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Innventure to Participate in Upcoming Investor Conferences
GlobeNewswire· 2025-06-03 20:15
ORLANDO, Fla., June 03, 2025 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ: INV) (“Innventure”), a technology commercialization platform, today announced its participation at the following investor conferences: June 12, 2025 – Lucas Harper, Chief Investment Officer, and Roland Austrup, Chief Growth Officer, will present at Sidoti’s Virtual Small Cap Conference. The presentation will begin at approximately 3:15 p.m. ET and will be webcast live, which can be accessed via Innventure’s Investor Relations website ...
AeroFlexx Awarded New Patents in Sustainable Packaging Innovation
GlobeNewswire News Room· 2025-06-02 14:01
WEST CHESTER, Ohio, June 02, 2025 (GLOBE NEWSWIRE) -- AeroFlexx, a leader in sustainable packaging, has been awarded U.S. Patents 11,548,709 and 12,071,292. These patents present a flexible plastic package suitable for curbside recycling where all plastic bottles are accepted* that aligns with industry standards used to assess the compatibility of PE-based films and flexible packaging innovations. The AeroFlexx Pak is an improved flexible recyclable mono-material package capable of incorporating recycled co ...
AeroFlexx's Innovative Liquid Packaging Receives Critical Guidance Recognition from Association of Plastic Recyclers
GlobeNewswire News Room· 2025-05-29 13:15
WEST CHESTER, Ohio, May 29, 2025 (GLOBE NEWSWIRE) -- AeroFlexx, a leader in sustainable packaging, has received Critical Guidance Recognition for recyclability from the Association of Plastic Recyclers (APR) for its proprietary mono-material AeroFlexx Pak. APR's Critical Guidance Recognition is one of the most widely accepted benchmarks for evaluating plastic packaging and provides independent validation and credibility that the AeroFlexx Pak is designed for recyclability. Under the APR Design® Recognition ...
Accelsius Joins ARPA-E COOLERCHIPS Project to Advance Hybrid Cooling Technologies for the Data Center of the Future
GlobeNewswire· 2025-05-22 11:00
Group 1: Project Overview - Accelsius has been selected as a key contributor to the U.S. Department of Energy's ARPA-E COOLERCHIPS project, focusing on developing a next-generation hybrid cooling architecture for data centers [1][3] - The project aims to reduce total cooling energy consumption to less than 5% of a data center's IT load while maintaining reliability and enabling high-density computing [3] Group 2: Technology and Contributions - Accelsius will provide its proprietary MR250, a multi-rack, in-row, 250kW two-phase Coolant Distribution Unit (2P CDU), for system-level testing at the UT Arlington campus [2] - The MR250 is expected to be generally available by late 2025, enhancing the project's test infrastructure [2] Group 3: Collaboration and Impact - The collaboration between Accelsius and The University of Texas at Arlington is expected to advance the understanding and benchmarking of two-phase, direct-to-chip cooling technologies [3][4] - Industry leaders express excitement about the potential impact of this collaboration on U.S. leadership in next-generation data center efficiency [4] Group 4: Company Background - Accelsius, founded by Innventure, Inc. (NASDAQ:INV), specializes in advanced cooling solutions that help data center and edge operators achieve business, financial, and sustainability goals [5] - The company's NeuCool platform offers best-in-class thermal efficiencies through a safe, two-phase liquid cooling system scalable from single racks to entire data centers [5]
Innventure, Inc.(INV) - 2025 Q1 - Earnings Call Presentation
2025-05-16 00:07
First Quarter 2025 Earnings May 15, 2025 Disclaimer The material that follows is a presentation ("Presentation") of information about Innventure, Inc. and its subsidiaries (together referred to herein as "Innventure," the "Company," "us," "our," or "we") as of the date of this presentation. The Presentation does not purport to contain all information that may be required or desired by a party interested in investigating the Company, its business or prospects, and it shall not be deemed to be a complete desc ...
