NASDAQ:INOD | Roast Me | INNODATA INC

48/120 All 120 Win/Lose results shown below

Every strict quarterly win earns 1 point. A loss, tie, or unavailable scoring value earns 0. Gray context columns never affect the score. CEO quarterly pay is the explicitly marked annual ÷ 4 estimate.

Trailing 1 year (4 quarters): 7 wins, 5 lossesLast fetched: 4 Sept 2026

Complete point ledger

Each cell identifies the missing side explicitly. Unavailable evidence scores 0 only in Win/Lose columns; gray columns award no points.

QuarterTotal returnRevenue growthEPS growthNet marginNon-scoringTrailing P/ENon-scoringPrice/bookNon-scoringCEO quarterly payNon-scoringImplied DilutionNon-scoringImplied BuybackNon-scoring
2026-Q22/3 WinINOD / S&P
95.70% / 15.20%
WinINOD / S&P
39.02% / 15.00%
LoseINOD / S&P
3.94% / 50.40%
Non-scoringINOD / S&P
14.66% / 15.70%
Non-scoringINOD / S&P
55.89 / 28.47
Non-scoringINOD / S&P
16.28 / S&P unavailable
Non-scoringINOD / S&P
INOD unavailable / S&P unavailable
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.36b
2026-Q11/3 LoseINOD / S&P
-24.20% / -4.33%
WinINOD / S&P
40.10% / 11.30%
LoseINOD / S&P
3.74% / 27.70%
Non-scoringINOD / S&P
13.86% / 14.80%
Non-scoringINOD / S&P
32.10 / 25.43
Non-scoringINOD / S&P
9.83 / S&P unavailable
Non-scoringINOD / S&P
INOD unavailable / S&P unavailable
Non-scoringINOD / S&P
INOD unavailable / $0.27b
Non-scoringINOD / S&P
INOD unavailable / $0.00b
2025-Q41/3 LoseINOD / S&P
-33.89% / 2.65%
WinINOD / S&P
47.64% / 9.00%
LoseINOD / S&P
3.41% / 13.40%
Non-scoringINOD / S&P
12.79% / 13.20%
Non-scoringINOD / S&P
51.20 / 28.48
Non-scoringINOD / S&P
15.38 / 5.39
Non-scoringINOD / S&P
INOD unavailable / $4.42m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.20b
2025-Q33/3 WinINOD / S&P
50.47% / 8.12%
WinINOD / S&P
73.57% / 4.61%
WinINOD / S&P
66.67% / 13.45%
Non-scoringINOD / S&P
14.11% / 11.78%
Non-scoringINOD / S&P
72.98 / 28.13
Non-scoringINOD / S&P
25.23 / 5.27
Non-scoringINOD / S&P
INOD unavailable / $4.42m
Non-scoringINOD / S&P
INOD unavailable / $0.11b
Non-scoringINOD / S&P
INOD unavailable / $0.00b
2025-Q23/3 WinINOD / S&P
42.67% / 10.94%
WinINOD / S&P
112.54% / 4.83%
WinINOD / S&P
1170.00% / 10.63%
Non-scoringINOD / S&P
18.71% / 11.45%
Non-scoringINOD / S&P
38.21 / 27.10
Non-scoringINOD / S&P
18.81 / 5.01
Non-scoringINOD / S&P
INOD unavailable / $4.42m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.23b
2025-Q12/3 LoseINOD / S&P
-9.16% / -4.27%
WinINOD / S&P
114.21% / 4.98%
WinINOD / S&P
1428.57% / 10.57%
Non-scoringINOD / S&P
17.53% / 11.39%
Non-scoringINOD / S&P
32.14 / 26.23
Non-scoringINOD / S&P
15.10 / 4.69
Non-scoringINOD / S&P
INOD unavailable / $4.42m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.10b
2024-Q42/3 WinINOD / S&P
135.66% / 2.41%
WinINOD / S&P
96.44% / 5.25%
LoseINOD / S&P
-2300.00% / 6.15%
Non-scoringINOD / S&P
16.81% / 11.29%
Non-scoringINOD / S&P
43.16 / 28.60
Non-scoringINOD / S&P
19.49 / 4.99
Non-scoringINOD / S&P
INOD unavailable / $4.28m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.08b
