Innodata (INOD) shares have appreciated 131% year to date (YTD), outperforming the broader Zacks Computer and Technology sector's appreciation of 27.3%. INOD shares have also outperformed the Zacks Computer – Services industry and peers, including PDF Solutions (PDFS) , CSG Systems International (CSGS) , and Forian (FORA) . Over the same timeframe, shares of PDFS, CSGS, and FORA have declined 7.4%, 8.4%, and 27.9%, respectively. The industry has appreciated 18.2% YTD. INOD shares' outperformance can be attr ...

Innodata Inc. (NASDAQ:INOD) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Amy Agress - Investor Relations Jack Abuhoff - Chief Executive Officer Marissa Espineli - Interim Chief Financial Officer Aneesh Pendharkar - Senior Vice President, Finance and Corporate Development Conference Call Participants Allen Klee - Maxim Group Tim Clarkson - Van Clemens Operator Greetings. Welcome to Innodata to report Second Quarter 2024 Results Conference Call. At this time, all participants are in a ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35774 INNODATA INC. (Exact name of registrant as specified in its charter) Delaware 13-3475943 (State or other jurisdicti ...

Revenue Growth - Revenue of $32.6 million, an increase of 66% year-over-year[1] - Total consolidated revenue for Q2 2024 increased to $32.55 million, up from $19.66 million in Q2 2023, representing a 65.6% growth[26] - DDS segment revenue for Q2 2024 reached $25.41 million, a significant increase from $13.18 million in Q2 2023, showing 92.8% growth[26] - Agility segment revenue for Q2 2024 was $5.16 million, up 18.2% from $4.36 million in Q2 2023[26] - Raised 2024 full-year revenue growth guidance to 60% or more[1] Adjusted EBITDA Performance - Adjusted EBITDA of $2.8 million, an increase of 76% year-over-year[1] - Adjusted EBITDA for the six months ended June 30, 2024, was $6.57 million, a significant increase from $2.41 million in the same period of 2023[22] - DDS segment Adjusted EBITDA for the six months ended June 30, 2024, was $3.45 million, up from $1.52 million in the same period of 2023[23] - Agility segment Adjusted EBITDA for the six months ended June 30, 2024, was $2.14 million, a substantial increase from $0.31 million in the same period of 2023[25] Large Language Model (LLM) Development Programs - Won new Large Language Model (LLM) development programs valued at approximately $87.5 million in annualized run rate revenue[1] - Two new LLM development programs expected to deliver approximately $44 million of annualized run rate revenue[3] - Total value of the Big Tech customer account reached approximately $110.5 million of annualized run rate revenue[3] Cash and Financial Position - Cash balances increased to $16.5 million as of June 30, 2024, up from $13.8 million at the end of 2023[6] - Cash and cash equivalents increased to $16.51 million as of June 30, 2024, compared to $13.81 million at the end of 2023[19] - Net cash provided by operating activities for the six months ended June 30, 2024, was $6.31 million, up from $4.18 million in the same period of 2023[21] - Total assets increased to $65.97 million as of June 30, 2024, compared to $59.43 million at the end of 2023[19] - Accounts receivable increased to $18.16 million as of June 30, 2024, up from $14.29 million at the end of 2023[19] Financing and Credit Facilities - Receivables-based credit facility with Wells Fargo increased from $10 million to $30 million, with an accordion feature to expand to $50 million[7] - Filed a registration statement with the SEC to establish a universal shelf for up to $50 million of securities[7] Recruiting Costs - Recruiting costs of $3.6 million in Q2, expected to reduce to approximately $300,000 in Q3[3]

Palantir (PLTR 2.06%), a data mining and analytics firm that serves the U.S. government and large companies, went public via a direct listing on Sept. 30, 2020. It started trading at $10 and went through some wild swings, but now trades at about $29. The company impressed the bulls with its robust growth, rising profits, and the rapid expansion of its domestic commercial business, which helped reduce its dependence on rigid government contracts. The company went public in 1993, and its revenue only grew at ...

It's no secret that artificial intelligence dominates both the tech ecosystem along with the broader investing arena. However, it might be risky to heavily bet on the usual suspects – you know what I'm talking about. Instead, it might be prudent to consider so-called contrarian AI stocks: securities that aren't quite getting the attention they deserve for the digital intelligence role but should. Why should you zig while others are zagging? I'm reminded about the dot-com boom and bust. Back then, seemingly ...

Zacks Investment Research has recently initiated the coverage of Innodata Inc. (INOD) , assigning the stock an "Outperform" rating. This bullish stance reflects the company's strong position and promising growth prospects in the booming generative AI market.With a remarkable 41% jump in first-quarter 2024 revenues and a series of substantial contracts with leading tech giants, Innodata is poised to capitalize on the rapid advancements in AI technology.The generative AI sector, wherein Innodata is making sig ...

Operator Amy Agress Bruce Galloway Okay, great, thanks. Excellent job. Thanks. Jack Abuhoff Thank you. Operator Thank you. And that does conclude todayâs Q&A session. I will now hand the call back to Jack Abuhoff for closing remarks. Jack Abuhoff Thank you. So, yes, weâre off to an exciting start for 2024, and my team and I are tremendously energized by what we believe we will accomplish in 2024. We grew revenue by 41% year-over-year. In Q1, we anticipate a substantial sequential revenue increase next quart ...

Finding good prospects is crucial when making technological investments. In 2024, three gems stand ready to change the whole market narrative. These businesses, which operate across a range of industries, from information technology to industrials, have solid growth and innovation stories and are solid options among AI stocks.The first company’s shift from net losses to net profits signals significant financial and operational improvement, bolstered by securing lucrative contracts. Meanwhile, the second com ...

In AI and automation, three pioneering companies stand out as frontrunners. These AI stocks are not just names, they are disrupting industries and can potentially deliver solid returns. As the demand for AI solutions intensifies, their strategies and leads make them AI and automation pioneers. These trailblazing companies hold solid fundamentals behind their potential meteoric rise.Read more to learn about the ingenuity and foresight driving these AI juggernauts’ market valuations.Palantir (PLTR)Source: Poe ...