INNODATA INC (INOD)

Innodata, Inc. is a company headquartered in Ridgefield Park, NJ and it was founded on a simple idea: engineer the highest quality data so organizations across broad industry segments could make smarter decisions. Today, Innodata believes its delivering the highest quality data for some of the world’s most innovative technology companies to use to train the AI models of the future.

They are also helping companies deploy and integrate AI into their operations and products and providing innovative AI-enabled industry platforms, helping ensure that their customers’ businesses are prepared for a world in which machines augment human activity in ways previously unimaginable.

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Financial Snapshot

Income Statement (*values displayed in millions)

How do they make money?

• AI Data Preparation: For social media companies, financial services, and many others, Innodata collects or creates training data, annotates training data, and trains AI algorithms for working with images, text, video, audio, code and sensor data.

  Innodata is presently working with five of the largest technology companies and several of the world’s leading brands spanning multiple verticals, to enable, accelerate or enrich the services they deliver to end users around generative AI foundation models and other AI that supports chatbot assistance, facial recognition, social networking, podcasts, legal research and medical diagnostics, to name a few.

• AI Model Deployment and Integration: Many of their customers provide products and solutions that require intensive text data processing and analytics. For these customers, in addition to deploying and integrating AI models, Innodata often provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management.

• AI-Enabled Industry Platforms: Innodata has AI-enabled industry platforms that address specific, niche market requirements. They have built an industry platform for medical records data extraction and transformation (which they brand as Synodex) and an industry platform for public relations (which they brand as Agility PR Solutions). They are in development with an additional AI-enabled industry platform to serve financial services institutions.

Good Time to Buy?

At the time of writing, INOD is down 38% since its February 2025 52 Week High of 71/share. The broader market in general is experiencing a strong pullback in prices and presenting a great opportunity for wise investors looking for great deals. Taking a look at their income statement above, Innodata’s revenue increased 96% from 2023 to 2024! And it also became profitable in 2024. Companies are investing billions in AI and that market is going to continue to grow in the foreseeable future and Innodata seems well positioned to reap the benefits. Wish we knew about this company 5 years ago. See below.

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