2024-Q32/3 WinINOD / S&P
13.08% / 5.89%
WinINOD / S&P
71.66% / 5.89%
LoseINOD / S&P
-452.94% / 6.11%
Non-scoringINOD / S&P
14.56% / 10.87%
Non-scoringINOD / S&P
24.32 / 28.09
Non-scoringINOD / S&P
10.19 / 4.94
Non-scoringINOD / S&P
INOD unavailable / $4.28m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.21b
2024-Q22/3 WinINOD / S&P
124.70% / 4.28%
WinINOD / S&P
40.65% / 5.38%
LoseINOD / S&P
-133.33% / 5.12%
Non-scoringINOD / S&P
2.78% / 10.85%
Non-scoringINOD / S&P
144.11 / 27.64
Non-scoringINOD / S&P
14.84 / 4.79
Non-scoringINOD / S&P
INOD unavailable / $4.28m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.36b
2024-Q11/3 LoseINOD / S&P
-18.92% / 10.56%
WinINOD / S&P
23.21% / 5.71%
LoseINOD / S&P
-117.07% / 5.59%
Non-scoringINOD / S&P
2.31% / 10.81%
Non-scoringINOD / S&P
86.97 / 27.02
Non-scoringINOD / S&P
6.89 / 4.71
Non-scoringINOD / S&P
INOD unavailable / $4.28m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.12b
2023-Q41/3 LoseINOD / S&P
-4.57% / 11.69%
WinINOD / S&P
9.84% / 6.81%
LoseINOD / S&P
-90.70% / 7.78%
Non-scoringINOD / S&P
-1.06% / 11.19%
Non-scoringINOD / S&P
INOD unavailable / 24.35
Non-scoringINOD / S&P
9.11 / 4.31
Non-scoringINOD / S&P
INOD unavailable / $4.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.01b
2023-Q30/3 LoseINOD / S&P
-24.71% / -3.27%
LoseINOD / S&P
1.42% / 7.52%
LoseINOD / S&P
-57.50% / -5.03%
Non-scoringINOD / S&P
-5.56% / 10.84%
Non-scoringINOD / S&P
INOD unavailable / 23.93
Non-scoringINOD / S&P
10.71 / 3.98
Non-scoringINOD / S&P
INOD unavailable / $4.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.24b
2023-Q22/3 WinINOD / S&P
32.67% / 8.74%
LoseINOD / S&P
-2.06% / 9.50%
WinINOD / S&P
-3.23% / -8.57%
Non-scoringINOD / S&P
-10.67% / 10.88%
Non-scoringINOD / S&P
INOD unavailable / 24.01
Non-scoringINOD / S&P
15.53 / 4.19
Non-scoringINOD / S&P
INOD unavailable / $4.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.17b
2023-Q12/3 WinINOD / S&P
187.54% / 7.50%
LoseINOD / S&P
2.22% / 10.77%
WinINOD / S&P
141.18% / -15.69%
Non-scoringINOD / S&P
-14.57% / 10.82%
Non-scoringINOD / S&P
INOD unavailable / 22.66
Non-scoringINOD / S&P
12.77 / 3.93
Non-scoringINOD / S&P
INOD unavailable / $4.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.13b
2022-Q42/3 LoseINOD / S&P
-1.66% / 7.56%
WinINOD / S&P
13.25% / 11.88%
WinINOD / S&P
616.67% / -17.99%
Non-scoringINOD / S&P
-15.02% / 11.09%
Non-scoringINOD / S&P
INOD unavailable / 22.65
Non-scoringINOD / S&P
4.34 / 3.75
Non-scoringINOD / S&P
INOD unavailable / $3.70m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.15b
2022-Q31/3 LoseINOD / S&P
-37.60% / -4.88%
WinINOD / S&P
20.00% / 13.47%
LoseINOD / S&P
-2100.00% / -1.41%
Non-scoringINOD / S&P
-14.04% / 12.28%
Non-scoringINOD / S&P
INOD unavailable / 20.58
Non-scoringINOD / S&P
4.65 / 3.60
Non-scoringINOD / S&P
INOD unavailable / $3.70m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.17b
2022-Q21/3 LoseINOD / S&P
-30.76% / -16.10%
WinINOD / S&P
23.95% / 13.71%
LoseINOD / S&P
-616.67% / 11.04%
