Innodata Awarded New Programs from "Magnificent Seven" Big Tech Customer Valued at Approximately $20 Million in Annualized Run Rate Revenue [Yahoo! Finance]
Innodata Inc. (INOD)
US:NASDAQ Investor Relations:
innodata.com/investors
Company Research
Source: Yahoo! Finance
awarded three 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 $20 million of additional annualized run rate revenue. Prior to the new awards, annualized run rate revenue from the customer was approximately $23 million. Innodata expects that an amendment to its agreement with this customer reflecting these awards will be signed in the next few weeks. Innodata has already begun work on the newly awarded programs. "We are very excited to announce this significant expansion," stated Jack Abuhoff, Innodata CEO. "Moreover, we anticipate potential opportunities for further expansion in 2024. The customer continues to express how our high-quality, large-scale, custom data results in superior fine-tuning of their LLMs and that their AI engineering teams greatly value the Innodata partnership." For large technology companies, In
Show less
Read more
Impact Snapshot
Event Time:
INOD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
INOD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
INOD alerts
High impacting Innodata Inc. news events
Weekly update
A roundup of the hottest topics
INOD
News
- Innodata to Report First Quarter 2024 ResultsAccesswire
- Innodata Releases Open-Source LLM Evaluation Toolkit and Evaluation Datasets and Announces New LLM Trust and Safety Wins [Yahoo! Finance]Yahoo! Finance
- Innodata Releases Open-Source LLM Evaluation Toolkit and Evaluation Datasets and Announces New LLM Trust and Safety WinsAccesswire
- Innodata Awarded New Programs from "Magnificent Seven" Big Tech Customer Valued at Approximately $20 Million in Annualized Run Rate Revenue Accesswire
- Innodata Inc. Class Action: Levi & Korsinsky Reminds Innodata Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of April 22, 2024 – INODAccesswire
INOD
Analyst Actions
- 2/26/24 - TheStreet
INOD
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- INOD's page on the SEC website