Overview
- Innodata reported Q1 revenue of $90.1 million, up 54% year over year, and lifted its full‑year growth outlook to about 40% or more.
- The company disclosed a new engagement with a major Big Tech client expected to generate roughly $51 million in 2026.
- Innodata launched an agent observability platform in beta, signed a $1 million deal with a hyperscaler, and said about 15 companies are evaluating it.
- Profitability and liquidity improved, with a 47% adjusted gross margin, $25 million in adjusted EBITDA, $117.4 million in cash, and an undrawn $50 million Wells Fargo credit facility.
- The stock jumped sharply after the release as analysts raised targets, including Maxim at $111 and Wedbush at $80.