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)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,31216,65028,55311,4099,38310,866
Cash and cash equivalents23,31216,65028,55311,4099,38310,866
Receivables21,96924,82619,96318,92718,36314,952
Inventory, net of allowances, customer advances and progress billings28,71228,95819,92420,29616,14513,631
Inventory28,71228,95819,92420,29616,14513,631
Disposal group, including discontinued operation      
Other undisclosed current assets5,4934,6644,2862,8132,2922,743
Total current assets:79,48675,09872,72653,44546,18342,192
Noncurrent Assets
Operating lease, right-of-use asset5,2144,3732,0883,4054,629
Property, plant and equipment9,3206,7194,0662,8272,0422,624
Intangible assets, net (including goodwill) 14,46915,45516,71317,82920,34220,266
Goodwill 10,21810,19010,26810,26610,2389,286
Intangible assets, net (excluding goodwill) 4,2515,2656,4457,56310,10410,980
Disposal group, including discontinued operation, noncurrent assets      
Other noncurrent assets1,2341,1201,0701,1711,1221,224
Total noncurrent assets:30,23727,66723,93725,23228,13524,114
TOTAL ASSETS:109,723102,76596,66378,67774,31866,306
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,77820,13517,42617,18914,96812,725
Employee-related liabilities3,1502,9851,6711,794
Accounts payable12,25014,76010,50210,9648,7995,654
Accrued liabilities4,5285,3753,7743,2404,4985,277
Deferred revenue 2,3412,0682,1531,9812,193
Debt9,949  20,08416,00313,554
Disposal group, including discontinued operation      
Contract with customer, liability2,174
Other undisclosed current liabilities1,7141,1901,2692,3191,3111,025
Total current liabilities:30,78223,39320,84841,57334,47529,478
Noncurrent Liabilities
Long-term debt and lease obligation:   9382,2723,013 
Liabilities, other than long-term debt4,6693,9783656431,0041,268
Deferred revenue 927587280385640
Contract with customer, liability636
Disposal group, including discontinued operation, liabilities      
Other liabilities262585258364632
Operating lease, liability3,7163,3669382,2723,013
Other undisclosed noncurrent liabilities     3601,860
Total noncurrent liabilities:4,6693,9781,3032,9154,3773,128
Total liabilities:35,45127,37122,15144,48838,85232,606
Equity
Equity, attributable to parent, including:74,27275,39474,51234,18935,46633,870
Preferred stock      
Common stock252424191817
Treasury stock, value(12,969)(12,173)(11,134)(9,933)(9,043)(8,153)
Additional paid in capital500,752495,818492,657452,129447,965444,145
Accumulated other comprehensive income1,3291,1011,9492,5782,0252,209
Accumulated deficit(414,870)(409,381)(408,989)(410,609)(405,504)(404,353)
Other undisclosed equity, attributable to parent 555555
Equity, attributable to noncontrolling interest      (170)
Total equity:74,27275,39474,51234,18935,46633,700
TOTAL LIABILITIES AND EQUITY:109,723102,76596,66378,67774,31866,306

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues116,383112,915103,76986,92083,75578,142
Cost of revenue(74,219)(71,971)(66,702)(53,239)(47,101)(44,810)
Gross profit:42,16440,94437,06733,68136,65433,332
Operating expenses(47,219)(41,277)(38,414)(37,129)(36,763)(35,197)
Operating loss:(5,055)(333)(1,347)(3,448)(109)(1,865)
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
25155(79)(122)59204
Interest and debt expense   2,946(497)(52)(1,369)
Income (loss) from continuing operations before equity method investments, income taxes:(5,030)(178)1,520(4,067)(102)(3,030)
Other undisclosed income (loss) from continuing operations before income taxes(295)(113)128(965)(723)(1,518)
Income (loss) from continuing operations before income taxes:(5,325)(291)1,648(5,032)(825)(4,548)
Income tax expense(164)(101)(28)(73)(326)(155)
Income (loss) from continuing operations:(5,489)(392)1,620(5,105)(1,151)(4,703)
Income (loss) before gain (loss) on sale of properties:1,620(5,105)(1,151)(4,703)
Income from discontinued operations      
Net income (loss):(5,489)(392)1,620(5,105)(1,151)(4,703)
Net loss attributable to noncontrolling interest      (5)
Net income (loss) attributable to parent:(5,489)(392)1,620(5,105)(1,151)(4,708)
Preferred stock dividends and other adjustments(1,266)(1,206)(1,148)(1,094)(1,042)(833)
Net income (loss) available to common stockholders, diluted:(6,755)(1,598)472(6,199)(2,193)(5,541)

Comprehensive Income ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(5,489)(392)1,620(5,105)(1,151)(4,703)
Other comprehensive loss     (184)(463)
Comprehensive income (loss):(5,489)(392)1,620(5,105)(1,335)(5,166)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (8)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent228(848)(629)553  
Comprehensive income (loss), net of tax, attributable to parent:(5,261)(1,240)991(4,552)(1,335)(5,174)

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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