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Innodata Inc. - INOD STOCK NEWS

Welcome to our dedicated page for Innodata news (Ticker: INOD), a resource for investors and traders seeking the latest updates and insights on Innodata stock.

Innodata Inc. (NASDAQ: INOD) is a global leader in digital services and solutions. Founded in 1988, Innodata has grown into a powerhouse, providing cutting-edge technology and services that drive performance for prestigious enterprises across various industries. These include publishers, media and information companies, digital retailers, banks, insurance companies, and government agencies, among others.

Innodata's core business is divided into three primary segments: Digital Data Solutions, Synodex, and Agility. The Digital Data Solutions segment helps organizations harness digital data to reimagine operations and drive performance. Synodex focuses on transforming unstructured data into structured formats for the insurance and healthcare industries. The Agility segment offers innovative PR and media intelligence solutions, streamlining media monitoring, outreach, and analysis through its Agility PR Solutions platform.

Recently, Innodata has achieved significant milestones. In Q4 2023, the company reported a 35% year-over-year revenue growth, driven by strong customer demand for generative AI services. The company secured a three-year deal with a major tech company, valued at approximately $69 million over three years. This was followed by multiple new program awards and expansions with its 'Magnificent Seven' Big Tech customers, propelling Innodata's market position and revenue growth.

Innodata's technological prowess is showcased through its AI-enabled software platforms and managed services for AI data collection, annotation, digital transformation, and industry-specific business processes. The company's low-code Innodata AI technology platform lies at the heart of its offerings, ensuring scalability and efficiency.

Financially, Innodata is in a strong position, reporting record revenues of $26.5 million in Q1 2024, marking a 41% year-over-year growth. The company has raised its 2024 revenue guidance to at least 40% organic growth, driven by its robust business momentum and strategic investments in sales, marketing, and product development.

Innodata continues to innovate, recently releasing its Intelligent Insights feature within the Agility PR platform, leveraging generative AI to enhance media intelligence capabilities. The company also introduced an open-source LLM Evaluation Toolkit, aiding enterprises in evaluating the safety of their Large Language Models (LLMs) across multiple harm categories.

With a team of 5,000 diverse professionals across eight countries, Innodata remains dedicated to delivering unparalleled services and solutions. Recognized as an industry leader in knowledge process outsourcing and publishing services, Innodata was named to the Global Outsourcing 100 list and several top ten categories by the International Association of Outsourcing Professionals.

For more information about Innodata and its innovative solutions, visit their website.

Rhea-AI Summary

Innodata (INOD) reported exceptional Q3 2024 results with record revenue of $52.2 million, representing 136% year-over-year growth. Net income reached $17.4 million ($0.60 per basic share), including a $5.6 million tax benefit. Adjusted EBITDA grew 337% to $13.9 million. Cash position strengthened to $26.4 million. The company raised its full-year 2024 guidance to 88-92% revenue growth. Innodata expanded its Big Tech customer base to include five Magnificent Seven companies and secured new wins, including a prominent social media company and a second federal government agency.

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Innodata Inc. (Nasdaq: INOD) has announced that it will release its Third Quarter 2024 results after market close on Thursday, November 7, 2024. The company will host an investor conference call at 5:00 PM Eastern time on the same day to discuss the results. CEO Jack Abuhoff expressed anticipation for the announcement and call.

Investors can access the conference call via phone using the following numbers:

  • Domestic: 1-800-343-4136
  • International: +1 203-518-9848
  • Participant Access Code: INNODATA
A live webcast of the call will also be available in listen-only mode on the company's website. Both the call-in and webcast replay will be accessible for 30 days following the conference call in the Investor Relations section of www.innodata.com.

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Innodata Inc. (NASDAQ: INOD) reported impressive Q2 2024 results, with revenue reaching $32.6 million, a 66% year-over-year increase. The company achieved break-even earnings per share, despite $3.6 million in recruitment costs. Adjusted EBITDA grew 76% to $2.8 million. Innodata secured significant Large Language Model (LLM) development programs with a Big Tech customer, valued at approximately $87.5 million in annualized run rate revenue. The company raised its 2024 revenue growth guidance to 60% or more. Innodata expanded its credit facility to $30 million and filed for a $50 million universal shelf registration, positioning itself for continued growth in the generative AI market.

