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 data engineering and AI services company whose news flow centers on Generative AI initiatives, data engineering developments, and financial performance. The company regularly issues earnings releases detailing quarterly revenue, net income, and non-GAAP metrics such as Adjusted EBITDA, Adjusted Gross Profit, and Adjusted Gross Margin, along with management commentary on demand trends and guidance for revenue growth.
News about Innodata often highlights its role in supporting AI builders and adopters through data preparation, annotation, and AI model support services. The company’s announcements describe work in pre-training data, Enterprise AI, Agentic AI, and model safety, as well as the launch and progress of Innodata Federal, its government-focused unit serving U.S. defense, intelligence, and civilian agencies with AI data engineering, Generative AI, and related capabilities.
Investors following INOD news can expect updates on new business wins, relationships with technology companies and enterprises, and strategic initiatives in areas such as sovereign AI programs and enterprise AI practices. The company also reports on participation in investor conferences, leadership and board changes, and recognition by third parties, such as inclusion in AI-focused industry notes and awards received by its operating subsidiaries.
This news page aggregates Innodata’s press releases and related coverage so readers can monitor financial results, strategic moves in AI and data engineering, government-focused activities through Innodata Federal, and corporate governance developments. For investors, analysts, and observers of the AI services space, the INOD news stream provides ongoing insight into how the company presents its position and progress within the data processing and AI markets.
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.
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.
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.
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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