RCS - Innodata Inc. - Innodata Participating Today in Non-Deal Roadshow

InnodataAnnouncement

17/10/2023 14:45

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RNS Number : 3040Q  Innodata Inc.  17 October 2023

Innodata Participating Today in Non-Deal Roadshow

Innodata Reiterates Guidance

NEW YORK, NY / ACCESSWIRE / October 17, 2023 / Innodata Inc
(https://pr.report/bf6uAzy7) . (NASDAQ:INOD), a leading data engineering
company, announced that it will be participating all day today in non-deal
road show meetings with prospective investors organized by Alliance Global
Partners.

A non-deal roadshow is an investor relations program during which management
meets one-on-one with prospective institutional investors to communicate the
highlights and investment propositions of the company. It is "non-deal"
because it is not for the purpose of selling securities in an IPO or secondary
offering.

Innodata's investor presentation is available at
innodata.com/investor-relations/ (https://pr.report/NCpDvMV2) . Innodata will
be reiterating guidance provided on August 10, 2023 in its second quarter
earnings release (https://pr.report/QS1ly8Fo) that it expects revenue and
Adjusted EBITDA* growth to accelerate in the ensuing quarters, both
sequentially and year-over-year, beginning in Q3, as the wins that it
discussed in that release start ramping up.

Alliance Global Partners (www.allianceg.com (https://pr.report/W1ST2rnq) ) is
a global investment and advisory firm based in New York City.

* Adjusted EBITDA is defined below.

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/drIYcJNz) to learn more.

Forward Looking Statements

This press release may contain 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. Words such as "project,"
"believe," "expect," "can," "continue," "could," "intend," "may," "should,"
"will," "anticipate," "indicate," "forecast," "predict," "likely," "goals,"
"estimate," "plan," "potential," "promises," "possible," or the negatives
thereof and other similar expressions generally identify forward-looking
statements, which speak only as of the date hereof.

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, the expected or potential
effects of the novel coronavirus ("COVID-19") pandemic and the responses of
governments, the general global population, our customers, and the Company
thereto; impacts resulting from the rapidly evolving conflict between Russia
and the Ukraine; 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; 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; the likelihood of continued development
of the markets, particularly new and emerging markets, that our services
support; continuing DDS segment revenue concentration in a limited number of
customers; potential inability to replace projects that are completed,
canceled or reduced; our dependency on content providers in our Agility
segment; difficulty in integrating and deriving synergies from acquisitions,
joint venture 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; the ability and willingness of
our customers and prospective customers to execute business plans that give
rise to requirements for our services; 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.

Non-GAAP Financial Measures

In addition to the financial information prepared in conformity with U.S. GAAP
("GAAP"), we provide certain non-GAAP financial information. We believe that
these non-GAAP financial measures assist investors in making comparisons of
period-to-period operating results. In some respects, management believes
non-GAAP financial measures are more indicative of our ongoing core operating
performance than their GAAP equivalents by making adjustments that management
believes are reflective of the ongoing performance of the business.

We believe that the presentation of this non-GAAP financial information
provides investors with greater transparency by providing investors a more
complete understanding of our financial performance, competitive position, and
prospects for the future, particularly by providing the same information that
management and our Board of Directors use to evaluate our performance and
manage the business. However, the non-GAAP financial measures presented in
this press release have certain limitations in that they do not reflect all of
the costs associated with the operations of our business as determined in
accordance with GAAP. Therefore, investors should consider non-GAAP financial
measures in addition to, and not as a substitute for, or as superior to,
measures of financial performance prepared in accordance with GAAP. Further,
the non-GAAP financial measures that we present may differ from similar
non-GAAP financial measures used by other companies.

Adjusted EBITDA

We define Adjusted EBITDA as net income (loss) attributable to Innodata Inc.
and its subsidiaries in accordance with U.S. GAAP before interest expense,
income taxes, depreciation and amortization of intangible assets (which
derives EBITDA), plus additional adjustments for loss on impairment of
intangible assets and goodwill, stock-based compensation, income (loss)
attributable to non-controlling interests, non-recurring severance, and other
one-time costs.

We use Adjusted EBITDA to evaluate core results of operations and trends
between fiscal periods and believe that these measures are important
components of our internal performance measurement process.

Company Contact:

Marcia Novero

Innodata Inc.

mnovero@innodata.com

201-371-8015

SOURCE: Innodata Inc.

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