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 March 31, 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 jurisdict ...

Exhibit 99.1 Innodata Reports Record First Quarter 2024 Results; Raises Guidance to at Least 40% Organic Revenue Growth in 2024 NEW YORK – May 7, 2024 – INNODATA INC. (Nasdaq: INOD) today reported results for the first quarter ended March 31, 2024. · Revenue was $26.5 million, up 41% from $18.8 million in the same period last year. · Net income was $1.0 million, or $0.03 per basic and diluted share, compared to a net loss of $(2.1) million, or $(0.08) per basic and diluted share, in the same period last yea ...

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 ...

Table of Contents ☑ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-35774 INNODATA INC. (Exact name of registrant as specified in its charter) Delaware 13-3475943 (State or other jurisdiction of (I.R.S. Employer Identification No.) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K (Exact name of registrant as specified in its charter) Delaware 001-35774 13-3475943 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation) Identification No.) 55 Challenger Road Ridgefield Park, NJ 07660 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (201) 371-8000 (Former name or former address, if changed since last report) Check the ap ...

Financial Data and Key Metrics - Q4 2023 revenue was $26.1 million, representing 35% YoY growth and 18% sequential growth, exceeding guidance by 6.5% [12] - Adjusted EBITDA for Q4 2023 was $4.3 million, exceeding guidance by 16% [6] - Full-year 2023 revenue was $86.8 million, up 10% from $79 million in 2022 [114] - Net loss for 2023 was $0.9 million, compared to a net loss of $12 million in 2022 [114] - Adjusted EBITDA for 2023 was $9.9 million, compared to an adjusted EBITDA loss of $3.3 million in 2022 [115] - Cash and short-term investments were $13.8 million at the end of Q4 2023, slightly down from $14.8 million in Q3 2023 [20] Business Line Data and Key Metrics - Generative AI development work for Big Tech companies drove Q4 growth, with a three-year deal worth $23 million annually signed with one customer [6][7] - Agility business posted adjusted EBITDA of $1.2 million in Q4, a 69% sequential increase, with a strong adjusted gross margin of 74% [33] - Managed services business has the lowest revenue per employee, while AI data engineering scaled services have multiple times higher revenue per employee [60] - Agility business achieved 15% growth in 2023 with a 69% adjusted gross margin for the year [33] Market Data and Key Metrics - The company has master service agreements with five of the "Magnificent Seven" tech companies, with significant growth expected from these relationships in 2024 [17][18] - The company is targeting two broad markets in 2024: Big Tech companies building generative AI foundation models and enterprises integrating generative AI [19][107] - The company expects Big Tech companies to spend hundreds of millions annually on generative AI development services [108] Company Strategy and Industry Competition - The company is focused on data engineering, which is critical for both Big Tech and enterprise AI deployments [111] - The company differentiates itself through high-quality data engineering, agility, and responsiveness to customer needs [28][91] - Competitors include ScaleAI, Accenture, and Cognizant, but the company emphasizes its unique focus on AI data engineering services [70] - The company leverages its Goldengate platform, which has 50 million parameters, for specific AI tasks, though it is not comparable to ChatGPT [59][138] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about 2024, targeting 20% revenue growth with the intention of exceeding this target [19][93] - The company believes it can fund its capital needs in 2024 through cash from operations without drawing on its Wells Fargo credit line [21] - Management highlighted the importance of data quality in AI implementations, emphasizing the company's 30-year track record in delivering high-quality data [90][91] - The company sees significant opportunities in reinforcement learning, reward modeling, and model assessment for generative AI [106] Other Important Information - The company spent $26 million on software and product development over the last five years, peaking at $8.9 million in 2022 and decreasing to $6.4 million in 2023 [67] - Cloud infrastructure spending is a couple of million dollars annually, primarily for software, infrastructure, and data hosting [68] - The company operates offshore delivery centers with cost-plus transfer pricing arrangements to comply with local tax regulations [24][116] Q&A Session Summary Question: How does Innodata fit into the AI ecosystem? - Innodata focuses on data accuracy and engineering, providing high-quality datasets for training large language models, which is critical for AI performance [27][36] Question: What is the market size for fine-tuning and reinforcement learning in AI? - The company referenced a Bloomberg estimate indicating significant market expansion for AI and large language model-related services [43] Question: Is Agility profitable on a GAAP basis? - Agility posted a GAAP profit of $440,000 in Q4 2023, in addition to its adjusted EBITDA profitability [98][162] Question: What is the status of the CFO search? - The company has an interim CFO and is focusing on strengthening its investor relations function, with no immediate plans to hire a full-time CFO [85][87] Question: How does revenue per employee compare across business lines? - Revenue per employee is lowest in managed services but significantly higher in AI data engineering scaled services, with a target adjusted gross margin of 35%-37% for these lines [60] Question: What are the company's plans for Agility in 2024? - Agility is profitable and the company plans to continue integrating generative AI into the platform, with new product capabilities in medical data extraction and AI roadmap advancements [33][157]

NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Innodata, Inc. (“Innodata” or the “Company”) (NASDAQ: INOD). The firm’s ongoing investigation concerns whether Innodata and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On February 15, 2024, Wolfpack Research published a report alleging that Innodata misrepresented the nature ...

ATLANTA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Innodata Inc. ("Innodata" or the "Company") (NASDAQ:INOD) complied with federal securities laws. On February 15, 2024, Wolfpack Research published a report alleging that Innodata misrepresented the nature and extent of its business and operations. Following this news, the price of the Company's stock dropped. If you purchased Innodata stock and suffered a loss on that investment, you are encouraged to contact Corey Holz ...

BOSTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Innodata Inc. (NASDAQ:INOD) for potential securities law violations. Investors who have lost money in their Innodata Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/inod. What is this all about? On February 15, 2024, Wolfpack Research issued a report on Innodata that alleges "despite management's pumping that it is ‘delivering ...