Innodata reported results for the fourth quarter and the year ended December 31, 2019. The company saw sequentially improved revenue, gross margin and Adjusted EBITDA performance in the quarter. They emerged from 2019 with a redesigned solutions and product portfolio to address the data needs of enterprises across verticals for data annotation and data transformation.
Reported sequentially improved revenue, gross margin and Adjusted EBITDA performance in the quarter.
Redesigned solutions and product portfolio to address the data needs of enterprises across verticals for data annotation and data transformation.
Solutions and products leverage the data services we have provided historically for large information companies and the significant investments we have made in AI technology over the past three years.
Spent approximately $1.84 million of the $2.0 million stock buyback authorization announced in July, having purchased 1,503,095 shares of stock at an average price of $1.23.
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