Identiv Inc
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
INVE$2.66+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Loss
(Unaudited, in thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net revenue | $22,494 | $25,997 |
| Cost of revenue | 14,102 | 16,786 |
| Gross profit | 8,392 | 9,211 |
| Operating expenses: | ||
| Research and development | 3,011 | 2,707 |
| Selling and marketing | 5,302 | 6,097 |
| General and administrative | 4,252 | 2,948 |
| Restructuring and severance | 22 | 191 |
| Total operating expenses | 12,587 | 11,943 |
| Loss from operations | (4,195) | (2,732) |
| Non-operating income (expense): | ||
| Interest expense, net | (87) | (50) |
| Foreign currency gains (losses), net | (256) | 89 |
| Loss before income tax provision | (4,538) | (2,693) |
| Income tax provision | (20) | (26) |
| Net loss | (4,558) | (2,719) |
| Other comprehensive loss: | ||
| Foreign currency translation adjustment, net of tax | (290) | 120 |
| Comprehensive loss | $(4,848) | $(2,599) |
| Net loss per common share: | ||
| Basic | $(0.21) | $(0.13) |
| Diluted | $(0.21) | $(0.13) |
| Weighted average shares used in computing net loss per common share: | ||
| Basic | 23,368 | 22,794 |
| Diluted | 23,368 | 22,794 |
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