INVE Technologies, Inc.
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 2025
INVE$2.65+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(Unaudited, in thousands, except par value)
| March 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $132,382 | $135,646 |
| Restricted cash | 300 | 300 |
| Accounts receivable, net of allowances of $624 and $655 as of March 31, 2025 and December 31, 2024, respectively | 3,622 | 4,214 |
| Inventories | 7,760 | 7,475 |
| Prepaid expenses and other current assets | 4,643 | 5,210 |
| Total current assets | 148,707 | 152,845 |
| Property and equipment, net | 7,589 | 7,694 |
| Operating lease right-of-use assets | 1,599 | 2,000 |
| Other assets | 840 | 686 |
| Total assets | $158,735 | $163,225 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,701 | $2,746 |
| Operating lease liabilities | 861 | 852 |
| Accrued compensation and related benefits | 695 | 862 |
| Accrued income taxes payable | 1,146 | 1,173 |
| Other accrued expenses and liabilities | 1,847 | 2,327 |
| Total current liabilities | 7,250 | 7,960 |
| Long-term operating lease liabilities | 957 | 1,167 |
| Other long-term liabilities | 29 | 29 |
| Total liabilities | 8,236 | 9,156 |
| Commitments and contingencies (see Note 14) | ||
| Stockholders' equity: | ||
| Series B convertible preferred stock, $0.001 par value: 5,000 shares authorized; 5,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024 | 5 | 5 |
| Common stock, $0.001 par value: 50,000 shares authorized; 26,111 and 25,974 shares issued and 23,521 and 23,431 shares outstanding as of March 31, 2025 and December 31, 2024, respectively | 26 | 26 |
| Additional paid-in capital | 510,278 | 509,482 |
| Treasury stock, 2,591 and 2,543 shares as of March 31, 2025 and December 31, 2024, respectively | (16,659) | (16,490) |
| Accumulated deficit | (344,839) | (340,050) |
| Accumulated other comprehensive income | 1,688 | 1,096 |
| Total stockholders' equity | 150,499 | 154,069 |
| Total liabilities and stockholders' equity | $158,735 | $163,225 |
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