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.
Overview
Innodata (NASDAQ: INOD) is a global data engineering company that has been harnessing the power of digital data for over three decades. With a technology-first approach, Innodata delivers AI-enabled software platforms and managed services that drive digital transformation and operational excellence for a wide range of industries worldwide. The company is noted for its innovative application of advanced technologies to solve complex business challenges and help clients re-imagine their operations using high-quality, customized data solutions.
Core Business Areas
At the heart of Innodata’s operations is a commitment to enabling organizations to unlock the potential of their digital data. The company’s business segments are carefully structured to address every facet of the data lifecycle:
- Digital Data Solutions (DDS): This segment focuses on AI data preparation, including the collection, creation, annotation, and training of AI algorithms. It serves as a critical enabler for enterprises looking to deploy advanced machine learning models, ensuring that data is clean, well-curated, and optimized for use in digital processes.
- Synodex: A suite of data engineering support services designed to handle data transformation processes such as data consolidation, extraction, and compliance. Synodex is engineered to streamline data management tasks providing businesses with reliable, integrated insights into their information streams.
- Agility: An industry-specific platform championing digital transformation through AI-driven solutions for public relations, media intelligence, and targeted communications. By leveraging generative AI technology, Agility refines media monitoring and analysis to deliver customized news briefs, enhancing decision-making for communication professionals.
Market Position and Competitive Differentiation
Innodata distinguishes itself through a potent combination of legacy expertise and innovative technological practices. The company’s low-code AI platform serves as a backbone for its services, enabling rapid deployment and ease-of-integration. This is especially significant in today’s fast-paced AI and digital transformation markets, where high-quality, scalable data services are in constant demand. Innodata’s deep industry knowledge is reflected in its ability to deliver complex, custom solutions tailored to the unique needs of sectors such as publishing, financial services, digital retail, and government operations. Rather than simply being a technology provider, the firm acts as a strategic partner that helps its clients unlock the value of their data assets while boosting operational efficiency and decision-making capabilities.
Service Model and Revenue Generation
The company operates on a business model that leverages both direct sales and long-term managed service contracts. Revenue is generated primarily through the delivery of AI data collection and annotation services, software licensing of its proprietary low-code platform, and tailored consulting engagements that support AI integrations. By focusing on long-term, strategic partnerships, Innodata minimizes the risk of transactional volatility and ensures repeatable and scalable service delivery for its global clientele.
Industry Expertise and Technological Innovation
Innodata’s commitment to technological innovation is evident in its continuous investments in state-of-the-art AI, machine learning, and data management technologies. By integrating large language model (LLM) development programs and advanced generative AI capabilities into its service offerings, the company stays at the forefront of industry evolution. This approach not only improves the quality of its data solutions but also enhances its ability to support the digital transformation initiatives of major technology companies and enterprises alike.
Client and Market Reach
Serving diverse industries—ranging from media and information to banking, insurance, public sector, and digital retail—Innodata has built a robust portfolio of prestigious clients. The company’s solutions empower organizations to harness digital data effectively, driving enhanced performance, streamlined operations, and improved decision-making processes. Its cross-sector expertise underpins the trust placed in Innodata as a reliable partner capable of delivering consistent value regardless of market dynamics.
Commitment to Quality and Service Excellence
Quality and reliability are at the core of Innodata’s operational ethos. The company’s legacy of over 30 years is testament to its unwavering commitment to delivering high-caliber data solutions. With an emphasis on customized service delivery and responsive client support, Innodata cultivates long-term relationships that underscore its reputation for excellence in the highly competitive landscape of digital transformation and AI services.
Conclusion
In summary, Innodata stands as a robust example of a data engineering enterprise that seamlessly integrates advanced AI technologies with tailored digital data solutions. Its diversified business segments, deep industry insights, and commitment to quality make it a pivotal player in helping organizations around the globe unlock the transformative potential of digital data. For investors and industry analysts seeking a thorough understanding of a company that is integral to the evolution of digital intelligence and AI-driven innovation, Innodata offers a well-rounded narrative of technological excellence and enduring market relevance.
Innodata Inc (NASDAQ: INOD) has scheduled its 2025 annual shareholder meeting for Thursday, June 5, 2025, at 5:00 PM ET. The meeting will be conducted in a virtual format. Shareholders who own stock as of the record date, April 9, 2025, will be eligible to participate and vote at the annual meeting.
Innodata Inc (NASDAQ: INOD) has announced the beta launch of its Generative AI Test & Evaluation Platform, powered by NVIDIA technology. The platform, set for full release in Q2 2025, focuses on enhancing enterprise AI model safety, reliability, and performance through automated adversarial testing and vulnerability detection.
