Core Insights - Innventure, Inc. had a significant year in 2024, marked by the commercial delivery of products for Accelsius and AeroFlexx, the completion of a business combination, and the launch of its fourth operating company, Refinity [2] Financial Performance - For the year ended December 31, 2024, Innventure reported a net loss of $70.633 million, compared to a net loss of $28.198 million for the predecessor period [18] - The company generated revenue of $456 thousand for the period from October 2, 2024, through December 31, 2024, down from $1.117 million in the previous year [18] - Total operating expenses for the same period were $40.753 million, an increase from $24.795 million in the prior year [18] Assets and Liabilities - As of December 31, 2024, total assets amounted to $905.289 million, a significant increase from $21.564 million in the previous year [16] - Current liabilities totaled $69.347 million, up from $8.168 million in the prior year [16] Non-GAAP Financial Measures - Innventure reported an Adjusted EBITDA of $(11.670) million for the period from October 2, 2024, through December 31, 2024, compared to $(26.156) million for the predecessor period [33] - The company defines Adjusted EBITDA as EBITDA further adjusted to exclude certain non-cash items and non-recurring expenses, providing additional insight into operational performance [7][10] Business Strategy - Innventure focuses on founding, funding, and operating companies that provide transformative, sustainable technology solutions, aiming for a target enterprise value of at least $1 billion [5] - The company aims to mitigate risks while building disruptive companies that can significantly change business operations and market dynamics [5]
Innventure Reports Fourth Quarter and Full Year 2024 Results