Identiv Inc
For the period ended Jun 30, 2024. Filed Aug 9, 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.
Jun 30, 2024 · Filed Aug 9, 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 June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Net revenue | $6,741 | $11,476 | $13,399 | $20,365 |
| Cost of revenue | 6,127 | 9,844 | 12,302 | 17,515 |
| Gross profit | 614 | 1,632 | 1,097 | 2,850 |
| Operating expenses: | ||||
| Research and development | 966 | 1,151 | 1,863 | 2,131 |
| Selling and marketing | 1,828 | 1,602 | 2,997 | 3,121 |
| General and administrative | 4,540 | 2,161 | 8,020 | 4,362 |
| Restructuring and severance | — | 45 | — | 46 |
| Total operating expenses | 7,334 | 4,959 | 12,880 | 9,660 |
| Loss from continuing operations | (6,720) | (3,327) | (11,783) | (6,810) |
| Non-operating income (expense): | ||||
| Interest expense, net | (149) | (90) | (236) | (140) |
| Foreign currency gains (losses), net | (59) | (34) | (285) | 62 |
| Loss from continuing operations before income tax benefit (provision) | (6,928) | (3,451) | (12,304) | (6,888) |
| Income tax benefit (provision) | 5 | — | (1) | (2) |
| Net loss from continuing operations | (6,923) | (3,451) | (12,305) | (6,890) |
| Income from discontinued operations, net of tax | 707 | 2,307 | 1,531 | 3,027 |
| Net loss | (6,216) | (1,144) | (10,774) | (3,863) |
| Other comprehensive loss: | ||||
| Foreign currency translation adjustment, net of tax | (104) | (19) | (394) | 101 |
| Comprehensive loss | $(6,320) | $(1,163) | $(11,168) | $(3,762) |
| Net income (loss) per common share: | ||||
| Basic and diluted - continuing operations | $(0.31) | $(0.16) | $(0.55) | $(0.33) |
| Basic and diluted - discontinued operations | $0.03 | $0.10 | $0.07 | $0.13 |
| Basic and diluted - net loss | $(0.27) | $(0.06) | $(0.48) | $(0.20) |
| Weighted average common shares outstanding: | ||||
| Basic and diluted | 23,459 | 23,051 | 23,413 | 22,924 |
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