The solution integrates NVIDIA NIM™ microservices with Innodata's expertise in LLM red-teaming and risk mitigation. MasterClass has joined as an early adopter charter customer, planning to utilize the platform for ensuring reliable AI-driven customer experiences.
Key features include:
- Adversarial Testing for vulnerability identification
- Model Benchmarking with domain-specific prompt libraries
- Advanced Reporting & Metrics dashboard for tracking model performance
The platform will be showcased at NVIDIA GTC 2025 in San Jose, California (March 17-21) at booth #3248 in the Generative AI Pavilion.
Innodata (NASDAQ:INOD) reported strong Q4 and full-year 2024 results, with Q4 revenue reaching $59.2 million, up 127% year-over-year, and full-year revenue of $170.5 million, a 96% increase from 2023. Q4 net income was $10.3 million ($0.34 per basic share), while full-year net income reached $28.7 million ($0.98 per basic share).
The company secured additional programs with its largest customer, valued at approximately $24 million in annualized run rate revenue, bringing total annualized revenue with this customer to about $135 million. Revenue from seven other Big Tech customers grew 159% in Q4 over Q3 2024. Cash position strengthened to $46.9 million by year-end 2024.
Looking ahead, Innodata forecasts 40% or more revenue growth in 2025, based primarily on won deals and near-term business prospects. The company plans to reinvest a portion of operating cash flow while still targeting Adjusted EBITDA growth in 2025.
Innodata (NASDAQ: INOD) has announced it will release its Fourth Quarter and Fiscal Year 2024 financial results after market close on Thursday, February 20, 2025. The company will host an investor conference call at 5:00 PM Eastern time on the same day.
Investors can join the conference call using the domestic number 1-800-549-8228 or international number +1 289-819-1520 with participant access code 83378. A live webcast will be available in listen-only mode through the Investor Relations section of Innodata's website. The call-in replay will be accessible for seven days, while the webcast replay will remain available for 30 days following the conference call.
Innodata (INOD) reported exceptional Q3 2024 results with record revenue of $52.2 million, representing 136% year-over-year growth. Net income reached $17.4 million ($0.60 per basic share), including a $5.6 million tax benefit. Adjusted EBITDA grew 337% to $13.9 million. Cash position strengthened to $26.4 million. The company raised its full-year 2024 guidance to 88-92% revenue growth. Innodata expanded its Big Tech customer base to include five Magnificent Seven companies and secured new wins, including a prominent social media company and a second federal government agency.
Innodata Inc. (Nasdaq: INOD) has announced that it will release its Third Quarter 2024 results after market close on Thursday, November 7, 2024. The company will host an investor conference call at 5:00 PM Eastern time on the same day to discuss the results. CEO Jack Abuhoff expressed anticipation for the announcement and call.
Investors can access the conference call via phone using the following numbers:
- Domestic: 1-800-343-4136
- International: +1 203-518-9848
- Participant Access Code: INNODATA
Innodata Inc. (NASDAQ: INOD) reported impressive Q2 2024 results, with revenue reaching $32.6 million, a 66% year-over-year increase. The company achieved break-even earnings per share, despite $3.6 million in recruitment costs. Adjusted EBITDA grew 76% to $2.8 million. Innodata secured significant Large Language Model (LLM) development programs with a Big Tech customer, valued at approximately $87.5 million in annualized run rate revenue. The company raised its 2024 revenue growth guidance to 60% or more. Innodata expanded its credit facility to $30 million and filed for a $50 million universal shelf registration, positioning itself for continued growth in the generative AI market.
Innodata Inc. (Nasdaq: INOD) has announced it will report its Second Quarter 2024 results after market close on Thursday, August 8, 2024. The company has scheduled an investor conference call at 5:00 PM Eastern time on the same day. Investors can access the call using the provided domestic and international call-in numbers, or listen to a live webcast through Innodata's Investor Relations website. A replay of the call will be available for 30 days following the conference call.
Innodata, a leading data engineering firm, announced new large language model (LLM) development programs awarded by a 'Magnificent Seven' Big Tech customer. These programs are expected to generate approximately $44 million in additional annual run rate revenue. This follows previous program expansions announced in April and May 2024. Despite an early-termination clause in the agreement, Innodata believes the customer is committed to a substantial, multi-year LLM strategy. The CEO, Jack Abuhoff, highlighted the value of Innodata's high-quality data for LLM instruction-tuning. The company sees significant growth opportunities in the LLM and generative AI sectors.
Innodata Inc. reported record first-quarter results with revenue at $26.5 million, up 41% year-over-year. The company saw a net income of $1.0 million and adjusted EBITDA of $3.8 million. Cash, cash equivalents, and investments stood at $19.0 million. Innodata raised its 2024 guidance to at least 40% organic revenue growth, driven by new program expansions and customer wins in generative AI. The company maintains a strong balance sheet with plans for strategic investments to support growth.
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