INVE Technologies, Inc.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
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FY2024 · Filed Mar 17, 2025
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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Consolidated Statements of Comprehensive Income (Loss)
(In thousands, except per share data)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Net revenue | $26,628 | $43,445 |
| Cost of revenue | 26,288 | 37,435 |
| Gross profit | 340 | 6,010 |
| Operating expenses: | ||
| Research and development | 3,887 | 4,399 |
| Selling and marketing | 5,727 | 5,627 |
| General and administrative | 18,147 | 9,332 |
| Restructuring and severance | 540 | 157 |
| Total operating expenses | 28,301 | 19,515 |
| Loss from continuing operations | (27,961) | (13,505) |
| Non-operating income (expense): | ||
| Interest income (expense), net | 1,352 | (427) |
| Gain on investment | — | 132 |
| Foreign currency gains (losses), net | 788 | (10) |
| Loss from continuing operations before income tax provision | (25,821) | (13,810) |
| Income tax provision | (90) | (65) |
| Net loss from continuing operations | (25,911) | (13,875) |
| Income (loss) from discontinued operations, net of tax: | ||
| Income (loss) from Physical Security Business, net of tax | (2,778) | 8,386 |
| Gain on sale of Physical Security Business, net of tax | 103,509 | — |
| Total income (loss) from discontinued operations, net of tax | 100,731 | 8,386 |
| Net income (loss) | $74,820 | $(5,489) |
| Other comprehensive income (loss): | ||
| Foreign currency translation adjustment, net of tax | (233) | 228 |
| Comprehensive income (loss) | $74,587 | $(5,261) |
| Net income (loss) per common share: | ||
| Basic and diluted - continuing operations | $(1.14) | $(0.66) |
| Basic and diluted - discontinued operations | $4.27 | $0.36 |
| Basic and diluted - net income (loss) | $3.14 | $(0.29) |
| Weighted average shares outstanding: | ||
| Basic and diluted | 23,581 | 23,068 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.