Company: INV
Filing Date: 2025-05-09
Form Type: ARS
Source: 0001628280-25-024065
Chunk: 69

Company: Innventure, Inc.
Filing Date: 2025-05-09
Form: ARS
Chunk 69
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Successor Predecessor S/P Combined (Non-GAAP) Predecessor Non-GAAP Period from October 2, 2024 through December 31, 2024 Period from January 1, 2024 through October 1, 2024 Year ended December 31, 2024 Year ended December 31, 2023 2024 vs 2023 Changes ($) ($) ($) ($) ($) (%) Revenue 456 764 1,220 1,117 103 9.2 % Operating Expenses Cost of sales ....................................................... 3,752 777 4,529 — 4,529 nil General and administrative ................................ 29,652 26,608 56,260 17,589 38,671 219.9 % Sales and marketing ........................................... 2,009 4,178 6,187 3,205 2,982 93.0 % Research and development ................................ 5,340 5,978 11,318 4,001 7,317 182.9 % Total Operating Expenses 40,753 37,541 78,294 24,795 53,499 215.8 % Loss from Operations (40,297) (36,777) (77,074) (23,678) (53,396) 225.5 % Non-operating (Expense) and Income Interest expense, net ........................................... (1,132) (1,300) (2,432) (1,224) (1,208) 98.7 % Net gain (loss) from investments ....................... — 11,547 11,547 (6,448) 17,995 279.1 % Net (loss) gain on investments - due to related parties ................................................................. — (468) (468) 232 (700) (301.7) % Change in fair value of financial liabilities ........ (20,946) (478) (21,424) 766 (22,190) (2,896.9) % Equity method investment (loss) income ........... (902) 893 (9) (632) 623 (98.6) % Loss on conversion of promissory notes ............ — (1,119) (1,119) — (1,119) nil Write-off of loan commitment fee asset ............ (10,041) — (10,041) — (10,041) nil Miscellaneous other expense