INVE Technologies, Inc.

For the period ended Mar 31, 2025. Filed May 9, 2025.

About 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.

Mar 31, 2025 · Filed May 9, 2025

INVE$2.66+0.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Comprehensive Loss

(Unaudited, in thousands, except per share data)

	Three Months Ended March 31,
	2025	2024
Net revenue	$5,269	$6,658
Cost of revenue	5,137	6,175
Gross profit	132	483
Operating expenses:
Research and development	787	897
Selling and marketing	1,407	1,169
General and administrative	3,146	3,480
Restructuring and severance	260	—
Total operating expenses	5,600	5,546
Loss from continuing operations	(5,468)	(5,063)
Non-operating income (expense):
Interest income (expense), net	1,212	(87)
Foreign currency losses, net	(530)	(226)
Loss from continuing operations before income tax provision	(4,786)	(5,376)
Income tax provision	(3)	(6)
Net loss from continuing operations	(4,789)	(5,382)
Income from discontinued operations, net of tax	—	824
Net loss	$(4,789)	$(4,558)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	592	(290)
Comprehensive loss	$(4,197)	$(4,848)
Net income (loss) per common share:
Basic and diluted - continuing operations	$(0.21)	$(0.24)
Basic and diluted - discontinued operations	$—	$0.04
Basic and diluted - net loss	$(0.21)	$(0.21)
Weighted average common shares outstanding:
Basic and diluted	23,599	23,368

ContentsView on SEC.gov

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