Trade Innodata Inc - INOD CFD

Innodata Company profile

About Innodata Inc

Innodata Inc. is a data engineering company. The Company provides data annotation services and platforms to companies who require data for training Artificial Intelligence (AI) and machine learning (ML) algorithms. It also provides AI/ML-based solutions to help companies apply AI/ML to real-world problems relating to analyzing and deriving insights from documents. It has three segments. DDS segment provides solutions and platforms for solving complex data challenges that companies face when they seek to obtain the benefits of AI systems and analytics platforms. Synodex segment provides an intelligent data platform that transforms medical records into useable digital data organized in accordance with the Company's data models or client data models. Agility segment provides an intelligent data platform that provides marketing communications and public relations professionals with the ability to target and distribute content to journalists and social media influencers worldwide.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Innodata Inc revenues increased 18% to $50.5M. Net loss decreased 11% to $505K. Revenues reflect Digital Data Solutions segment increase of 23% to $38M, Agility segment increase of 13% to $9.6M, United States segment increase of 37% to $26.8M, United Kingdom segment increase of 5% to $8.7M. Lower net loss reflects Interest expense decrease of 84% to $18K (expense).

Equity composition

1Common Stock $.01 Par, 04/11, 75M auth., 26,207,000 issd., less 1,052,000 shs in Treas. @ $2.9M. Insiders control 10.53% . IPO 8/93, 1.4Mshares @ $5 by A.S. Goldman & Co. 3/01, 12/00; 2-for-1 splits; 9/99, 3-for-1 stock split; 3/98, 1-for-3 reverse stock split; 9/94, 5%