Innodata Inc.

Q3 2022 Earnings Conference Call

11/10/2022

spk00: Further questions in the queue? I'll turn the program back to Jack Applehouse for any additional or closing remarks. Thank you, operator. So, you know, the momentum in our business is evident. We have 10 large customers for our AI ML solutions, four that were just won recently, that we anticipate will grow in 2023, some significantly, despite the economic downturn. We have three recently announced wins in the Synodex business, two of which are ramping up now and one likely to ramp up in the first quarter. In agility, we're seeing 107% year-to-date increases in bookings, 49% increases in mid-market ASP. We're at 200% increase in mid-market ASP when combined with our new social media platform. So really, you know, across the businesses, we're succeeding at land and expand as well as reaching new logos. And we believe that we're actually well positioned to navigate a challenging economy. Now, on the other side of the ledger, uniquely standing alone is the unforeseeable circumstances that have affected our large social media customer. Importantly, our business plan, which includes growth as well as a near-term return to positive adjusted EBITDA, is not dependent on business with this customer picking up, even though we anticipate that it likely will. So our enthusiasm about our market opportunity and our conviction in the intrinsic value of our business truly remain as strong as ever. Thank you all for joining, and I'll look forward to our next call. This concludes today's program. Thank you for your participation, and you may disconnect at any time.
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