INVE Technologies, Inc.

For the period ended Dec 31, 2024. Filed Mar 17, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 17, 2025

INVE$2.60+2.0%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(In thousands, except par value)

	December 31,
	2024	2023
ASSETS
Current assets:
Cash and cash equivalents	$135,646	$23,312
Restricted cash	300	1,072
Accounts receivable, net of allowances of $655 and $1,610 as of December 31, 2024 and 2023, respectively	4,214	7,174
Inventories	7,475	12,649
Prepaid expenses and other current assets	5,210	2,170
Current assets held-for-sale	—	33,109
Total current assets	152,845	79,486
Property and equipment, net	7,694	8,472
Operating lease right-of-use assets	2,000	2,289
Other assets	686	678
Non-current assets held-for-sale	—	18,798
Total assets	$163,225	$109,723
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$2,746	$5,445
Financial liabilities, net of debt issuance costs of $0 and $51 as of December 31, 2024 and 2023, respectively	—	9,949
Operating lease liabilities	852	782
Accrued compensation and related benefits	862	1,376
Accrued income taxes payable	1,173	104
Other accrued expenses and liabilities	2,327	917
Current liabilities held-for-sale	—	12,209
Total current liabilities	7,960	30,782
Long-term operating lease liabilities	1,167	1,507
Other long-term liabilities	29	26
Non-current liabilities held-for-sale	—	3,136
Total liabilities	9,156	35,451
Commitments and contingencies (see Note 16)
Stockholders' equity:
Stockholders' equity:
Series B preferred stock, $0.001 par value: 5,000 shares authorized; 5,000 shares issued and outstanding as of December 31, 2024 and 2023, respectively	5	5
Common stock, $0.001 par value: 50,000 shares authorized; 25,974 and 24,902 shares issued and 23,431 and 23,247 shares outstanding as of December 31, 2024 and 2023, respectively	26	25
Additional paid-in capital	509,482	500,752
Treasury stock 2,543 and 1,655 shares as of December 31, 2024 and 2023, respectively	(16,490)	(12,969)
Accumulated deficit	(340,050)	(414,870)
Accumulated other comprehensive income	1,096	1,329
Total stockholders' equity	154,069	74,272
Total liabilities and stockholders' equity	$163,225	$109,723

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.