Innventure Inc

NASDAQ:INVUnited States

Nov 14, 2024

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• -- Earnings Flash (INV) INNVENTURE Posts Q3 Revenue $317,000, from 7:13AM ET on Thursday Nov 14, 2024 by MT Newswires

  7:13AM ET on Thursday Nov 14, 2024 by MT Newswires
  Companies Mentioned: INV
  07:13 AM EST, 11/14/2024 (MT Newswires) -- ...

• Innventure Reports Third Quarter 2024 Results, from 7:00AM ET on Thursday Nov 14, 2024 by Dow Jones

  7:00AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: INV
  investments (11,547) 2,718 Equity method investment loss (gain) (893) 291 Loss on conversion of promissory notes 1,119 -- Depreciation expense 146 -- Non-cash rent costs 186 133 Amortization of debt issuance costs - related party -- -- Other, net -- 27 Changes in operating assets and liabilities: Prepaid expenses and other current assets (1,605) (930) Inventory (2,824) -- Accounts payable 4,863 (32) Accrued employee benefits 3,838 2,111 Accrued expenses 674 113 Other current liabilities (147) (89) Liability for future preferred stock issuance 10,870 -- Other assets (20) (202) ------------- ------------ Net Cash Used in Operating Activities (18,647) (12,136) ------------- ------------ Cash Flows Used in Investing Activities Purchase of shares in equity method investees -- (2,000) Contributions to equity method investees -- (130) Investment in debt securities - related party (7,400) -- Acquisition of property, plant and equipment (736) (173) Proceeds received related to PCT stock sale 2,314 708 ------------- ------------ Net Cash Used in Investing Activities (5,822) (1,595) ------------- ------------ Cash Flows Provided by Financing Activities Proceeds from issuance of capital, net of issuance costs 13,122 8,249 Proceeds from the issuance of units to NCI 13,859 205 Proceeds from convertible notes payable -- 2,000 Payment of debts (790) (19) Receipt of Capital from Class I Unitholder -- 130 Tax advance distribution to Members -- (243) Proceeds of related party notes payable 12,000 3 ------------- ------------ Net Cash Provided by Financing Activities 38,191 10,325 ------------- ------------ Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash 13,722 (3,406) ------------- ------------ Cash, Cash Equivalents and Restricted Cash Beginning of period 2,575 7,544 ------------- ------------ Cash, Cash Equivalents and Restricted Cash End of period $ 16,297 $ 4,138 ------------- ------------ Innventure LLC and Subsidiaries Condensed Consolidated Statements of Cash Flows (continued) (in thousands) (Unaudited) Nine months ended September 30, 2024 2023 --- --------------- ----------- Supplemental Cash Flow Information Cash paid for interest $ 1,070 $ 220 Supplemental Disclosure of Noncash Financing Information Accretion of redeemable units to redemption value $ 11,950 $ 2,237 Debt discount and embedded derivative upon issuance $ -- $ 1,119 Issuance of Class Preferred B Units to extinguish convertible notes payable $ 396 $ 100 Issuance of Class B Preferred Units in exchange for Innventus ESG Fund Equity $ 183 $ -- Issuance of NCI in exchange for interest in Innventus ESG Fund $ 146 $ -- Commissions payable on issuance of Class B Preferred Units $ 163 $ -- Commissions payable on issuance of NCI $ 83 $ -- Issuance of Class B Preferred Units to extinguish consulting fees payable $ 24 $ -- Issuance of units to NCI in exchange of convertible promissory notes $ 7,324 $ -- Conversion of working capital loans to equity method investees into investments in debt securities - related party $ 2,600 $ -- Unrealized loss on investments in debt Securities - related party through OCI $ 2,373 $ -- Recognition of right of use asset and corresponding lease liability $ -- $ 731
  

• Press Release: Innventure Reports Third Quarter 2024 Results, from 7:00AM ET on Thursday Nov 14, 2024 by Dow Jones

  7:00AM ET on Thursday Nov 14, 2024 by Dow Jones
  Companies Mentioned: INV