Company: INV
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001628280-25-017614
Chunk: 149

Company: Innventure, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 8
Chunk 149
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564 

See accompanying notes to consolidated financial statements.

61

Table of ContentsInnventure, Inc. and SubsidiariesConsolidated Statements of Operations and Comprehensive Income (Loss)(in thousands, except share and per share amounts)

SuccessorPredecessorOctober 2, 2024 through December 31, 2024January 1, 2024 through October 1, 2024Year ended December 31, 2023Revenue$456 $764 $1,117 Operating ExpensesCost of sales3,752 777 — General and administrative29,652 26,608 17,589 Sales and marketing2,009 4,178 3,205 Research and development5,340 5,978 4,001 Total Operating Expenses 40,753 37,541 24,795 Loss from Operations (40,297)(36,777)(23,678)Non-operating (Expense) and IncomeInterest expense, net(1,132)(1,300)(1,224)Net gain (loss) from investments— 11,547 (6,448)Net (loss) gain on investments - due to related parties— (468)232 Change in fair value of financial liabilities(20,946)(478)766 Equity method investment (loss) income(902)893 (632)Loss on conversion of promissory notes— (1,119)— Write-off of loan commitment fee asset(10,041)— — Miscellaneous other expense(57)(64)— Total Non-operating (Expense) Income  (33,078)9,011 (7,306)Loss before Income Taxes(73,375)(27,766)(30,984)Income tax expense (benefit)(3,282)432 — Net Loss  (70,093)(28,198)(30,984)Less: net loss attributable toNon-redeemable non-controlling interest(8,339)(11,762)(139)Net Loss Attributable to Innventure, Inc. Stockholders / Innventure LLC Unitholders (61,754)(16,436)(30,845)Basic and diluted loss per share$(1.41)Basic and diluted weighted average common shares43,951,279 Other comprehensive income, net of taxes:Unrealized gain on available-for-sale debt securities - related party909 62 — Total