Innodata Inc. (NASDAQ:INOD) shares surged in premarket trading Friday after the artificial intelligence data engineering company reported first-quarter results that topped Wall Street estimates and raised its full-year 2026 revenue outlook.

Innodata Revenue Growth And Earnings Beat

Revenue rose 54% year over year to $90.096 million, beating analyst estimates of $76.469 million. Adjusted earnings came in at 42 cents per share, above consensus expectations of 17 cents.

Adjusted gross profit increased to $42.6 million, with margin expanding to 47%. Adjusted EBITDA climbed to $25 million from $12.7 million a year earlier.

The company ended the quarter with $117.4 million in cash, cash equivalents and short-term investments as of March ...