Non-scoringINOD / S&P
-10.98% / 13.03%
Non-scoringINOD / S&P
INOD unavailable / 20.28
Non-scoringINOD / S&P
6.29 / 3.78
Non-scoringINOD / S&P
INOD unavailable / $3.70m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.17b
2022-Q12/3 WinINOD / S&P
18.07% / -4.60%
WinINOD / S&P
25.64% / 15.97%
LoseINOD / S&P
INOD unavailable / 42.23%
Non-scoringINOD / S&P
-6.43% / 14.22%
Non-scoringINOD / S&P
INOD unavailable / 22.19
Non-scoringINOD / S&P
7.67 / 4.51
Non-scoringINOD / S&P
INOD unavailable / $3.70m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.20b
2021-Q41/3 LoseINOD / S&P
-37.88% / 11.03%
WinINOD / S&P
19.77% / 15.00%
LoseINOD / S&P
INOD unavailable / 96.40%
Non-scoringINOD / S&P
-2.31% / 15.13%
Non-scoringINOD / S&P
INOD unavailable / 23.63
Non-scoringINOD / S&P
5.37 / 4.73
Non-scoringINOD / S&P
INOD unavailable / $3.63m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.13b
2021-Q32/3 WinINOD / S&P
36.14% / 0.58%
WinINOD / S&P
14.12% / 10.77%
LoseINOD / S&P
INOD unavailable / 69.42%
Non-scoringINOD / S&P
1.03% / 14.13%
Non-scoringINOD / S&P
380.54 / 25.35
Non-scoringINOD / S&P
8.42 / 4.38
Non-scoringINOD / S&P
INOD unavailable / $3.63m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.19b
2021-Q22/3 WinINOD / S&P
11.11% / 8.55%
WinINOD / S&P
10.44% / 6.58%
LoseINOD / S&P
INOD unavailable / 51.81%
Non-scoringINOD / S&P
2.68% / 13.34%
Non-scoringINOD / S&P
111.49 / 26.70
Non-scoringINOD / S&P
5.99 / 4.43
Non-scoringINOD / S&P
INOD unavailable / $3.63m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.11b
2021-Q12/3 WinINOD / S&P
18.87% / 6.17%
WinINOD / S&P
5.26% / -1.06%
LoseINOD / S&P
INOD unavailable / 7.39%
Non-scoringINOD / S&P
2.06% / 11.60%
Non-scoringINOD / S&P
134.47 / 30.50
Non-scoringINOD / S&P
5.49 / 4.23
Non-scoringINOD / S&P
INOD unavailable / $3.63m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.10b
2020-Q42/3 WinINOD / S&P
71.52% / 12.15%
WinINOD / S&P
4.26% / -3.72%
LoseINOD / S&P
INOD unavailable / -33.42%
Non-scoringINOD / S&P
0.81% / 8.86%
Non-scoringINOD / S&P
291.56 / 39.26
Non-scoringINOD / S&P
4.61 / 4.05
Non-scoringINOD / S&P
INOD unavailable / $3.17m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.01b
2020-Q32/3 WinINOD / S&P
130.60% / 8.93%
WinINOD / S&P
2.61% / -2.04%
LoseINOD / S&P
INOD unavailable / -27.10%
Non-scoringINOD / S&P
2.79% / 9.24%
Non-scoringINOD / S&P
47.48 / 34.27
Non-scoringINOD / S&P
2.98 / 3.65
Non-scoringINOD / S&P
INOD unavailable / $3.17m
Non-scoringINOD / S&P
INOD unavailable / $0.02b
Non-scoringINOD / S&P
INOD unavailable / $0.00b
2020-Q22/3 WinINOD / S&P
67.50% / 20.54%
WinINOD / S&P
0.99% / -0.46%
LoseINOD / S&P
INOD unavailable / -27.11%
Non-scoringINOD / S&P
1.48% / 9.37%
Non-scoringINOD / S&P
44.04 / 31.29
Non-scoringINOD / S&P
1.51 / 3.44
Non-scoringINOD / S&P
INOD unavailable / $3.17m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.03b
2020-Q10/3 LoseINOD / S&P
-29.82% / -19.60%
LoseINOD / S&P
-0.52% / 3.47%
LoseINOD / S&P
INOD unavailable / -14.75%
Non-scoringINOD / S&P
1.31% / 10.68%
