Innodata Inc. operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment offers a range of solutions and platforms for solving data challenges that companies face when they seek to obtain the benefits of artificial intelligence systems and analytics platforms, including data annotation, data transformation, data curation, and intelligent automation. This segment also provides services for clients in the information industry that relate to content operations and product development. The Synodex segment offers an intelligent data platform that transforms medical records into useable digital data with its proprietary data models or client data models. The Agility segment provides an intelligent data platform that provides marketing communications and public relations professionals to target and distribute content to journalists and social media influencers; and to monitor and analyze global news channels, such as print, web, radio, and TV, as well as and social media channels. It serves banking, insurance, financial services, technology, digital retailing, and information/media sectors through its professional staff, senior management, and direct sales personnel. The company was formerly known as Innodata Isogen, Inc. and changed its name to Innodata Inc. in June 2012. Innodata Inc. was founded in 1988 and is headquartered in Ridgefield Park, New Jersey.
IPO Year: 1993
Exchange: NASDAQ
Website: innodata.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/19/2024 | $48.00 | Outperform | Wedbush |
| 9/17/2024 | $23.00 | Buy | Craig Hallum |
| 7/15/2024 | $30.00 | Buy | Maxim Group |
| 5/22/2024 | $24.00 | Buy | BWS Financial |
Wedbush initiated coverage of Innodata with a rating of Outperform and set a new price target of $48.00
Craig Hallum initiated coverage of Innodata with a rating of Buy and set a new price target of $23.00
Maxim Group initiated coverage of Innodata with a rating of Buy and set a new price target of $30.00
BWS Financial initiated coverage of Innodata with a rating of Buy and set a new price target of $24.00
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NEW YORK, NY / ACCESSWIRE / November 7, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the third quarter ended September 30, 2024.Revenue of $52.2 million, 136% revenue growth year-over-year.Net income of $17.4 million, or $0.60 per basic share and $0.51 per diluted share, compared to net income of $0.4 million, or $0.01 per basic and diluted share, in the same period last year. Third quarter net income included a $5.6 million benefit as a result of recognizing a deferred tax asset that related to our accumulated net operating losses and other deferred expenses from prior periods.Adjusted EBITDA of $13.9 million, an increase of 337% from $3.2 million in the same period last ye
NEW YORK, NY / ACCESSWIRE / September 26, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report Third Quarter 2024 results after the market closes on Thursday, November 7, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day."We're very much looking forward to our announcement and call on November 7th," said Jack Abuhoff, Innodata CEO.The call-in numbers for the conference call are:1-800-343-4136 (Domestic)+1 203-518-9848 (International)Participant Access Code INNODATAInvestors are also invited to access a l
NEW YORK, NY / ACCESSWIRE / August 8, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the second quarter ended June 30, 2024.Revenue of $32.6 million, an increase of 66% year-over-year.Earnings per basic and diluted share of $0.00, which includes the impact of recruitment costs of $3.6 million, compared to a net loss of $(0.8) million, or $(0.03) per basic and diluted share, in the same period last year.Adjusted EBITDA of $2.8 million, an increase of 76% year-over-year.*Won new Large Language Model (LLM) development programs and expansions for a Big Tech customer valued at approximately $87.5 million in annualized run rate revenue.Notable new customer wins and expectations of o
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report Second Quarter 2024 results after the market closes on Thursday, August 8, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day.The call-in numbers for the conference call are:1-877-545-0523 (Domestic)+1 973-528-0016 (International)Participant Access Code 5082271-877-481-4010 (Domestic Replay) +1 919-882-2331 (International Replay)Replay Passcode 50908Investors are also invited to access a live Webcast of the conferen
NEW YORK, NY / ACCESSWIRE / June 3, 2024 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, today announced that it has been awarded two new large language model (LLM) development programs by one of its existing "Magnificent Seven" Big Tech customers. Innodata anticipates that the new programs, once ramped up, will together result in approximately $44 million of additional annualized run rate revenue. These awards are in addition to the new programs and program expansion with this customer Innodata announced on April 24 and May 7. While Innodata's agreement with this customer contains early-termination-upon-notice provisions, Innodata believes this customer is committed to a
NEW YORK, NY / ACCESSWIRE / May 7, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the first quarter ended March 31, 2024.Revenue was $26.5 million, up 41% from $18.8 million in the same period last year.Net income was $1.0 million, or $0.03 per basic and diluted share, compared to a net loss of $(2.1) million, or $(0.08) per basic and diluted share, in the same period last year.Adjusted EBITDA was $3.8 million compared to Adjusted EBITDA of $0.8 million in the same period last year.*Cash, cash equivalents and short-term investments were $19.0 million at March 31, 2024 and $13.8 million at December 31, 2023.New program expansion valued at approximately $23.5 million in annualiz
