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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/17/2024 | $23.00 | Buy | Craig Hallum |
| 7/15/2024 | $30.00 | Buy | Maxim Group |
| 5/22/2024 | $24.00 | Buy | BWS Financial |
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
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
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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
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Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) fell sharply during Monday's session after the company announced a workforce reduction. SolarEdge disclosed a decision to lay off 400 employees. The company stated that 200 of these job cuts are in Israel. The action involves reducing headcount and discretionary spending across all departments. SolarEdge Technologies shares dipped 12.2% to $27.77 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Autonomix Medical, Inc. (NASDAQ:AMIX) shares climbed 148% to $1.4850 after the company entered into an agreement with RF Innovations to license intellectual property for its Apex 6 Radiofrequency Gener
U.S. stocks were higher, with the Dow Jones index gaining around 250 points on Monday. Shares of MicroStrategy Incorporated (NASDAQ:MSTR) rose sharply during Monday's session amid a rise Bitcoin. Bitcoin prices rose past the key $63,000 level on Monday. MicroStrategy shares jumped 11.5% to $1,556.89 during the session. Here are some other big stocks recording gains in today’s session. Trump Media & Technology Group Corp. (NASDAQ:DJT) shares jumped 32.8% to $41.03 following the attempted assassination of Donald Trump. The company's CEO Devin Nunes issued the following statement in response to the attempted assassination of President Donald J. Trump, “I offer my deepest sympath