Innventure, Inc.(INV) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:02
Innventure (INV) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Lucas Harper - Chief Investment OfficerBill Haskell - CEO, Director & Board MemberDino Foderaro - Chief Revenue OfficerDave Yablunosky - CFO, Director & Board MemberNehal Chokshi - Managing Director Conference Call Participants Chip Moore - Managing Director & Senior Research Analyst Operator Hello, and welcome to InVenture First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a li ...
Innventure, Inc.(INV) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:00
Financial Data and Key Metrics Changes - The first quarter revenue was $200 million, primarily from management fees related to the InVentus ESG fund, aligning with expectations and previous communications about revenue growth being weighted towards the second half of the year [38] - General and administrative expenses were approximately $20 million, with significant components including non-cash equity-based compensation and professional service fees [39] - A non-cash goodwill adjustment of $233 million was recorded due to a decrease in the company's share price and market capitalization [40] - EBITDA for the quarter was a loss of approximately $248 million, with adjusted EBITDA reflecting a loss of $21.8 million [41] Business Line Data and Key Metrics Changes - Excelsius is positioned at the forefront of the two-phase direct-to-chip liquid cooling market, which is expected to grow significantly due to increasing data center budgets driven by AI and evolving chip technology [10][15] - The current liquid cooling market is estimated at $1.3 billion, growing at an annual rate of approximately 30%, projected to reach $5 billion by 2028 [14][15] Market Data and Key Metrics Changes - Worldwide data center spending was approximately $450 billion in 2024, expected to exceed $1 trillion by 2029, creating a favorable environment for critical infrastructure providers like Excelsius [10] - The overwhelming majority of data centers still use inefficient air-cooled solutions, with single-phase water cooling technologies representing only a small percentage of installations [10] Company Strategy and Development Direction - The company aims to build enterprises that can achieve a minimum of $1 billion in enterprise value, with Excelsius being a key focus due to its market potential [6] - Excelsius is developing relationships with hyperscalers, multinational OEMs, global resellers, and AI as a service providers to drive growth [21][29] - The company is focused on enhancing its manufacturing capacity and partnerships with global contract manufacturers to meet anticipated market demands [32][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that 2025 will represent an inflection point for revenue growth at Excelsius, driven by significant demand from large global players [37] - The company is optimistic about the future, citing a substantial increase in lead generation and engagement with potential customers since February [70][72] Other Important Information - The company has seen a notable increase in its strategic partner network, growing by nearly 200% since the start of 2025, indicating strong market interest [29] - The average proposal size has increased significantly, reflecting a shift towards full-scale production opportunities [30] Q&A Session Summary Question: What drove the white label agreement with the OEM? - The relationship was driven by overall market demand, not solely by hyperscaler engagement [47][49] Question: Will the potential inflection point be served largely through the white label agreement? - The company expects some volume from those agreements but emphasizes a broader pool of engaged customers [54][56] Question: Can you comment on the pros and cons of flow versus pool-based cooling? - Flow-based cooling offers more reliability and excess fluid availability compared to pool boiling, which can lead to operational issues [61][63] Question: Will NVIDIA mitigate hotspots in the next generation architecture? - The response was cautious due to non-disclosure agreements [65] Question: Can you discuss the increase in lead generation and fulfillment capabilities? - There has been a significant spike in activity since late February, with a paradigm shift in conversations towards deployment of two-phase cooling solutions [70][72]
Innventure, Inc.(INV) - 2025 Q1 - Quarterly Results
2025-05-15 20:17
