Innodata (NASDAQ: INOD) reported Q4 EPS of ($0.01), $0.02 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $15.9 million versus the consensus estimate of $15.1 million.

Jack Abuhoff, Chairman and CEO, said, "All three of our reporting segments contributed to our 7% sequential Q4 revenue increase. Our Q4 revenue exceeded the high end of our guidance by $0.4 million because to accommodate publishers who were seeking to broaden their digital offerings in time for holiday sales we accelerated to Q4 work that we had scheduled for Q1 2015."

Abuhoff continued, "In our IADS segment, we successfully launched our Synodex 3.0 solution in November with a new life insurance client. We are cautiously optimistic that we will expand services for a major reinsurance company within the next month or two, and we are actively negotiating several other contracts with new Synodex clients.

"In our Media Intelligence Solutions segment we acquired Bulldog Reporter, a brand that is well regarded in the PR community for its highly coveted awards program and for its media contact guides, journalist database and special reports. We believe the assets we acquired will enable us to accelerate MediaMiser's expansion from Canada into the U.S."

Abuhoff concluded, "We anticipate first quarter 2015 revenue to be in the range of $13.5-14.5 million, consisting of Content Services revenue in the range of $12.2-13.0 million, Media Intelligence Solutions revenue in the range of $1.0-1.1 million and IADS revenue in the range of $0.3-0.4 million, and we anticipate a pre-tax loss in the first quarter of 2015 in the range of $1.8-2.1 million plus cap-ex for our IADS segment that we expense through our income statement. We expect the reduction in first quarter Content Services revenue because of several projects that were completed in Q4 2014, a decrease in Q1 eBook volume corresponding to the volume that we pushed forward into Q4 to accommodate publishers, and the depreciation of the Euro and Canadian dollar against the U.S. dollar. However, we anticipate that second quarter revenue will increase as IADS revenue continues to build, eBook revenues re-align with our forecasts and several new Content Services engagements commence."

For earnings history and earnings-related data on Innodata (INOD) click here.