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 7, 2024 /PRNewswire/ -- USA News Group – The rise of generative AI is currently adding considerable potential for accelerating economic growth across a wide array of sectors. In order to fully realize this potential, analysts at ING are highlighting how crucial investment in data and digital infrastructure will be moving forward. Citing estimates from Dell'Oro and Bank of America, ING has pointed out that investments from big tech companies in digital infrastructure is expected to grow between 15-22% this year alone. Another report from analysts at SNS Insider are projecting the AI Infrastructure Market
NEW YORK, NY / ACCESSWIRE / April 30, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report First Quarter 2024 results after the market closes on Tuesday, May 7, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day.The call-in numbers for the conference call are:1-888-506-0062 (Domestic)+1 973-528-0011 (International)Participant Access Code 7861821-877-481-4010 (Domestic Replay) +1 919-882-2331 (International Replay)Replay Passcode 50493Investors are also invited to access a live Webcast of the conference ca
NEW YORK, NY / ACCESSWIRE / April 25, 2024 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, today announced that it has released an open-source LLM Evaluation Toolkit, together with a repository of 14 semi-synthetic and human-crafted evaluation datasets, that enterprises can utilize for evaluating the safety of their Large Language Models (LLMs) in the context of enterprise tasks.Using the toolkit and the datasets, data scientists can automatically test the safety of underlying LLMs across multiple harm categories simultaneously. By identifying the precise input conditions that generate problematic outputs, developers can understand how their AI systems respond to a variety
NEW YORK, NY / ACCESSWIRE / April 24, 2024 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, today announced that it has been awarded three new large language model (LLM) development programs by one of its existing "Magnificent Seven" Big Tech customers. Innodata anticipates that the new programs, once ramped up, will together result in approximately $20 million of additional annualized run rate revenue. Prior to the new awards, annualized run rate revenue from the customer was approximately $23 million. Innodata expects that an amendment to its agreement with this customer reflecting these awards will be signed in the next few weeks. Innodata has already begun work on the n
NEW YORK, NY / ACCESSWIRE / October 3, 2022 / Innodata Inc. (NASDAQ:INOD), a leading technology company, announced today that Dr. Rada Mihalcea has joined its advisory board. Mihalcea is a Professor of Computer Science and Engineering at the University of Michigan and is Director of the University's Artificial Intelligence Laboratory. Mihalcea is the second member of Innodata's advisory board, following the appointment of Microsoft's US West region Chief Data Officer Eduardo Kassner announced June 30."We are excited and honored to have Professor Mihalcea on our new advisory board," said Jack Abuhoff, Chief Executive Officer of Innodata. "She is extremely well-regarded in the AI community for
Appoints Microsoft Exec as Inaugural MemberNEW YORK, NY / ACCESSWIRE / June 30, 2022 / Innodata Inc. (NASDAQ:INOD), a leading technology company, today announced the formation of its new Advisory Board dedicated to helping drive the company's growth and innovation initiatives. Innodata has appointed Eduardo Kassner, Chief Data Officer for Microsoft US West region, as the board's inaugural member. As a part of the board, Kassner will provide Innodata with strategic guidance and support as the company continues to expand into new markets and increase its foothold in existing markets."We are excited to welcome Eduardo to Innodata's brand-new Advisory Board," said Jack Abuhoff, Chief Executive O
NEW YORK, NY / ACCESSWIRE / January 18, 2022 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, today announced that it has launched an Applied AI practice, led by Ed Funaro, who joined Innodata last month as a Vice President. Funaro has 35 years' experience leading technology practices at several of the world's leading consulting companies and was Chief Revenue Officer at Cloud Sherpas, a cloud technology company, that he helped grow from a start-up to $175 million in revenue in eight years before it was sold to Accenture in late 2015.Innodata's Applied AI practice will help companies in multiple markets - including insurance, healthcare, and financial services - drive digit
NEW YORK, NY / ACCESSWIRE / November 7, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the third quarter ended September 30, 2024.Revenue of $52.2 million, 136% revenue growth year-over-year.Net income of $17.4 million, or $0.60 per basic share and $0.51 per diluted share, compared to net income of $0.4 million, or $0.01 per basic and diluted share, in the same period last year. Third quarter net income included a $5.6 million benefit as a result of recognizing a deferred tax asset that related to our accumulated net operating losses and other deferred expenses from prior periods.Adjusted EBITDA of $13.9 million, an increase of 337% from $3.2 million in the same period last ye