Non-scoringINOD / S&P
29.68 / 22.80
Non-scoringINOD / S&P
0.90 / 2.92
Non-scoringINOD / S&P
INOD unavailable / $3.17m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.05b
2019-Q40/3 LoseINOD / S&P
-13.64% / 9.07%
LoseINOD / S&P
-2.72% / 5.36%
LoseINOD / S&P
INOD unavailable / 2.99%
Non-scoringINOD / S&P
1.18% / 12.81%
Non-scoringINOD / S&P
42.38 / 22.78
Non-scoringINOD / S&P
1.09 / 3.53
Non-scoringINOD / S&P
INOD unavailable / $3.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.05b
2019-Q31/3 WinINOD / S&P
46.67% / 1.70%
LoseINOD / S&P
-3.34% / 5.02%
LoseINOD / S&P
INOD unavailable / 0.21%
Non-scoringINOD / S&P
-3.34% / 12.41%
Non-scoringINOD / S&P
INOD unavailable / 22.44
Non-scoringINOD / S&P
1.17 / 3.30
Non-scoringINOD / S&P
INOD unavailable / $3.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.09b
2019-Q20/3 LoseINOD / S&P
-29.13% / 4.30%
LoseINOD / S&P
-4.58% / 6.64%
LoseINOD / S&P
INOD unavailable / 8.65%
Non-scoringINOD / S&P
-1.11% / 12.79%
Non-scoringINOD / S&P
INOD unavailable / 21.37
Non-scoringINOD / S&P
0.79 / 3.32
Non-scoringINOD / S&P
INOD unavailable / $3.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.27b
2019-Q10/3 LoseINOD / S&P
-15.33% / 13.65%
LoseINOD / S&P
-5.17% / 8.12%
LoseINOD / S&P
INOD unavailable / 14.29%
Non-scoringINOD / S&P
-0.77% / 12.97%
Non-scoringINOD / S&P
INOD unavailable / 20.86
Non-scoringINOD / S&P
1.09 / 3.26
Non-scoringINOD / S&P
INOD unavailable / $3.08m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $34.35b
2018-Q41/3 WinINOD / S&P
2.04% / -13.52%
LoseINOD / S&P
-5.76% / 9.05%
LoseINOD / S&P
INOD unavailable / 18.23%
Non-scoringINOD / S&P
-0.44% / 13.10%
Non-scoringINOD / S&P
INOD unavailable / 19.39
Non-scoringINOD / S&P
1.31 / 2.94
Non-scoringINOD / S&P
INOD unavailable / $3.00m
Non-scoringINOD / S&P
INOD unavailable / $0.01b
Non-scoringINOD / S&P
INOD unavailable / $0.00b
2018-Q31/3 WinINOD / S&P
47.00% / 7.71%
LoseINOD / S&P
-4.67% / 10.21%
LoseINOD / S&P
INOD unavailable / 19.06%
Non-scoringINOD / S&P
-3.68% / 13.01%
Non-scoringINOD / S&P
INOD unavailable / 22.25
Non-scoringINOD / S&P
1.26 / 3.45
Non-scoringINOD / S&P
INOD unavailable / $3.00m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.17b
2018-Q20/3 LoseINOD / S&P
-13.04% / 3.43%
LoseINOD / S&P
-4.71% / 9.03%
LoseINOD / S&P
INOD unavailable / 14.46%
Non-scoringINOD / S&P
-6.59% / 12.56%
Non-scoringINOD / S&P
INOD unavailable / 22.49
Non-scoringINOD / S&P
0.87 / 3.25
Non-scoringINOD / S&P
INOD unavailable / $3.00m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.19b
2018-Q10/3 LoseINOD / S&P
-15.44% / -0.76%
LoseINOD / S&P
-3.58% / 7.68%
LoseINOD / S&P
INOD unavailable / 12.46%
Non-scoringINOD / S&P
-5.98% / 12.27%
Non-scoringINOD / S&P
INOD unavailable / 23.41
Non-scoringINOD / S&P
0.98 / 3.17
Non-scoringINOD / S&P
INOD unavailable / $3.00m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.08b
2017-Q40/3 LoseINOD / S&P
-9.33% / 6.64%
LoseINOD / S&P
-3.40% / 7.03%
LoseINOD / S&P
INOD unavailable / 13.82%
Non-scoringINOD / S&P
