Innodata Reports Third-Quarter Business Developments and Revenue Outlook

Innodata secured five new hyperscaler programs projected to generate more than $20 million in 2027 revenue, plus two programs with a former small customer valued at $47 million. It raised its 2026 revenue-growth forecast to at least 42%, from at least 40%, and launched a motion-capture lab for robotics training. A verbal federal contract win could add $5 million annually for five years, pending formal signing. However, two customers represented about 74% of third-quarter revenue, and a program termination in mid-October is expected to leave a $12 million fourth-quarter revenue gap.