Financial Performance - Revenue for the year ended December 31, 2023, was $1,117 million, a decrease from $1,117 million in the previous period[21] - The net loss attributable to Innventure, Inc. stockholders was $62,294 million for the year ended December 31, 2023, compared to a net loss of $16,436 million in the previous period[21] - The company reported a total comprehensive loss of $69,724 million for the year ended December 31, 2023, compared to a comprehensive loss of $28,136 million in the previous period[21] - The company reported a net loss of $70,633 thousand for the year ended December 31, 2024, compared to a net loss of $30,984 thousand for the previous year, indicating a significant increase in losses[32] - Basic and diluted loss per share for the year was $1.42, with a weighted average of 43,951,279 common shares outstanding[21] - The adjusted EBITDA for the year ended December 31, 2024 was $(11,670) thousand, compared to $(26,156) thousand for the predecessor year, showing an improvement in operational performance[32] Assets and Liabilities - Innventure reported total assets of $905.3 million as of December 31, 2024, compared to $21.6 million in the previous year[19] - Total current assets rose to $24.3 million from $5.7 million in 2023, reflecting significant growth[19] - Total liabilities increased to $139.5 million from $29.4 million in the previous year[19] - The accumulated deficit grew to $78.8 million as of December 31, 2024, compared to $64.3 million in 2023[19] - Innventure's total stockholders' equity reached $765.8 million, up from a deficit of $18.5 million in 2023[19] Cash Flow and Financing - Cash and cash equivalents increased to $11.1 million from $2.6 million year-over-year[19] - Cash flows used in operating activities totaled $29,214 thousand for the year ended December 31, 2024, compared to $19,476 thousand in the previous year, indicating higher cash outflows[30] - The company generated $33,466 thousand in cash flows from financing activities for the year ended December 31, 2024, compared to $19,174 thousand in the previous year, reflecting increased capital raising efforts[30] - The company had a net cash increase of $11,074 thousand for the year ended December 31, 2024, compared to a decrease of $4,969 thousand in the previous year, indicating improved liquidity[30] - Cash paid for interest was $991 thousand for the year ended December 31, 2024, compared to $297 thousand in the previous year, indicating higher borrowing costs[30] Operating Expenses - Total operating expenses increased to $40,753 million from $37,541 million, primarily driven by higher general and administrative expenses of $29,652 million compared to $26,608 million[21] - Research and development expenses were $5,340 million, slightly down from $5,978 million in the previous period[21] - The company experienced a significant increase in interest expense, netting $1,132 million compared to $1,300 million in the previous period[21] - The total non-operating expense was $33,078 million, a stark contrast to the non-operating income of $9,011 million in the previous period[21] Strategic Initiatives - The company launched its fourth operating company, Refinity, in December 2024, aimed at converting mixed plastic wastes to petrochemical feedstocks[1] - Accelsius and AeroFlexx began generating revenue, with expectations for growth in 2025[1] - The company plans to expand its market presence and invest in new product development, although specific figures were not disclosed during the call[21] - The company is exploring potential mergers and acquisitions to enhance its growth strategy moving forward[21] - The company emphasizes the importance of non-GAAP financial measures like Adjusted EBITDA for assessing operational performance[6] Tax and Financial Instruments - The company reported a provision for income taxes of $2,742 thousand for the year ended December 31, 2024, compared to no tax provision in the previous year, reflecting changes in tax obligations[32] - The company reported a change in fair value of financial liabilities of $20,946 thousand for the year ended December 31, 2024, compared to a loss of $766 thousand in the previous year, highlighting volatility in financial instruments[32] - Stock-based compensation expenses amounted to $16,338 thousand for the year ended December 31, 2024, up from $910 thousand in the previous year, reflecting increased employee incentives[32]
Innventure Reports First Quarter 2025 Results
GlobeNewswire· 2025-05-15 20:15
Accelsius continues to build momentum within the large and growing liquid cooling market Innventure reiterates confidence in achieving revenue growth inflection during the second half of 2025 ORLANDO, Fla., May 15, 2025 (GLOBE NEWSWIRE) -- Innventure, Inc. (NASDAQ: INV) (“Innventure”), a technology commercialization platform, today announced financial results for the quarter ended March 31, 2025. “Innventure’s operating companies continued their momentum to start 2025, with both Accelsius and AeroFlexx furt ...
Innventure, Inc.(INV) - 2025 Q1 - Quarterly Report
2025-05-15 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ___________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) ___________________________ Delaware 93-4440048 (I.R.S. Employer Identification No.) For the quarterly period ended March 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition pe ...