Innodata Stock Price, News & Analysis

Innodata Inc (NASDAQ:INOD) announced that its AI-enabled platform, Agility, was named a 'momentum leader' in media and influencer targeting, media monitoring, and PR analytics by G2 in their Fall 2021 report. This recognition is based on customer satisfaction and user adoption trends. CEO Jack Abuhoff highlighted plans to scale the sales team from 10 to 95 by year-end, underscoring significant growth potential in the $4.5 billion public relations software market. Agility is a SaaS platform beneficial for public relations professionals.

Innodata Inc. (NASDAQ:INOD) announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference, taking place virtually from September 13-15, 2021. CEO Jack Abuhoff will present the company's business overview and hold one-on-one meetings with institutional investors on September 14 and 15. Investors can register to attend and request meetings via the conference website. Innodata is recognized for helping global firms tackle data challenges using advanced machine learning and AI technologies.

Innodata (NASDAQ: INOD) reported a 23% increase in revenue for Q2 2021, totaling $17.0 million, compared to the same quarter last year. The net loss narrowed to $0.1 million, improving from a loss of $0.5 million in Q2 2020. For the first half of 2021, revenue was $33.0 million, up 16% year-over-year. Cash reserves rose to $22.1 million. CEO Jack Abuhoff expressed optimism for continued growth driven by strong bookings and efficient operations, with projected annual growth exceeding 20% in upcoming quarters.

Innodata Inc. (NASDAQ:INOD) will announce its Second Quarter 2021 results on August 5, 2021, before market opening. The announcement will be accessible on their website, specifically in the News and Investor Relations sections.

Additionally, an investor conference call is scheduled for 11:00 AM ET on the same day, with various call-in numbers and a live Webcast available.

Investors can access the replay for 30 days post-call. Innodata specializes in data engineering, utilizing advanced machine learning and AI technologies.

Innodata Inc. (NASDAQ:INOD) has been invited to present at the Needham Virtual Technology & Media Conference on May 19, 2021. CEO Jack Abuhoff will present at 3:45 p.m. EST and will also hold virtual one-on-one meetings with investors. Innodata is a prominent data engineering firm that leverages advanced machine learning and artificial intelligence technologies, supported by a global team of over 3,500 experts. The company addresses significant data challenges for organizations worldwide.

Agility PR Solutions, a subsidiary of Innodata (NASDAQ: INOD), announces its enhanced media monitoring platform now includes global podcast monitoring in six languages. This innovation allows brands to target podcasts effectively and monitor related media mentions. The podcasting industry is projected to reach $1 billion in 2021. This integration with Agility's existing media database of over 1 million contacts positions Agility to exploit the growing demand for podcast-based advertising.

Innodata Inc. (NASDAQ:INOD) reported a total revenue of $16.0 million for Q1 2021, marking a 4% increase from the previous quarter's $15.3 million and exceeding last year's $14.5 million. Despite this growth, net income fell to $0.4 million, or $0.02 per share, down from $1.2 million in Q4 2020. Cash equivalents remained stable at $17.3 million as of March 31, 2021. CEO Jack Abuhoff emphasized the company's focus on operational KPIs, cost management, and growth through secured projects. The earnings call was scheduled for today at 11:00 AM ET.

Innodata Inc. (NASDAQ:INOD) announced an expansion of its AI data engineering capabilities, focusing on synthetic data generation, with a significant new customer win. The company's synthetic data solutions help clients build high-performing AI algorithms when real-world data is scarce or restricted. This includes a recent proof-of-concept delivery to a leading robotics process automation client, aimed at enhancing model accuracy in financial applications across five languages. Innodata’s technology addresses challenges in data complexity and privacy, positioning it well in various industries.

Innodata Inc. (NASDAQ:INOD) will announce its First Quarter 2021 results before the market opens on May 6, 2021. A news release will be accessible on the Innodata website in the News and Investor Relations sections. An investor conference call is scheduled for 11:00 AM ET on the same day, with call-in numbers provided for both domestic and international participants. A live Webcast will be available, and replays can be accessed for 30 days following the call. Innodata specializes in data engineering, utilizing advanced machine learning and AI technologies.