Financial Data and Key Metrics Changes - Innventure reported revenue of $0.5 million for Q3 2025, primarily from proof of concept sales at Accelsius, indicating early-stage revenue growth has taken longer than expected [15] - Total G&A expenses for the quarter were $16.9 million, down from $18.6 million in Q2 and $19.7 million in Q1, reflecting improved operational efficiency [15] - The net loss for the quarter was $34.7 million, with adjusted EBITDA showing a loss of $17.5 million [15] - Cash at the end of the quarter was $14.1 million, an increase of $3 million from the beginning of the year [15] Business Line Data and Key Metrics Changes - Accelsius's opportunity pipeline grew 79% quarter over quarter, exceeding $1 billion, with over 75% of the pipeline representing production opportunities for 2026 [4][5] - AeroFlexx achieved its fifth consecutive quarter of revenue recognition across multiple market categories, highlighting a strong customer pipeline in both the U.S. and EU [8][9] - Refinity is progressing towards commercializing its technology, with plans for a mid-scale demonstration in 2026 and larger commercial deployments thereafter [10][11] Market Data and Key Metrics Changes - Accelsius's bookings in Q3 surpassed all previous quarters combined, indicating a significant growth trend expected to continue into Q4 and beyond [5] - AeroFlexx received two prestigious awards in Q3, underscoring its leadership in sustainable packaging solutions [9] Company Strategy and Development Direction - The company is focused on building market-changing companies that deliver tangible value for shareholders, with a disciplined, data-driven model pairing transformative technologies with proven operators [12][13] - Accelsius's recent $25 million strategic investment from Johnson Controls is expected to enhance its growth capital and market position [6][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in Accelsius's ability to create long-term value, citing robust growth projections and a strong opportunity pipeline [6][12] - The company acknowledges that its share price does not currently reflect the underlying value created, but remains committed to executing its strategy and expanding its pipeline [13][16] Other Important Information - The company has deployed approximately $160 million into its operating companies, producing net assets valued at an estimated $860 million [12] - Accelsius has expanded its manufacturing footprint with a dedicated facility in Austin and installed demonstration sites in various locations [5][6] Q&A Session Summary Question: Can you elaborate on the $1 billion opportunity pipeline for Accelsius? - The pipeline is significantly spread out with several hundred leads, and while large orders from hyperscalers are possible, the majority are smaller opportunities [18][19] Question: What is the expected conversion rate for the pipeline over the next 12 to 18 months? - Management indicated that the pipeline metrics are well calibrated, and while they cannot provide specific percentages, they are confident that a meaningful fraction will translate into revenue [29][32] Question: What investments or supply chain builds are required for Accelsius to support large-scale developments starting in 2026? - Accelsius has designed its supply chain thoughtfully, primarily using North American suppliers and dual-sourcing components to avoid supply chain challenges [28] Question: Are there any integration or regulatory milestones before transitioning pipeline orders into firm orders? - There are no significant technical or regulatory hurdles, and the company is well-positioned to deliver as customer needs arise [33]

Financial Performance - Revenue for the three months ended September 30, 2025 was $0.53 million, compared to $0.32 million for the same period in 2024[42] - Adjusted EBITDA for the three months ended September 30, 2025 was $(17.5) million, compared to $(3.0) million for the same period in 2024[42] - Net loss for the three months ended September 30, 2025 was $(34.735) million, compared to $(7.641) million for the same period in 2024[48] - Net loss for the nine months ended September 30, 2025 was $(429.684) million, compared to $(26.481) million for the same period in 2024[48] - Adjusted EBITDA for the nine months ended September 30, 2025 was $(55.466) million, compared to $(12.968) million for the same period in 2024[48] Business Highlights - Accelsius secured a $25 million strategic investment from Johnson Controls on October 2, 2025[27,44] - The opportunity pipeline grew by 79% quarter-over-quarter, exceeding $1 billion[27,44] - Over 80% of the pipeline represents production opportunities for Shift to Production 2026[27] - Q3 commercial bookings for Accelsius surpassed all previous bookings combined[44]

Core Insights - ĕleeo brands is launching Boogie Bubbling Vapor Bath in a new sustainable packaging called AeroFlexx Pak, aimed at enhancing convenience for parents while being eco-friendly [1][3] - The AeroFlexx Pak features a self-closing top and a one-way self-sealing valve, designed to prevent spills and allow for easy one-handed dispensing [2] - The new packaging uses significantly less plastic compared to traditional bottles, contributing to a positive environmental impact [3] Company Overview - ĕleeo brands is a collection of family-focused health and household brands, including Boogie, Dapple, and Earth Mama, sold in major retailers like Target, Walmart, and Amazon [6] - The company is based in Cincinnati, Ohio, and is a certified B-Corp, emphasizing hiring individuals with barriers to employment [6] Industry Context - AeroFlexx specializes in sustainable liquid packaging solutions, combining flexible and rigid packaging attributes to enhance consumer experience and brand value [7] - The partnership between ĕleeo and AeroFlexx aims to simplify bath time for parents while promoting sustainability in the baby care industry [5]