Innodata Stock Price, News & Analysis

Innodata Inc. (NASDAQ: INOD) reported a 33% year-over-year revenue increase for Q1 2022, totaling $21.2 million. However, the company experienced a net loss of $2.8 million, compared to net income of $0.4 million in Q1 2021. Adjusted EBITDA fell to a loss of $1.0 million, down from a gain of $1.3 million in the previous year. Despite a forecasted Q2 growth slowdown to 18%-24%, the company maintains its annual growth target of 30%. Noteworthy, 121 new customers were added in Q1, marking a 96% increase over the previous year.

Innodata Inc. (NASDAQ:INOD) will announce its First Quarter 2022 results on May 12, 2022, after market close. The announcement will be accessible on their website in the News and Investor Relations sections. An investor conference call is scheduled for 5:00 PM ET on the same day, aimed at enhancing attendance and allowing participants to digest the results. Call-in details are provided, and a live Webcast will also be available. CEO Jack Abuhoff emphasized the change in timing for better engagement.

Innodata Inc. (NASDAQ: INOD) has scheduled its 2022 annual meeting of shareholders for June 9, 2022, at 1:00 PM ET, to be held virtually. Shareholders of record by April 13, 2022, will have voting eligibility. Innodata is a global leader in data engineering, offering AI-enabled platforms and services for data annotation and digital transformation. The company aims to deliver quality data and exceptional service, leveraging its 30+ year legacy in the industry. For more details, visit www.innodata.com.

Innodata Inc. (NASDAQ: INOD) reported a 26% revenue increase to $19.3 million for Q4 2021, while total annual revenue reached $69.8 million, a 20% growth from 2020. Despite this growth, the company experienced a net loss of $1.2 million for the quarter and $1.7 million for the year. CEO Jack Abuhoff highlighted plans for a 30% revenue growth target in 2022, backed by new business wins, including contracts with major tech firms and Google. The company is set to double its sales and marketing budget to enhance market capture, projecting to be cash flow positive by the end of 2022.

Innodata Inc. (NASDAQ: INOD) will report its Fourth Quarter and Fiscal Year 2021 results on March 17, 2022, before market opening. An investor conference call is scheduled for 11:00 AM ET that day, with details available on Innodata's website. The call can be accessed via domestic and international numbers, and there will be a Webcast option for investors. The company emphasizes its expertise in data engineering and AI technologies, serving major clients globally. Forward-looking statements are included, highlighting risks like client contract terminations and market conditions.

Innodata Inc. (NASDAQ:INOD) announces the opening of nominations for the 2022 Bulldog PR Awards starting February 1, 2022. This awards program recognizes exceptional PR and communications campaigns, judged solely by journalists. Nominations for Tier 1 submissions will be accepted until March 1, 2022, while the awards close on April 29, 2022. Five new categories have been added, bringing the total to 61. Winners will gain recognition and promotion across Bulldog PR platforms. Innodata is known for its data engineering solutions, leveraging AI and machine learning to address major data challenges.

Innodata Inc. (NASDAQ:INOD) has launched a new Applied AI practice led by Ed Funaro, who brings 35 years of experience in technology leadership, including his role as Chief Revenue Officer at Cloud Sherpas. The practice aims to assist companies in insurance, healthcare, and finance with digital transformation through AI, leveraging a new customer-facing SaaS platform expected to launch in H1 2022. This initiative aligns with Innodata's goal to enhance operational efficiency and data-driven decision-making for its clients.

Innodata Inc. (NASDAQ:INOD) announced a significant expansion of services by a Fortune 500 insurance company, adding approximately $700,000 in anticipated one-time revenue. This is in addition to previously announced estimates of $3 million in one-time revenue and $800,000 per year in ongoing revenue. The expansion is aimed at supporting the company's medical record predictive model development, showcasing the effectiveness of Innodata's AI training data derived from medical records, which adhere to strict security and HIPAA protocols.

Innodata Inc. (NASDAQ:INOD) reaffirmed its growth outlook at the Annual Needham Growth Conference, highlighting an anticipated acceleration in year-over-year revenue growth for Q4 2021 and 2022. The company reported a 20% increase in revenue year-over-year for Q3 2021. CEO Jack Abuhoff will engage in one-on-one discussions with investors following the presentation. Investors can access the presentation materials on the company’s investor relations page. Innodata specializes in data engineering, leveraging advanced machine learning and AI technologies.