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.
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Rhea-AI Summary
INNODATA INC. (NASDAQ:INOD) reported a 35% increase in fourth-quarter revenue year-over-year, reaching $26.1 million, with a net income of $1.7 million. The total revenue for 2023 was $86.8 million, showing a 10% growth. Adjusted EBITDA for Q4 2023 was $4.3 million, and for the year, it was $9.9 million. The CEO highlighted strong customer demand for generative AI services, leading to revenue growth and exceeding guidance.
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End-of-Day
-16.63%
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Rhea-AI Summary
Innodata Inc. (NASDAQ: INOD) will release its Fourth Quarter and Fiscal Year 2023 results on February 22, 2024. An investor conference call is scheduled for 5:00 PM Eastern time on the same day. Investors can access the call via phone or webcast, with replays available for 30 days. Details for accessing the call are provided in the press release.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.87%
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Rhea-AI Summary
Innodata Inc. (INOD) will be participating in the Alliance Global Partners Virtual Technology Conference on February 7, 2024. CEO Jack Abuhoff will be hosting one-on-one meetings, and the investor presentation is available at innodata.com/investor-relations. Investors can request a meeting with Innodata through their A.G.P. representative or contact Marcia Novero at mnovero@innodata.com.
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Rhea-AI Sentiment
End-of-Day
-4.66%
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Rhea-AI Summary
Innodata Inc. (INOD) to participate in Needham's 26th Annual Growth Conference on January 16, 2024. CEO Jack Abuhoff to present and host one-on-one meetings. Investors can request a meeting with Innodata through Needham representative or company contact Marcia Novero.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
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Rhea-AI Summary
INNODATA INC. (NASDAQ:INOD) to Participate in Needham's 4th Annual Virtual Tech Week, CEO to Present and Host Meetings
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Rhea-AI Sentiment
End-of-Day
3.49%
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News
Rhea-AI Summary
Innodata Inc. reported a 20% YoY increase in revenue for Q3 2023, reaching $22.2 million. Net income for the quarter was $0.4 million, compared to a net loss of $3.3 million in the same period last year. Adjusted EBITDA was $3.2 million, showing significant growth compared to a loss of $1.2 million in Q3 2022. The company expects continued growth in Q4 and 2024 with new big tech customers and forecasts revenue of $24.5 million or more, representing 26% YoY growth. Innodata also signed a master services agreement with a large tech company, which is projected to spend several hundred million dollars on generative AI data engineering services in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.67%
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Innodata Inc. will report its Third Quarter 2023 results on November 2, 2023, after the market closes. The company has scheduled an investor conference call for the same day at 5:00 PM Eastern Time. Investors can access a live webcast of the conference call on the Innodata website.
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Rhea-AI Sentiment
End-of-Day
2.81%
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Innodata Inc. to participate in non-deal road show meetings with prospective investors organized by Alliance Global Partners
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4.59%
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Rhea-AI Summary
Innodata Inc. has signed three AI/LLM engagements with leading information companies in the legal and healthcare domains. These deals involve creating strategic roadmaps, building proofs-of-concept, fine-tuning LLMs, and creating medical golden datasets. CEO Jack Abuhoff highlighted the company's experience and position in the information industry. Innodata's CEO will be speaking at the Outsell Signature Event on the topic of AI/LLMs. The event focuses on AI and LLM technology for the information industry.
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Rhea-AI Sentiment
End-of-Day
5.53%
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Innodata Inc. participates in non-deal road show meetings with prospective investors, highlighting its generative AI opportunity and market differentiators.
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Rhea-AI Sentiment
End-of-Day
2.4%
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Innodata Inc.
Nasdaq:INOD
INOD Rankings
INOD Stock Data
414.33M
26.78M
6.98%
36.4%
10.55%
Data Processing, Hosting, and Related Services
Information
United States of America
RIDGEFIELD PARK
About INOD
innodata (nasdaq: inod) is a global digital services and solutions company. our technology and services power leading information products and online retail destinations around the world. our solutions help prestigious enterprises harness the power of digital data to re-imagine how they operate and drive performance. we serve publishers, media & information companies, digital retailers, banks, insurance companies, government agencies and many other industries. we take a technology-first approach, applying the most advanced technologies in innovative ways. founded in 1988, we comprise a team of 5,000 diverse people in 8 countries who are fiercely dedicated to delivering services and solutions that help the world make better decisions. recognized as industry leader innodata continues to gain recognition year after year as the leader in knowledge process outsourcing and publishing services. we were named to the global outsourcing 100 and several top ten categories by the internation