Innodata Inc. reports developments around its global data engineering business and its services for artificial intelligence builders and adopters. The company provides data, evaluation frameworks, human expertise, annotation, multimodal data engineering, training-data preparation and generative-AI workflow support for customers deploying AI systems.
Recurring updates include quarterly financial results, revenue-growth guidance, margin commentary, customer and platform work, and contract awards tied to AI, data engineering and federal programs. Company announcements also cover its move to single operating-segment reporting, annual shareholder meeting matters and other public-company governance updates.
Innodata Inc (NASDAQ:INOD) announced that its Agility platform has been recognized by Business Insider as a strong competitor in the $5.5 billion public relations tech market, which grew by 15% in 2021. This accolade follows Agility being named a 'Momentum Leader' by G2 for five consecutive quarters. CEO Martin Lyster expressed confidence in Agility's capabilities and mentioned an upcoming product expansion targeting social media analytics. Since late 2021, the company has been actively enhancing its Agility business development team and accelerating product development.
Innodata (NASDAQ:INOD) announced that Chief Product Officer Rahul Singhal has joined the Forbes Technology Council, an exclusive network for top technology executives. Singhal was selected based on his extensive experience and proven record in enhancing business growth metrics. His membership will allow him to collaborate with Forbes to share insights on AI and data management. This recognition highlights Innodata's commitment to leading in AI-enabled services, enhancing its reputation in the technology sector.
Innodata Inc. (NASDAQ:INOD) has established a new Advisory Board to enhance growth and innovation efforts. Eduardo Kassner, Chief Data Officer for Microsoft US West, has been appointed as the inaugural member, providing strategic guidance as Innodata aims to expand its market presence. Kassner's extensive experience in leading technological advancements and fostering inclusive organizations is expected to drive profitable growth and customer satisfaction. This initiative marks a significant step in Innodata's evolution as a data-centric AI company.
Innodata Inc. (NASDAQ: INOD) announced that its Agility PR Solutions platform has been recognized as a 'Momentum Leader' in media and influencer targeting for the fifth consecutive quarter by software review site G2. This accolade highlights Agility's strong performance in PR analytics, media monitoring, and targeting, driven by the platform's AI capabilities. CEO Martin Lyster emphasized Agility's commitment to innovation and customer satisfaction. The global media intelligence and PR software market is projected to reach $11.25 billion by 2026, indicating significant growth opportunities.
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.