Innovid Corp. (CTV) Financial Statements (2024 and earlier)

Company Profile

Business Address 30 IRVING PLACE, 12TH FLOOR
NEW YORK, NY 10003
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,541156,696 
Cash and cash equivalents37,541156,696 
Receivables43,65335,422 
Prepaid expense1,7212,333 
Deferred costs   166
Deposits current assets99142 
Other current assets616503 
Other undisclosed current assets10,204153 
Total current assets:93,834195,249166
Noncurrent Assets
Operating lease, right-of-use asset2,910  
Property, plant and equipment14,3224,840 
Intangible assets, net (including goodwill)146,8944,555 
Goodwill116,9764,555 
Intangible assets, net (excluding goodwill)29,918  
Other noncurrent assets938116 
Other undisclosed noncurrent assets707772 
Total noncurrent assets:165,77110,283 
TOTAL ASSETS:259,605205,532166
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,83515,850141
Employee-related liabilities7,742 
Accounts payable3,3615,026 
Accrued liabilities5,4743,082141
Debt  6,0005
Other undisclosed current liabilities12,351  
Total current liabilities:21,18621,850146
Noncurrent Liabilities
Long-term debt and lease obligation20,000  
Long-term debt, excluding current maturities20,000  
Liabilities, other than long-term debt8,1903,455 
Other liabilities6,5543,455 
Operating lease, liability1,636  
Other undisclosed noncurrent liabilities4,30118,972 
Total noncurrent liabilities:32,49122,427 
Total liabilities:53,67744,277146
Equity
Equity, attributable to parent, including:205,928161,25520
Common stock1312 
Additional paid in capital356,801293,71924
Accumulated deficit(150,886)(132,476)(5)
Other undisclosed equity, attributable to parent   1
Total equity:205,928161,25520
TOTAL LIABILITIES AND EQUITY:259,605205,532166

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues127,11790,291 
Cost of revenue(30,187)(17,785) 
Gross profit:96,93072,506 
Operating expenses(120,528)(78,355)(5)
Other undisclosed operating loss (6,143)  
Operating loss:(29,741)(5,849)(5)
Interest and debt expense (4,386) 
Loss from continuing operations before equity method investments, income taxes:(29,741)(10,235)(5)
Other undisclosed income from continuing operations before income taxes13,348  
Loss from continuing operations before income taxes:(16,393)(10,235)(5)
Income tax expense(2,017)(1,237) 
Loss from continuing operations:(18,410)(11,472)(5)
Loss before gain (loss) on sale of properties:(11,472)(5)
Net loss attributable to parent:(18,410)(11,472)(5)
Preferred stock dividends and other adjustments  (77,063) 
Net loss available to common stockholders, diluted:(18,410)(88,535)(5)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net loss:(18,410)(11,472)(5)
Comprehensive loss, net of tax, attributable to parent:(18,410)(11,472)(5)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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