Identiv, Inc. (INVE) Financial Statements (2024 and earlier)

Company Profile

Business Address 2201 WALNUT AVENUE
FREMONT, CA 94538
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,65028,55311,4099,38310,86619,052
Cash and cash equivalents16,65028,55311,4099,38310,86619,052
Receivables24,82619,96318,92718,36314,95212,282
Inventory, net of allowances, customer advances and progress billings28,95819,92420,29616,14513,63111,126
Inventory28,95819,92420,29616,14513,63111,126
Other undisclosed current assets4,6644,2862,8132,2922,7431,779
Total current assets:75,09872,72653,44546,18342,19244,239
Noncurrent Assets
Operating lease, right-of-use asset4,3732,0883,4054,629
Property, plant and equipment6,7194,0662,8272,0422,6242,043
Intangible assets, net (including goodwill)15,45516,71317,82920,34220,2664,365
Goodwill10,19010,26810,26610,2389,286 
Intangible assets, net (excluding goodwill)5,2656,4457,56310,10410,9804,365
Other noncurrent assets1,1201,0701,1711,1221,224715
Total noncurrent assets:27,66723,93725,23228,13524,1147,123
TOTAL ASSETS:102,76596,66378,67774,31866,30651,362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,13517,42617,18914,96812,7259,398
Employee-related liabilities3,1502,9851,6711,7941,515
Accounts payable14,76010,50210,9648,7995,6545,863
Accrued liabilities5,3753,7743,2404,4985,2772,020
Deferred revenue2,0682,1531,9812,193
Debt  20,08416,00313,554888
Deferred revenue and credits1,090
Contract with customer, liability2,174
Other undisclosed current liabilities1,1901,2692,3191,3111,0259,829
Total current liabilities:23,39320,84841,57334,47529,47821,205
Noncurrent Liabilities
Long-term debt and lease obligation  9382,2723,013 2,998
Long-term debt, excluding current maturities      2,998
Liabilities, other than long-term debt, including:3,9783656431,0041,2682,921
Deferred revenue587280385640
Contract with customer, liability636
Other liabilities2585258364632385
Operating lease, liability3,3669382,2723,013
Other undisclosed liabilities, other than long-term debt      2,536
Other undisclosed noncurrent liabilities    3601,860385
Total noncurrent liabilities:3,9781,3032,9154,3773,1286,304
Total liabilities:27,37122,15144,48838,85232,60627,509
Equity
Equity, attributable to parent, including:75,39474,51234,18935,46633,87024,031
Preferred stock      
Common stock242419181715
Treasury stock, value(12,173)(11,134)(9,933)(9,043)(8,153)(7,485)
Additional paid in capital495,818492,657452,129447,965444,145428,470
Accumulated other comprehensive income1,1011,9492,5782,0252,2092,675
Accumulated deficit(409,381)(408,989)(410,609)(405,504)(404,353)(399,647)
Other undisclosed equity, attributable to parent 555553
Equity, attributable to noncontrolling interest     (170)(178)
Total equity:75,39474,51234,18935,46633,70023,853
TOTAL LIABILITIES AND EQUITY:102,76596,66378,67774,31866,30651,362

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues112,915103,76986,92083,75578,14260,219
Cost of revenue(71,971)(66,702)(53,239)(47,101)(44,810)(38,059)
Gross profit:40,94437,06733,68136,65433,33222,160
Operating expenses(41,277)(38,414)(37,129)(36,763)(35,197)(26,790)
Operating loss:(333)(1,347)(3,448)(109)(1,865)(4,630)
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
155(79)(122)59204(358)
Interest and debt expense  2,946(497)(52)(1,369)(788)
Income (loss) from continuing operations before equity method investments, income taxes:(178)1,520(4,067)(102)(3,030)(5,776)
Other undisclosed income (loss) from continuing operations before income taxes(113)128(965)(723)(1,518)(2,590)
Income (loss) from continuing operations before income taxes:(291)1,648(5,032)(825)(4,548)(8,366)
Income tax expense (benefit)(101)(28)(73)(326)(155)214
Income (loss) from continuing operations:(392)1,620(5,105)(1,151)(4,703)(8,152)
Income (loss) before gain (loss) on sale of properties:1,620(5,105)(1,151)(4,703)(8,152)
Net income (loss):(392)1,620(5,105)(1,151)(4,703)(8,152)
Net income (loss) attributable to noncontrolling interest     (5)14
Net income (loss) attributable to parent:(392)1,620(5,105)(1,151)(4,708)(8,138)
Preferred stock dividends and other adjustments(1,206)(1,148)(1,094)(1,042)(833) 
Net income (loss) available to common stockholders, diluted:(1,598)472(6,199)(2,193)(5,541)(8,138)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(392)1,620(5,105)(1,151)(4,703)(8,152)
Other comprehensive income (loss)    (184)(463)638
Comprehensive income (loss):(392)1,620(5,105)(1,335)(5,166)(7,514)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (8)(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(848)(629)553   
Comprehensive income (loss), net of tax, attributable to parent:(1,240)991(4,552)(1,335)(5,174)(7,516)

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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