Innodata Stock Price, News & Analysis

Innodata Inc. (NASDAQ:INOD) announced that its AI platform, Agility, has been recognized as a "momentum leader" in media and influencer targeting by software review site G2 for the third consecutive time. This recognition, based on user satisfaction and adoption rates, reflects Agility's effective media monitoring and outreach capabilities. The company aims to expand its market share in 2022, supported by a six-fold increase in its business development team, to enhance customer experience and accelerate growth.

Innodata Inc. (NASDAQ:INOD) will participate in the Needham Growth Conference from January 10-14, 2022. CEO Jack Abuhoff is scheduled to present on January 10 at 4:15 p.m. EST and will hold virtual one-on-one meetings with investors throughout the event. Innodata is recognized for its expertise in data engineering, leveraging advanced machine learning and artificial intelligence technologies, with a dedicated workforce of over 3,500 experts. For more details, visit www.innodata.com.

Innodata Inc. (NASDAQ: INOD) reported a 20% increase in revenue for Q3 2021, totaling $17.5 million compared to the same period last year. However, the company faced a net loss of $0.8 million, reflecting a shift from a net income of $0.2 million year-over-year. For the first nine months of 2021, revenue rose 18% to $50.5 million, with a slight improvement in net loss. Cash reserves increased to $20.9 million. CEO Jack Abuhoff expressed optimism for future growth driven by new deals and key customer relationships.

Innodata Inc (NASDAQ:INOD) has launched its Data Annotation Platform, a SaaS solution aimed at reducing costs and improving accuracy in AI/ML projects. The platform offers seamless workflows, customizable workbenches, real-time KPIs, and auto annotation features to enhance productivity for data scientists. With the data annotation tools market projected to exceed $7 billion by 2027, Innodata aims to meet the growing demand for efficient data management solutions.

Innodata Inc. (NASDAQ:INOD) will announce its Third Quarter 2021 results before the market opens on November 4, 2021. A news release will be accessible on the Innodata website. The company has scheduled an investor conference call at 11:00 AM ET on the same day, with call-in numbers provided for both domestic and international participants. A live Webcast will also be available in listen-only mode. Replays can be accessed for 30 days after the call. Innodata specializes in data engineering, leveraging advanced ML/AI technologies and a global workforce.

Innodata Inc (NASDAQ:INOD) announced its provision of AI data annotation services to a second Silicon Valley tech giant, following a previously expanded relationship with a social media platform. The agreement is projected to generate approximately $1.8 million in revenue, with around $700,000 classified as recurring revenue. CEO Jack Abuhoff emphasized the company's competitive edge in providing end-to-end solutions that enhance AI model performance across multiple sectors, including content moderation and health records management.

Innodata Inc (NASDAQ:INOD) has launched a new podcast titled Absolute AI, focusing on conversations with AI innovators. The podcast, hosted by Melody Travers, aims to shed light on the complexities of AI in society, addressing topics such as Responsible AI and data governance. Its first episode, Fixing the World One Startup at a Time, is available now, with new episodes airing bi-weekly. Rahul Singhal, Chief Product Officer, emphasizes the need for demystifying AI to fully utilize its benefits. The podcast can be accessed on platforms like Spotify and Apple Podcasts.

Innodata Inc. (NASDAQ:INOD) has secured a five-year contract with a major bank to deliver AI-driven data feeds and an analytics platform. This contract is expected to generate approximately $2 million per year in subscription revenue for the first two years, followed by about $2.4 million annually thereafter, totaling around $11 million over the contract's duration. The CEO highlighted the importance of intelligent document processing in addressing complex data challenges, positioning Innodata to establish a robust industry solution while gaining insights into the banking sector's needs.

Innodata Inc. (NASDAQ:INOD) announced new AI-enhanced features for its Agility platform aimed at public relations professionals. The update promises improved media coverage, user experience, and operational efficiency. Notable changes include AI-driven workflows for content creation and media targeting, enriched media profiles, and a news release assistant to boost open rates. Testing indicates a 57% reduction in time spent on tasks, enhancing ROI for Agility subscribers. G2 has recognized Agility as a 'momentum leader' in the PR software market valued at $4.5 billion.