NJ TECH CORNER: Innodata Inc.

Company Overview:

Innodata (NASDAQ: INOD) is a global digital services and technology company combining human expertise with deep learning technologies to power information products and enterprise artificial intelligence/digital transformation. Innodata serves businesses in banking and financial services, technology and digital retailing, legal, healthcare and scientific vertical markets. The Hackensack-based company operates in three reporting segments: Digital Data Solutions, Innodata Advanced Data Solutions, Media Intelligence Solutions. Founded in 1988, the company has operations in the United States, Philippines, India, Sri Lanka, Germany, Israel and Canada. The company has more than 3,000 employees worldwide as of Dec. 31, 2018.

Investment & Financial Information

Shares of common stock outstanding (as of April 10, 2019): 25,952,454
Share price of stock (as of June 28, 2019)   $  .94
Share price of stock (one year ago)   $1.02
Current valuation (as of June 28, 2019)   $24.4 million
Valuation one year ago   $26.4 million
Stock Symbol: NASDAQ:INOD
Net Revenues (year ended Dec. 31, 2018): $57.4 million
Net Revenues previous year $60.9 million
Net Income  (year ended Dec. 31, 2018) $4,000
Net  Income (Loss ) previous year: ($5.1 million)

Management Team

Name Age Title
  Jack S. Abuhoff   58 CEO, President, CFO and Chairman
  Ashok Kumar Mishra   64   Executive Vice President, COO  
  Amy R. Agress     NA*   Senior Vice President, General Counsel      
  R. Douglas Kemp                   NA*   Senior Vice President, Product Innovation
  Martin Lyster   NA*   CEO, Agility PR Solutions**

*Age not available

**A company subsidiary

Board of Directors

Name Age Title
  Jack S. Abuhoff   58 CEO, President, CFO and Chairman
    Louise C. Forlenza       69   Founder, LC Forlenza Advisory Services   
    Stewart R. Massey       62  Vice Chairman, Bow River Capital Partners;       Trustee, The College of Wooster; Member of investment committees. Hobart and William Smith Colleges and St. Mary’s Abbey Delbarton
  David B. Atkinson   65 Consultant, life insurance and reinsurance businesses; Fellow, Society of Actuaries; Director, MIB Group, Inc.
    Brian E. Kardon     61      Chief Marketing Officer, Fuze, Inc.
    Douglas J. Manoni     59      Founder, CEO, CyberRisk Alliance
    Michael J. Opat     58     Commissioner, Hennepin County (Minn.) Board of Commissioners

Noteworthy Control (as of April 10, 2019)

Name Shares of common stock owned % of total common shares
Jack S. Abuhoff   1,955,962   7.3%  
Luzich Partners LLC and Michael Luzich   3,295,203   12.7%  

[All information for NJ Tech Corner was taken from the company’s annual report and proxy statement, with the exception of the company’s stock price and valuation.]

Sharing is caring!

2118 More posts in News category
Recommended for you
Governor Phil Murphy attended a ribbon cutting of SOSV’s new HAX Newark Global HQ, Newark, NJ Tuesday April 30, 2024. (Rich Hundley III/ NJ Governor’s Office).
HAX, Supporting Innovative Hard-Tech Startups, Unveils Its Newark Headquarters to an Enthusiastic Crowd

By Rob Rinderman On May 1, a packed house of enthusiastic attendees — including some...