NEW YORK, NY / ACCESSWIRE / September 26, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report Third Quarter 2024 results after the market closes on Thursday, November 7, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day."We're very much looking forward to our announcement and call on November 7th," said Jack Abuhoff, Innodata CEO.The call-in numbers for the conference call are:1-800-343-4136 (Domestic)+1 203-518-9848 (International)Participant Access Code INNODATAInvestors are also invited to access a l
NEW YORK, NY / ACCESSWIRE / August 8, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the second quarter ended June 30, 2024.Revenue of $32.6 million, an increase of 66% year-over-year.Earnings per basic and diluted share of $0.00, which includes the impact of recruitment costs of $3.6 million, compared to a net loss of $(0.8) million, or $(0.03) per basic and diluted share, in the same period last year.Adjusted EBITDA of $2.8 million, an increase of 76% year-over-year.*Won new Large Language Model (LLM) development programs and expansions for a Big Tech customer valued at approximately $87.5 million in annualized run rate revenue.Notable new customer wins and expectations of o
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report Second Quarter 2024 results after the market closes on Thursday, August 8, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day.The call-in numbers for the conference call are:1-877-545-0523 (Domestic)+1 973-528-0016 (International)Participant Access Code 5082271-877-481-4010 (Domestic Replay) +1 919-882-2331 (International Replay)Replay Passcode 50908Investors are also invited to access a live Webcast of the conferen
NEW YORK, NY / ACCESSWIRE / May 7, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the first quarter ended March 31, 2024.Revenue was $26.5 million, up 41% from $18.8 million in the same period last year.Net income was $1.0 million, or $0.03 per basic and diluted share, compared to a net loss of $(2.1) million, or $(0.08) per basic and diluted share, in the same period last year.Adjusted EBITDA was $3.8 million compared to Adjusted EBITDA of $0.8 million in the same period last year.*Cash, cash equivalents and short-term investments were $19.0 million at March 31, 2024 and $13.8 million at December 31, 2023.New program expansion valued at approximately $23.5 million in annualiz
NEW YORK, NY / ACCESSWIRE / April 30, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report First Quarter 2024 results after the market closes on Tuesday, May 7, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day.The call-in numbers for the conference call are:1-888-506-0062 (Domestic)+1 973-528-0011 (International)Participant Access Code 7861821-877-481-4010 (Domestic Replay) +1 919-882-2331 (International Replay)Replay Passcode 50493Investors are also invited to access a live Webcast of the conference ca
NEW YORK, NY / ACCESSWIRE / March 25, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that its 2024 annual meeting of shareholders is scheduled for Wednesday, June 5, 2024, at 5:00 PM eastern time. The meeting will be held virtually.Shareholders of record as of the close of business on April 9, 2024 will be eligible to vote at the annual meeting.About InnodataInnodata (NASDAQ:INOD) is a global data engineering company delivering the promise of AI to many of the world's most prestigious companies. We provide AI-enabled software platforms and managed services for AI data collection/annotation, AI digital transformation, and industry-specific business processes. Our low-code Innodata AI tech
Fourth Quarter Revenue Up 35% Year-Over-YearNEW YORK, NY / ACCESSWIRE / February 22, 2024 / INNODATA INC. (NASDAQ:INOD) today reported results for the fourth quarter and the year ended December 31, 2023.Revenue for the quarter ended December 31, 2023 was $26.1 million, up 35% from revenue of $19.4 million in the same period last year. The comparative period included $0.5 million in revenue from the large social media company that underwent a significant management change in the second half of last year, as a result of which it dramatically pulled back spending across the board. There was no revenue from this company in the three months ended December 31, 2023.Net income for the quarter ended
NEW YORK, NY / ACCESSWIRE / February 16, 2024 / INNODATA INC. (NASDAQ:INOD) today announced that it will report Fourth Quarter and Fiscal Year 2023 results after the market closes on Thursday, February 22, 2024. A news release will be available in both the News and Investor Relations sections of the Innodata website, www.innodata.com.Innodata has scheduled an investor conference call for 5:00 PM Eastern time on that same day.The call-in numbers for the conference call are:1-888-506-0062 (Domestic)+1 973-528-0011 (International)Participant Access Code 3834511-877-481-4010 (Domestic Replay) +1 919-882-2331 (International Replay)Replay Passcode 49773Investors are also invited to access a live W
Revenue Up 20% Year-Over-Year; Accelerating Growth in Q4 and 2024 AnticipatedNEW YORK, NY / ACCESSWIRE / November 2, 2023 / INNODATA INC. (NASDAQ:INOD) today reported results for the third quarter ended September 30, 2023.Revenue for the quarter ended September 30, 2023 was $22.2 million, up 20% year over year. The comparative period included $1.0 million in revenue from the large social media company that underwent a significant management change in the second half of last year, as a result of which it dramatically pulled back spending across the board. There was no revenue from this company in the three months ended September 30, 2023.Net income for the quarter ended September 30, 2023 was