RCS - Innodata Inc. - Innodata CEO Elaborates on Growth Expectations

InnodataAnnouncement

27/02/2024 16:45

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RNS Number : 6613E  Innodata Inc.  27 February 2024

Innodata CEO Elaborates on Growth Expectations in Interview with Tiernan Ray,
Editor of The Technology Letter

NEW YORK, NY / ACCESSWIRE / February 27, 2024 / INNODATA INC.
(NASDAQ:INOD) today reported that its CEO, Jack Abuhoff, was interviewed by
Tiernan Ray, editor of The Technology Letter on February 24.

In the interview, Abuhoff states that Innodata's internal goal is to have a
$30 million quarter this year, and that while not guaranteed, it is absolutely
within the range of possibility.

About The Technology Letter and Tiernan Ray

The Technology Letter provides daily news in the world of tech companies and
stocks, lengthy interviews with tech CEOs and CFOs, podcasts, and updates to
The Technology Letter 20 group of stocks to consider - and future great
features. Editor Tiernan Ray has covered technology and business since 1994,
the year Amazon got started. He was the resident technology blogger and
columnist at Barrons dot com and Barron's magazine for over a decade. He has
been a reporter for SmartMoney and Bloomberg, and his work has been featured
in Fortune, Forbes, ZDNet, Capital Market Labs, and The New York Times. His
writing on artificial intelligence can be seen weekly at ZDNet. A selection of
recent CEO and CFO interviews with the best tech companies can be seen at
Capital Market Labs. Mr. Ray does not take positions in or receive
compensation from the companies he covers.

About Innodata

Innodata (NASDAQ:INOD) is a global data engineering company delivering the
promise of AI to many of the world's most prestigious companies. We provide
AI-enabled software platforms and managed services for AI data
collection/annotation, AI digital transformation, and industry-specific
business processes. Our low-code Innodata AI technology platform is at the
core of our offerings. In every relationship, we honor our 30+ year legacy
delivering the highest quality data and outstanding service to our customers.
Visit www.innodata.com (https://pr.report/nGA20bKj)  to learn more.

Forward Looking Statements

This press release may contain certain forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and
Section 27A of the Securities Act of 1933, as amended. These forward-looking
statements include, without limitation, statements concerning our operations,
economic performance, and financial condition. Words such as "project,"
"believe," "expect," "can," "continue," "could," "intend," "may," "should,"
"will," "anticipate," "indicate," "predict," "likely," "estimate," "plan,"
"potential," "possible," "promises," or the negatives thereof, and other
similar expressions generally identify forward-looking statements.

These forward-looking statements are based on management's current
expectations, assumptions and estimates and are subject to a number of risks
and uncertainties, including, without limitation, impacts resulting from the
continuing conflict between Russia and the Ukraine and Hamas' attack against
Israel and the ensuing conflict; investments in large language models; that
contracts may be terminated by customers; projected or committed volumes of
work may not materialize; pipeline opportunities and customer discussions
which may not materialize into work or expected volumes of work; the
likelihood of continued development of the markets, particularly new and
emerging markets, that our services support; the ability and willingness of
our customers and prospective customers to execute business plans that give
rise to requirements for our services; continuing reliance on project-based
work in the Digital Data Solutions (DDS) segment and the primarily at-will
nature of such contracts and the ability of these customers to reduce, delay
or cancel projects; potential inability to replace projects that are
completed, canceled or reduced; continuing DDS segment revenue concentration
in a limited number of customers; our dependency on content providers in our
Agility segment; the Company's ability to achieve revenue and growth targets;
difficulty in integrating and deriving synergies from acquisitions, joint
ventures and strategic investments; potential undiscovered liabilities of
companies and businesses that we may acquire; potential impairment of the
carrying value of goodwill and other acquired intangible assets of companies
and businesses that we acquire; a continued downturn in or depressed market
conditions; changes in external market factors; changes in our business or
growth strategy; the emergence of new, or growth in existing competitors;
various other competitive and technological factors; our use of and reliance
on information technology systems, including potential security breaches,
cyber-attacks, privacy breaches or data breaches that result in the
unauthorized disclosure of consumer, customer, employee or Company
information, or service interruptions and other risks and uncertainties
indicated from time to time in our filings with the Securities and Exchange
Commission.

Our actual results could differ materially from the results referred to in
forward-looking statements. Factors that could cause or contribute to such
differences include, but are not limited to, the risks discussed in Part I,
Item 1A. "Risk Factors," Part II, Item 7. "Management's Discussion and
Analysis of Financial Condition and Results of Operations," and other parts of
our Annual Report on Form 10-K, filed with the Securities and Exchange
Commission on February 24, 2023, as updated or amended by our other filings
that we may make with the Securities and Exchange Commission. In light of
these risks and uncertainties, there can be no assurance that the results
referred to in the forward-looking statements will occur, and you should not
place undue reliance on these forward-looking statements. These
forward-looking statements speak only as of the date hereof.

We undertake no obligation to update or review any guidance or other
forward-looking statements, whether as a result of new information, future
developments or otherwise, except as may be required by the Federal securities
laws.

Company Contact

Marcia Novero

Innodata Inc.
Mnovero@innodata.com

(201) 371-8015

SOURCE: Innodata Inc.

 

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