Identiv, Inc. (INVE) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments28,55311,4099,38310,86619,0529,11616,667
Cash and cash equivalents28,55311,4099,38310,86619,0529,11616,667
Receivables19,96318,92718,36314,95212,2829,4307,915
Inventory, net of allowances, customer advances and progress billings19,92420,29616,14513,63111,12611,59614,726
Inventory19,92420,29616,14513,63111,12611,59614,726
Prepaid expense      841
Other current assets      1,125
Other undisclosed current assets4,2862,8132,2922,7431,7791,510 
Total current assets:72,72653,44546,18342,19244,23931,65241,274
Noncurrent Assets
Operating lease, right-of-use asset2,0883,4054,629
Property, plant and equipment4,0662,8272,0422,6242,0432,4164,218
Intangible assets, net (including goodwill)16,71317,82920,34220,2664,3655,8207,275
Goodwill10,26810,26610,2389,286   
Intangible assets, net (excluding goodwill)6,4457,56310,10410,9804,3655,8207,275
Other noncurrent assets1,0701,1711,1221,2247157121,129
Total noncurrent assets:23,93725,23228,13524,1147,1238,94812,622
TOTAL ASSETS:96,66378,67774,31866,30651,36240,60053,896
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,42617,18914,96812,7259,39812,57614,020
Accounts payable10,50210,9648,7995,6545,8636,0246,280
Accrued liabilities3,7743,2404,4985,2772,0205,0325,835
Employee-related liabilities3,1502,9851,6711,7941,5151,5201,905
Deferred revenue2,1531,9812,193
Debt 20,08416,00313,554888786681
Deferred revenue and credits1,0901,0851,515
Contract with customer, liability2,174
Other undisclosed current liabilities1,2692,3191,3111,0259,8298,119 
Total current liabilities:20,84841,57334,47529,47821,20522,56616,216
Noncurrent Liabilities
Long-term debt and lease obligation9382,2723,013 2,9983,9874,878
Long-term debt, excluding current maturities    2,9983,9874,878
Operating lease, liability9382,2723,013
Liabilities, other than long-term debt, including:3656431,0041,2682,9219,77918,104
Deferred revenue280385640
Contract with customer, liability636
Other liabilities85258364632385335508
Other undisclosed liabilities, other than long-term debt    2,5369,44417,596
Other undisclosed noncurrent liabilities  3601,860385335508
Total noncurrent liabilities:1,3032,9154,3773,1286,30414,10123,490
Total liabilities:22,15144,48838,85232,60627,50936,66739,706
Stockholders' equity
Stockholders' equity attributable to parent, including:74,51234,18935,46633,87024,0314,11314,346
Common stock24191817151111
Treasury stock, value(11,134)(9,933)(9,043)(8,153)(7,485)(6,708)(6,487)
Additional paid in capital492,657452,129447,965444,145428,470400,266396,407
Accumulated other comprehensive income1,9492,5782,0252,2092,6752,0532,229
Accumulated deficit(408,989)(410,609)(405,504)(404,353)(399,647)(391,509)(377,814)
Other undisclosed stockholders' equity attributable to parent55553  
Stockholders' equity attributable to noncontrolling interest   (170)(178)(180)(156)
Total stockholders' equity:74,51234,18935,46633,70023,8533,93314,190
TOTAL LIABILITIES AND EQUITY:96,66378,67774,31866,30651,36240,60053,896

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues103,76986,92083,75578,14260,21956,16860,794
Cost of revenue(66,702)(53,239)(47,101)(44,810)(38,059)(32,439)(37,645)
Gross profit:37,06733,68136,65433,33222,16023,72923,149
Operating expenses(38,414)(37,129)(36,763)(35,197)(26,790)(34,949)(59,028)
Operating loss:(1,347)(3,448)(109)(1,865)(4,630)(11,220)(35,879)
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(79)(122)59204(358)27(1,211)
Interest and debt expense2,946(497)(52)(1,369)(788)(811)(408)
Income (loss) from continuing operations before equity method investments, income taxes:1,520(4,067)(102)(3,030)(5,776)(12,004)(37,498)
Other undisclosed income (loss) from continuing operations before income taxes128(965)(723)(1,518)(2,590)(1,567)(1,500)
Income (loss) from continuing operations before income taxes:1,648(5,032)(825)(4,548)(8,366)(13,571)(38,998)
Income tax expense (benefit)(28)(73)(326)(155)214(132)(222)
Net income (loss):1,620(5,105)(1,151)(4,703)(8,152)(13,703)(39,220)
Net income (loss) attributable to noncontrolling interest   (5)14876
Net income (loss) attributable to parent:1,620(5,105)(1,151)(4,708)(8,138)(13,695)(39,144)
Preferred stock dividends and other adjustments(1,148)(1,094)(1,042)(833)   
Net income (loss) available to common stockholders, diluted:472(6,199)(2,193)(5,541)(8,138)(13,695)(39,144)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,620(5,105)(1,151)(4,703)(8,152)(13,703)(39,220)
Other comprehensive income (loss)  (184)(463)638(192)527
Comprehensive income (loss):1,620(5,105)(1,335)(5,166)(7,514)(13,895)(38,693)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   (8)(2)2479
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(629)553     
Comprehensive income (loss), net of tax, attributable to parent:991(4,552)(1,335)(5,174)(7,516)(13,871)(38,614)

Statements sources

The financial statements are based on the company's filings with the 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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