO, said, “Our third quarter marked another record-setting performance for Innodata (INOD), with revenue, profitability, and cash all at all-time highs. Looking ahead, in 2026, we anticipate a continuation of our transformative growth, fueled by (1) deepening relationships with the world's leading Big Tech and AI innovation labs, as evidenced by verbal confirmation of an expansion with our largest customer that could potentially result in substantial revenue, verbal confirmation of a deal with another Big Tech which could potentially result in $6.5 million of annualized revenue runrate, and five new Big Tech customers we have either landed or expect to finalize shortly, two of which are global leaders in commerce, cloud and AI; and (2) strong early returns from seven major investment areas, several of which we are announcing.”