Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 62

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 62
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374 |     |                    -77,219 |     |                    -30,845 |     |              -46,374 |     | 150.3%     |

__________________ * not meaningful Revenue Revenue was $456 for the Successor period from October 2, 2024 through December 31, 2024 , $764 for Predecessor period from January 1, 2024 through October 1, 2024 and $1,117 for the Predecessor year ended

35

December 31, 2023 . Revenue for the combined twelve months ended December 31, 2024 was $1,220 , an increase of

$103 , or 9.2% , over the comparable period for the Predecessor year ended December 31, 2023 . The increase was

primarily due to new product sales within the Technology segment during the combined twelve months ended

December 31, 2024 . The increase was partially offset by non-recurring consulting revenue provided to certain third

parties for the Predecessor year ended December 31, 2023 .

Cost of sales

Cost of sales was $3,752 for the Successor period from October 2, 2024 through December 31, 2024 , $777 for

Predecessor period from January 1, 2024 through October 1, 2024 and nil for the Predecessor year ended

December 31, 2023 . Cost of sales for the combined twelve months ended December 31, 2024 was $4,529 , an

increase of $4,529 , over the comparable period for the Predecessor year ended December 31, 2023 . The increase

was due to the fact that the Technology segment was pre-revenue for the Predecessor year ended December 31, 2023

and started generating revenue from product sales during the combined twelve months ended December 31, 2024 .

Cost of sales relate to those costs incurred to generate the new product sale revenue as well as the amortization

expense of $2,065 associated with the recognition of intangibles of the Technology segment as part of the Business

Combination.

General and administrative

General and administrative expense was $29,652 for the Successor period from October 2, 2024 through

December 31, 2024 , $26,608 for Predecessor period from January 1, 2024 through October