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 Overview - Palantir went public via a direct listing on Sept 30, 2020, starting at $10 and currently trading at about $29 [1] - The company has shown robust growth, rising profits, and rapid expansion of its domestic commercial business, reducing dependence on government contracts [1] - Revenue grew at a CAGR of 32% from 2019 to 2023, with analysts forecasting a CAGR of 20% from 2023 to 2026 [10] - Palantir turned profitable on a GAAP basis in 2023, with net income expected to rise at a CAGR of 46% over the next three years [10] Innodata Overview - Innodata is a $500 million company expanding faster than Palantir, with shares trading at 4 times this year's sales [4][8] - The company provides business process, technology, and consulting services, mainly serving large organizations across various sectors [14] - Innodata started 2024 with master service agreements with five of the "Magnificent Seven" companies, anticipating revenue boosts from three of them this year [5] Financial Performance and Growth - Innodata's revenue grew at a CAGR of 12% from 2019 to 2023, with expectations of at least 40% organic revenue growth in 2024 [11] - Analysts expect Innodata's revenue to increase at a CAGR of 33% from 2023 to 2026, driven by new generative AI services [11] - The company squeezed out positive adjusted EBITDA of $5 million in 2023, with analysts expecting it to rise at a CAGR of 64% to $22 million by 2026 [3] Market Potential and Valuation - If Innodata meets Wall Street's target of generating $205 million in revenue in 2026 and trades at 10 times sales, it would be worth more than $2 billion [6] - Palantir's stock is considered expensive at 87 times forward earnings and 24 times this year's sales, with a market cap of $64 billion [4] - Innodata's shares soared 1,350% over the past five years, reflecting its transformation into a growth stock due to the generative AI market expansion [8] Competitive Landscape - Innodata faces competition from IT services giants like Accenture and digital transformation specialists like Globant [12] - The company's new Magnificent Seven customers could reduce generative AI spending if the market cools off [12] - Despite competition, Innodata's generative AI business expansion offers significant upside potential [9]

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. In terms of valuation, Innodata's stock has seen a com ...

Innodata Inc. (NASDAQ:INOD) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Amy Agress – General Counsel Jack Abuhoff – President and Chief Executive Officer Marissa Espineli – Interim Chief Financial Officer Aneesh Pendharkar – Senior Vice President-Finance and Corporate Development Conference Call Participants Tim Clarkson – Van Clemens Dana Buska – Feltl Bruce Galloway – Galloway Capital Operator Greetings. Welcome to Innodata First Quarter 2024 Results Conference Call. At th ...

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 (Former name, former addr ...

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. Jack Abuhoff, CEO, said, "We are pleased to announce record revenues of $26.5 million for the first quarter, representing 41% year- over-year growth. Our growth in the quarter was driven by the value we are bringing to help the world's largest tech companies build AI large la ...