Identiv, Inc. INVE Income Statement

Identiv, inc. (INVE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Jun'10
Net revenue
18,120	18,970	23,026	22,237	19,522	21,298	20,022	20,294	16,528	-	15,432	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,663	18,889	17,501	-	23,175	-	-	-
Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,282	4,967	3,705	-	3,577	-	-	-
Net revenue
-	-	-	-	-	-	-	-	-	-	-	14,840	13,392	14,647	15,560	13,476	12,485	13,077	17,196	15,587	14,934	19,382	22,712	22,301	16,854	19,238	20,909	18,182	15,955	4,354	22,945	23,856	21,206	2,853	26,752	25,612	22,420	21,178
Products
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,761	11,309	10,446	-	13,078	-	-	-
Services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,464	2,947	2,022	-	1,844	-	-	-
Cost of revenue
10,620	11,429	12,500	12,354	10,818	11,111	11,538	12,141	10,020	11,636	9,571	9,157	7,695	8,401	8,640	8,207	7,191	10,179	9,675	8,941	8,850	11,330	12,840	13,371	10,252	10,607	10,945	10,134	9,202	409	13,225	14,256	12,468	-1,002	14,922	15,398	13,040	11,334
Gross profit
7,500	7,541	10,526	9,883	8,704	10,187	8,484	8,153	6,508	4,919	5,861	5,683	5,697	6,246	6,920	5,269	5,294	2,898	7,521	6,646	6,084	8,052	9,872	8,930	6,602	8,631	9,964	8,048	6,753	3,945	9,720	9,600	8,738	3,855	11,830	10,214	9,380	9,844
Operating expenses:
Research and development
2,596	2,387	2,125	2,078	2,026	1,851	1,860	1,837	1,687	1,561	1,597	1,511	1,477	1,523	1,480	1,432	2,085	2,584	2,235	2,340	1,992	1,856	1,813	1,731	1,502	1,071	1,643	1,870	1,693	71	2,019	2,384	2,491	1,082	2,286	1,379	1,158	1,062
Selling and marketing
4,497	4,449	4,470	4,721	4,498	4,215	3,915	4,358	3,903	3,310	3,448	3,315	3,379	3,225	3,312	3,279	4,216	4,538	5,236	5,467	4,995	4,791	5,078	5,731	5,035	4,919	4,527	4,764	4,697	146	5,440	6,530	7,008	861	6,198	6,225	5,009	4,962
General and administrative
2,191	1,953	2,591	2,279	2,622	2,872	2,641	2,756	2,555	2,122	1,247	2,085	1,787	1,635	2,115	2,982	4,577	4,547	6,456	5,536	3,065	3,156	3,685	2,867	3,043	3,136	3,845	3,281	3,887	343	4,603	4,410	5,524	2,133	5,984	5,744	5,256	5,405
Increase in fair value of earnout liability
-	-	175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Impairment of goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	988	-	-	-	-	-	-	10,935	-	-	-	4,979	21,450	-	-	-	-	-	-
Impairment of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178	-	-	-	870	23,915	-	-	-	-	-	-
Re-measurement of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,086	429	-	-	-	-	-
Restructuring and severance
65	115	-87	-2	-12	156	223	258	110	-	-49	-	-	-12	160	201	2,739	858	215	21	172	224	1,825	612	437	-	1,252	-	-	-	-	278	-	-	-	-	-	-
Restructuring and other charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73
Total operating expenses
9,349	9,279	9,274	9,076	9,134	9,094	8,639	9,209	8,255	6,993	6,243	6,911	6,643	6,371	7,067	7,894	13,617	20,310	14,142	14,352	10,224	13,537	12,401	10,941	10,017	14,281	22,380	9,915	10,277	-19,976	17,911	52,881	15,452	4,782	14,468	13,348	11,423	11,502
Loss from operations
-1,849	-1,738	1,252	807	-430	1,093	-155	-1,056	-1,747	-2,074	-382	-1,228	-946	-125	-147	-2,625	-8,323	-17,412	-6,621	-7,706	-4,140	-5,485	-2,529	-2,011	-3,415	-5,650	-12,416	-1,867	-3,524	23,921	-8,191	-43,281	-6,714	-927	-2,638	-3,134	-2,043	-1,658
Non-operating income (expense):
Interest expense, net
-252	-151	-246	-241	-279	-279	-291	-472	-476	-595	-643	-678	-674	-564	-525	-519	-770	-541	-478	-465	-424	-465	-564	-506	-2,084	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt, net