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Innodata Inc. (Nasdaq: INOD) has announced it will report its Second Quarter 2024 results after market close on Thursday, August 8, 2024. The company has scheduled an investor conference call at 5:00 PM Eastern time on the same day. Investors can access the call using the provided domestic and international call-in numbers, or listen to a live webcast through Innodata's Investor Relations website. A replay of the call will be available for 30 days following the conference call.

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Innodata, a leading data engineering firm, announced new large language model (LLM) development programs awarded by a 'Magnificent Seven' Big Tech customer. These programs are expected to generate approximately $44 million in additional annual run rate revenue. This follows previous program expansions announced in April and May 2024. Despite an early-termination clause in the agreement, Innodata believes the customer is committed to a substantial, multi-year LLM strategy. The CEO, Jack Abuhoff, highlighted the value of Innodata's high-quality data for LLM instruction-tuning. The company sees significant growth opportunities in the LLM and generative AI sectors.

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Innodata Inc. reported record first-quarter results with revenue at $26.5 million, up 41% year-over-year. The company saw a net income of $1.0 million and adjusted EBITDA of $3.8 million. Cash, cash equivalents, and investments stood at $19.0 million. Innodata raised its 2024 guidance to at least 40% organic revenue growth, driven by new program expansions and customer wins in generative AI. The company maintains a strong balance sheet with plans for strategic investments to support growth.

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Innodata Inc. (NASDAQ: INOD) will release its First Quarter 2024 results on May 7, 2024. The report will be accessible on the company's website. An investor conference call is scheduled for the same day at 5:00 PM Eastern time. Investors can participate via call-in numbers or access a live webcast. Replay options will be available for 30 days.

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Innodata Inc. (NASDAQ:INOD) releases an open-source LLM Evaluation Toolkit and Evaluation Datasets, offering solutions for evaluating Large Language Models (LLMs) safety across multiple harm categories. The company also announced new LLM Trust and Safety wins, showcasing its commitment to AI system refinement and enterprise task alignment.
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Innodata Inc. has been awarded three new large language model (LLM) development programs by one of its existing 'Magnificent Seven' Big Tech customers, leading to approximately $20 million in annualized run rate revenue. The company expects further expansion opportunities in 2024, with positive feedback from the customer on the quality of services provided. This news reflects a strong growth trajectory for Innodata in the data engineering sector.
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Innodata Inc. (NASDAQ:INOD) will host a webinar on safeguarding LLM deployment featuring industry experts. The webinar will discuss evaluating Large Language Models, red teaming techniques, responsible development and deployment practices, and insights on the future of LLMs.
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FAQ

What is the current stock price of Innodata (INOD)?

The current stock price of Innodata (INOD) is $42.78 as of November 8, 2024.

What is the market cap of Innodata (INOD)?

The market cap of Innodata (INOD) is approximately 1.0B.

What does Innodata Inc. do?

Innodata Inc. provides digital services and solutions, including AI-enabled software platforms, PR and media intelligence solutions, and industry-specific business process services.

What are the core business segments of Innodata?

Innodata operates through three segments: Digital Data Solutions, Synodex, and Agility. These segments cater to various industries including publishing, media, healthcare, and insurance.

What recent achievements has Innodata Inc. reported?

Recently, Innodata reported a 35% year-over-year revenue growth in Q4 2023 and secured several multi-million-dollar contracts with major tech companies.

How is Innodata leveraging AI in its services?

Innodata offers AI-enabled platforms for data collection and annotation, digital transformation, and industry-specific processes. It also introduced an LLM Evaluation Toolkit and generative AI-powered media intelligence features.

Who are the primary customers of Innodata?

Innodata serves a diverse clientele, including publishers, media companies, digital retailers, banks, insurance companies, and government agencies.

What financial growth did Innodata report for Q1 2024?

Innodata reported record revenues of $26.5 million for Q1 2024, reflecting a 41% year-over-year growth.

Where does Innodata operate geographically?

Innodata operates across the United States, United Kingdom, Netherlands, Canada, and Europe.

What is the Agility PR Solutions platform?

Agility PR Solutions is Innodata's innovative PR and media intelligence platform that streamlines media monitoring, outreach, and analysis.

How many employees does Innodata have?

Innodata has a diverse team of 5,000 professionals spread across eight countries.

Where can I find more information about Innodata?

For more information, visit Innodata's official website at www.innodata.com.

Innodata Inc.

Nasdaq:INOD

INOD Rankings

INOD Stock Data

1.04B
28.75M
6.94%
41.07%
14.16%
Information Technology Services
Services-computer Processing & Data Preparation
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United States of America
RIDGEFIELD PARK