Identiv Inc
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Nov 12, 2024
INVE$2.66+0.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows used in operating activities | ||
| Net income (loss) | $75,175 | $(3,885) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 2,176 | 2,000 |
| Gain on sale of discontinued operations, net of taxes | (99,546) | — |
| Gain on investment | — | (132) |
| Amortization of debt issuance costs | 113 | 28 |
| Stock-based compensation expense | 7,854 | 2,973 |
| Loss on disposal of property and equipment | 99 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 5,500 | (1,006) |
| Inventories | 2,005 | (512) |
| Prepaid expenses and other assets | (2,130) | (1,206) |
| Accounts payable | (2,042) | (2,715) |
| Deferred revenue | 311 | 723 |
| Accrued income taxes payable | (220) | 49 |
| Accrued expenses and other liabilities | 1,195 | 69 |
| Net cash used in operating activities | (9,510) | (3,614) |
| Cash flows from investing activities: | ||
| Capital expenditures | (873) | (3,139) |
| Proceeds from sale of discontinued operations, net of cash sold | 143,394 | — |
| Proceeds from investment | — | 132 |
| Net cash provided by (used in) investing activities | 142,521 | (3,007) |
| Cash flows from financing activities: | ||
| Borrowings under revolving loan facility, net of issuance costs | 9,887 | 18,911 |
| Repayments under revolving loan facility | (20,000) | (9,000) |
| Taxes paid related to net share settlement of restricted stock units | (1,599) | (415) |
| Proceeds from exercise of warrants | — | 963 |
| Net cash provided by (used in) financing activities | (11,712) | 10,459 |
| Effect of exchange rates on cash, cash equivalents, and restricted cash | 62 | (47) |
| Net increase in cash, cash equivalents, and restricted cash | 121,361 | 3,791 |
| Cash, cash equivalents, and restricted cash at beginning of period | 24,384 | 17,137 |
| Cash, cash equivalents, and restricted cash at end of period | $145,745 | $20,928 |
| Supplemental disclosures of cash flow information: | ||
| Interest paid | $324 | $335 |
| Taxes paid, net | $1,747 | $58 |
| Non-cash investing and financing activities: | ||
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | $368 | $2,306 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.