-	-	-	-	-	-	-	-1,369	-	-1,765	0	0	977	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Re-measurement of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-388	160	-	-
Other income (expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	-158	-	6	25	0	230	-
Interest expense, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-387	-624	-592	-54	-379	-353	-291	-134	-242	-272	-291	-215
Foreign currency gains (losses), net
86	-37	168	-70	-2	-150	200	192	-38	-156	-51	1	-152	-282	35	45	229	-1,025	-10	51	-227	-318	-700	-159	-93	249	284	355	-178	404	-29	-299	220	-56	-622	25	199	-248
Loss before income taxes
-2,015	-1,784	1,174	496	-711	664	-246	-2,705	-2,261	-4,590	-1,076	-1,905	-795	-971	-637	-3,099	-8,864	-18,978	-7,109	-8,120	-4,791	-6,268	-3,793	-2,676	-5,592	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations before income taxes and noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,967	-12,519	-2,136	-4,294	24,298	-8,576	-44,091	-6,785	-883	-3,865	-3,221	-1,905	-2,121
Income tax provision
32	37	105	80	104	34	41	40	40	-53	-42	-1	-118	97	105	-129	59	81	59	63	19	-54	94	-9	64	-209	363	7	-114	-340	15	-5,251	-179	44	54	-1,582	-22	-1,066
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,055
Income from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	2	57	487	3,557	-12,653	-963	-776	-	-	-	-	-	-	-	-	170
Net loss
-	-	1,069	416	-	630	-287	-2,745	-2,301	-4,537	-1,034	-1,904	-677	-1,068	-742	-2,970	-8,923	-	-7,168	-8,183	-	-6,239	-3,885	-2,610	-5,169	-2,201	-25,535	-3,106	-4,956	469	-8,591	-38,840	-6,606	-2,780	-3,919	-1,639	-1,883	-885
Loss before noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,810	-6,214	-3,887	-2,667	-5,656	-5,758	-12,882	-2,143	-4,180	-	-	-	-	-	-	-	-	-
Less: Income attributable to noncontrolling interest
-	-	-	-	-	0	0	0	5	-22	-2	0	10	-4	1	-7	2	-4	-6	1	-67	-36	-38	6	-41	775	-1,322	-211	-175	292	-678	-2,469	-377	-132	-233	-82	-21	-196
Net loss
-2,047	-1,821	1,069	416	-815	630	-287	-2,745	-2,306	-4,515	-1,032	-1,904	-687	-1,064	-743	-2,963	-8,925	-19,055	-7,162	-8,184	-4,743	-6,203	-3,847	-2,616	-5,128	-2,976	-24,213	-2,895	-4,781	177	-7,913	-36,371	-6,229	-2,648	-3,686	-1,557	-1,862	-689
Net loss per common share:
Basic
-0.13	-0.13	0.05	0.01	-0.06	0.00	-0.02	-0.18	-0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.13	-0.13	0.05	0.01	-0.06	0.00	-0.02	-0.18	-0.15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average shares used in computing net loss per common share:
Basic
-	-	17,006	16,953	-	-	15,750	15,584	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-	-	17,766	17,795	-	-	15,750	15,584	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.58	-0.46	-0.34	-0.74	-1.55	-1.69	-0.31	-0.07	-	-	-	-	-	-	-	-	-0.02
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.01	0.00	0.01	0.06	0.37	-1.84	-0.16	-0.01	-	-	-	-	-	-	-	-	0.00
Basic and diluted net loss per share attributable to Identiv, Inc.
-	-	-	-	-	-	-	-	-	-	-0.07	-0.15	-0.06	-0.08	-0.07	-0.27	-0.83	-1.77	-0.66	-0.75	-0.44	-0.59	-0.46	-0.33	-0.68	-1.18	-3.53	-0.47	-0.08	0.01	-0.13	-0.61	-0.11	-0.05	-0.06	-0.03	-0.04	-0.02
Weighted average common shares outstanding, basic and diluted
17,521	-	-	-	16,837	-	-	-	15,111	14,899	14,409	12,657	11,127	11,103	11,024	10,790	10,747	10,747	10,895	10,912	10,694	10,693	8,423	7,907	7,569	-46,778	6,852	6,225	60,233	60,174	60,033	59,686	58,599	-	57,579	52,001	-	-
Weighted average shares used to compute basic and diluted loss per share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,741	42,668