Innodata Awarded New Programs from “Magnificent Seven” Big Tech Customer Valued at Approximately $44 Million in Annualized Run Rate Revenue [Yahoo! Finance]
Innodata Inc. (INOD)
US:NASDAQ Investor Relations:
innodata.com/investors
Company Research
Source: Yahoo! Finance
two new large language model (LLM) development programs by one of its existing "Magnificent Seven" Big Tech customers. Innodata anticipates that the new programs, once ramped up, will together result in approximately $44 million of additional annualized run rate revenue. These awards are in addition to the new programs and program expansion with this customer Innodata announced on April 24 and May 7. While Innodata's agreement with this customer contains early-termination-upon-notice provisions, Innodata believes this customer is committed to a significant, multi-year LLM strategy from which Innodata stands to benefit. "We are very excited to announce having been awarded these significant new programs," stated Jack Abuhoff, Innodata CEO. "Moreover, we are in discussions with the customer about additional potential programs and expansions." Abuhoff continued, "In awarding us these new programs, the customer reiterated its confidence in the high-quality demonstration data that Innod
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INOD
News
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INOD
Earnings
- 8/8/24 - In-Line
INOD
Sec Filings
- 9/16/24 - Form S-3/A
- 8/9/24 - Form 10-Q
- 8/8/24 - Form 8-K
- INOD's page on the SEC website