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 investments | 23,312 | 16,650 | 28,553 | 11,409 | 9,383 | 10,866 | |||
Cash and cash equivalents | 23,312 | 16,650 | 28,553 | 11,409 | 9,383 | 10,866 | |||
Receivables | 21,969 | 24,826 | 19,963 | 18,927 | 18,363 | 14,952 | |||
Inventory, net of allowances, customer advances and progress billings | 28,712 | 28,958 | 19,924 | 20,296 | 16,145 | 13,631 | |||
Inventory | 28,712 | 28,958 | 19,924 | 20,296 | 16,145 | 13,631 | |||
Disposal group, including discontinued operation | |||||||||
Other undisclosed current assets | 5,493 | 4,664 | 4,286 | 2,813 | 2,292 | 2,743 | |||
Total current assets: | 79,486 | 75,098 | 72,726 | 53,445 | 46,183 | 42,192 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 5,214 | 4,373 | 2,088 | 3,405 | 4,629 | ✕ | |||
Property, plant and equipment | 9,320 | 6,719 | 4,066 | 2,827 | 2,042 | 2,624 | |||
Intangible assets, net (including goodwill) | 14,469 | 15,455 | 16,713 | 17,829 | 20,342 | 20,266 | |||
Goodwill | 10,218 | 10,190 | 10,268 | 10,266 | 10,238 | 9,286 | |||
Intangible assets, net (excluding goodwill) | 4,251 | 5,265 | 6,445 | 7,563 | 10,104 | 10,980 | |||
Disposal group, including discontinued operation, noncurrent assets | |||||||||
Other noncurrent assets | 1,234 | 1,120 | 1,070 | 1,171 | 1,122 | 1,224 | |||
Total noncurrent assets: | 30,237 | 27,667 | 23,937 | 25,232 | 28,135 | 24,114 | |||
TOTAL ASSETS: | 109,723 | 102,765 | 96,663 | 78,677 | 74,318 | 66,306 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 16,778 | 20,135 | 17,426 | 17,189 | 14,968 | 12,725 | |||
Employee-related liabilities | ✕ | ✕ | ✕ | 3,150 | 2,985 | 1,671 | 1,794 | ||
Accounts payable | 12,250 | 14,760 | 10,502 | 10,964 | 8,799 | 5,654 | |||
Accrued liabilities | 4,528 | 5,375 | 3,774 | 3,240 | 4,498 | 5,277 | |||
Deferred revenue | 2,341 | 2,068 | 2,153 | 1,981 | 2,193 | ✕ | |||
Debt | 9,949 | 20,084 | 16,003 | 13,554 | |||||
Disposal group, including discontinued operation | |||||||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,174 | ||
Other undisclosed current liabilities | 1,714 | 1,190 | 1,269 | 2,319 | 1,311 | 1,025 | |||
Total current liabilities: | 30,782 | 23,393 | 20,848 | 41,573 | 34,475 | 29,478 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 938 | 2,272 | 3,013 | ||||||
Liabilities, other than long-term debt | 4,669 | 3,978 | 365 | 643 | 1,004 | 1,268 | |||
Deferred revenue | 927 | 587 | 280 | 385 | 640 | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 636 | ||
Disposal group, including discontinued operation, liabilities | |||||||||
Other liabilities | 26 | 25 | 85 | 258 | 364 | 632 | |||
Operating lease, liability | 3,716 | 3,366 | 938 | 2,272 | 3,013 | ✕ | |||
Other undisclosed noncurrent liabilities | 360 | 1,860 | |||||||
Total noncurrent liabilities: | 4,669 | 3,978 | 1,303 | 2,915 | 4,377 | 3,128 | |||
Total liabilities: | 35,451 | 27,371 | 22,151 | 44,488 | 38,852 | 32,606 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 74,272 | 75,394 | 74,512 | 34,189 | 35,466 | 33,870 | |||
Preferred stock | |||||||||
Common stock | 25 | 24 | 24 | 19 | 18 | 17 | |||
Treasury stock, value | (12,969) | (12,173) | (11,134) | (9,933) | (9,043) | (8,153) | |||
Additional paid in capital | 500,752 | 495,818 | 492,657 | 452,129 | 447,965 | 444,145 | |||
Accumulated other comprehensive income | 1,329 | 1,101 | 1,949 | 2,578 | 2,025 | 2,209 | |||
Accumulated deficit | (414,870) | (409,381) | (408,989) | (410,609) | (405,504) | (404,353) | |||
Other undisclosed equity, attributable to parent | 5 | 5 | 5 | 5 | 5 | 5 | |||
Equity, attributable to noncontrolling interest | (170) | ||||||||
Total equity: | 74,272 | 75,394 | 74,512 | 34,189 | 35,466 | 33,700 | |||
TOTAL LIABILITIES AND EQUITY: | 109,723 | 102,765 | 96,663 | 78,677 | 74,318 | 66,306 |
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 116,383 | 112,915 | 103,769 | 86,920 | 83,755 | 78,142 | ||
Cost of revenue | (74,219) | (71,971) | (66,702) | (53,239) | (47,101) | (44,810) | ||
Gross profit: | 42,164 | 40,944 | 37,067 | 33,681 | 36,654 | 33,332 | ||
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) | 25 | 155 | (79) | (122) | 59 | 204 | ||
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 parent | 228 | (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.