-8.30% / 12.09%
Non-scoringINOD / S&P
INOD unavailable / 24.25
Non-scoringINOD / S&P
1.15 / 3.23
Non-scoringINOD / S&P
INOD unavailable / $2.92m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.05b
2017-Q30/3 LoseINOD / S&P
-14.29% / 4.48%
LoseINOD / S&P
-3.14% / 5.68%
LoseINOD / S&P
INOD unavailable / 17.57%
Non-scoringINOD / S&P
-6.48% / 12.04%
Non-scoringINOD / S&P
INOD unavailable / 23.28
Non-scoringINOD / S&P
1.19 / 3.08
Non-scoringINOD / S&P
INOD unavailable / $2.92m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.11b
2017-Q20/3 LoseINOD / S&P
-20.45% / 3.09%
LoseINOD / S&P
-0.02% / 4.83%
LoseINOD / S&P
INOD unavailable / 17.74%
Non-scoringINOD / S&P
-9.11% / 11.96%
Non-scoringINOD / S&P
INOD unavailable / 23.40
Non-scoringINOD / S&P
1.36 / 3.03
Non-scoringINOD / S&P
INOD unavailable / $2.92m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.08b
2017-Q10/3 LoseINOD / S&P
-10.20% / 6.07%
LoseINOD / S&P
3.16% / 3.67%
LoseINOD / S&P
INOD unavailable / 13.32%
Non-scoringINOD / S&P
-11.64% / 11.75%
Non-scoringINOD / S&P
INOD unavailable / 23.60
Non-scoringINOD / S&P
1.72 / 3.01
Non-scoringINOD / S&P
INOD unavailable / $2.92m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $20.24b
2016-Q41/3 LoseINOD / S&P
-1.21% / 3.82%
WinINOD / S&P
7.78% / 2.09%
LoseINOD / S&P
INOD unavailable / 7.05%
Non-scoringINOD / S&P
-8.76% / 11.37%
Non-scoringINOD / S&P
INOD unavailable / 23.76
Non-scoringINOD / S&P
1.86 / 2.91
Non-scoringINOD / S&P
INOD unavailable / $2.88m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $1.11b
2016-Q31/3 LoseINOD / S&P
1.22% / 3.85%
WinINOD / S&P
6.84% / 0.20%
LoseINOD / S&P
INOD unavailable / -3.15%
Non-scoringINOD / S&P
-8.16% / 10.82%
Non-scoringINOD / S&P
INOD unavailable / 24.22
Non-scoringINOD / S&P
1.83 / 2.78
Non-scoringINOD / S&P
INOD unavailable / $2.88m
Non-scoringINOD / S&P
INOD unavailable / $0.00b
Non-scoringINOD / S&P
INOD unavailable / $0.16b

Dividend-reinvested, split-adjusted total return

1Y · 2025-08-29 to 2026-08-27

MetricINOD total returnS&P 500 Total Return Index
Total return55.95%20.78%
Annualized return55.95%20.78%

5Y · 2021-09-01 to 2026-08-27

MetricINOD total returnS&P 500 Total Return Index
Total return658.39%83.14%
Annualized return49.96%12.86%

10Y · 2016-09-01 to 2026-08-27

MetricINOD total returnS&P 500 Total Return Index
Total return2497.81%319.30%
Annualized return38.50%15.41%

Calculation rules

window
Latest 40 completed benchmark quarters; unavailable issuer evidence remains visible and scores 0.
return Basis
Issuer adjusted close reinvests distributions and normalizes splits; the S&P 500 Total Return Index is the direct benchmark.
point Rule
Strict same-quarter win = 1. Loss, tie or unavailable evidence = 0. No partial or subjective points.
frequency
Quarter endpoints only.
fundamentals
Trailing-four-quarter issuer revenue and EPS growth use the issuer's normalized government-filed facts.
non Scoring
Net margin, P/E, P/B and other gray context columns never enter the score.

Snapshot captured 2026-09-04.