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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