Innovid Corp. - Understand $ctv stock

$CTV Market Cap: $451.6 Million

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Financial Snapshot

Revenue

$151.6M

TTM

Gross Margin

76.72%

TTM

Net Earnings

-$13.77M

TTM

Current Assets

$83.40M

Q3 2024

Current Liabilities

$23.72M

Q3 2024

Current Ratio

351.65%

Q3 2024

Total Assets

$240.4M

Q3 2024

Total Liabilities

$30.65M

Q3 2024

Book Value

$209.8M

Q3 2024

Cash

$34.56M

Q3 2024

P/E

-32.80

Nov 29, 2024 EST

Free Cash Flow

$9.982M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$139.9M	$127.1M	$90.29M	$68.80M	$56.34M
YoY Change	10.04%	40.79%	31.24%	22.12%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$139.9M	$127.1M	$90.29M	$68.80M	$56.34M
Cost Of Revenue	$33.81M	$30.19M	$17.79M	$12.37M	$10.58M
Gross Profit	$106.1M	$96.93M	$72.51M	$56.44M	$45.76M
Gross Profit Margin	75.83%	76.25%	80.3%	82.03%	81.22%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$84.66M	$89.41M	$53.74M	$37.03M	$37.03M
YoY Change	-5.32%	66.39%	45.11%	-0.01%
% of Gross Profit	79.81%	92.24%	74.11%	65.62%	80.94%
Research & Development	$26.88M	$31.12M	$24.62M	$18.28M	$14.77M
YoY Change	-13.63%	26.4%	34.66%	23.82%
% of Gross Profit	25.34%	32.1%	33.95%	32.4%	32.27%
Depreciation & Amortization	$13.00M	$6.143M	$661.0K	$730.0K	$431.0K
YoY Change	111.56%	829.35%	-9.45%	69.37%
% of Gross Profit	12.25%	6.34%	0.91%	1.29%	0.94%
Operating Expenses	$111.5M	$120.5M	$78.36M	$55.31M	$51.80M
YoY Change	-7.46%	53.82%	41.65%	6.78%
Operating Profit	-$32.96M	-$29.74M	-$5.849M	$1.122M	-$6.045M
YoY Change	10.81%	408.48%	-621.3%	-118.56%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$3.420M	$13.35M	-$4.386M	-$734.0K	-$387.0K
YoY Change	-74.38%	-404.33%	497.55%	89.66%
% of Operating Profit				-65.42%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	-$29.54M	-$16.39M	-$10.24M	$388.0K	-$6.432M
YoY Change	80.18%	60.17%	-2737.89%	-106.03%
Income Tax	$2.374M	$2.017M	$1.237M	$1.200M	$902.0K
% Of Pretax Income				309.28%
Net Earnings	-$31.91M	-$18.41M	-$11.47M	-$812.0K	-$7.334M
YoY Change	73.34%	60.48%	1312.81%	-88.93%
Net Earnings / Revenue	-22.81%	-14.48%	-12.71%	-1.18%	-13.02%
Basic Earnings Per Share	-$0.23	-$0.14	-$3.31	-$0.51	-$0.59
Diluted Earnings Per Share	-$0.23	-$0.14	-$3.31	-$0.51	-$0.59

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$49.75M	$47.54M	$156.7M	$15.65M	$11.64M
YoY Change	4.65%	-69.66%	901.57%	34.4%
Cash & Equivalents	$49.75M	$47.54M	$156.7M	$15.65M	$11.64M
Short-Term Investments
Other Short-Term Assets	$5.450M	$2.640M	$3.131M	$1.174M	$1.582M
YoY Change	106.44%	-15.68%	166.7%	-25.79%
Inventory
Prepaid Expenses
Receivables	$46.42M	$43.65M	$35.42M	$34.80M	$26.43M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$101.6M	$93.83M	$195.2M	$51.62M	$39.66M
YoY Change	8.3%	-51.94%	278.22%	30.18%
Property, Plant & Equipment	$19.85M	$17.23M	$4.840M	$2.325M	$1.901M
YoY Change	15.22%	256.03%	108.17%	22.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$264.0K	$277.0K	$310.0K	$348.0K	$333.0K
YoY Change	-4.69%	-10.65%	-10.92%	4.5%
Other Assets	$1.426M	$1.368M	$578.0K	$574.0K	$502.0K
YoY Change	4.24%	136.68%	0.7%	14.34%
Total Long-Term Assets	$148.3M	$165.8M	$10.28M	$7.835M	$7.523M
YoY Change	-10.52%	1512.09%	31.24%	4.15%
Total Assets	$250.0M	$259.6M	$205.5M	$59.46M	$47.18M
YoY Change
Accounts Payable	$2.810M	$3.361M	$5.026M	$1.854M	$2.399M
YoY Change	-16.39%	-33.13%	171.09%	-22.72%
Accrued Expenses	$22.63M	$17.65M	$10.79M	$7.584M	$6.080M
YoY Change	28.22%	63.59%	42.23%	24.74%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$0.00	$6.000M	$1.527M	$0.00
YoY Change		-100.0%	292.93%
Total Short-Term Liabilities	$25.50M	$21.19M	$21.85M	$11.04M	$8.638M
YoY Change	20.34%	-3.04%	97.88%	27.83%
Long-Term Debt	$20.00M	$20.00M	$0.00	$7.506M	$0.00
YoY Change	0.0%		-100.0%
Other Long-Term Liabilities	$8.469M	$12.00M	$22.43M	$3.643M	$1.627M
YoY Change	-29.44%	-46.48%	515.62%	123.91%
Total Long-Term Liabilities	$28.47M	$32.00M	$22.43M	$11.15M	$1.627M
YoY Change	-11.04%	42.69%	101.16%	585.25%
Total Liabilities	$53.97M	$53.68M	$44.28M	$22.19M	$10.27M
YoY Change	0.54%	21.23%	99.53%	116.18%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	138.6M shares	130.8M shares	26.75M shares	16.03M shares	15.89M shares
Diluted Shares Outstanding	138.6M shares	130.8M shares	26.75M shares	16.03M shares	15.89M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $451.63 Million

About Innovid Corp.

Innovid Corp. engages in the operation of a software platform of technology infrastructure for the creation, delivery, and measurement of TV/video ads across CTV, linear TV, and mobile and desktop TV environments. The company is headquartered in New York City, New York and currently employs 466 full-time employees. The company went IPO on 2021-04-05. The Company’s cloud-based enterprise technology platform is purpose-built for CTV, with a comprehensive view of the full advertising ecosystem, including linear TV, mobile, and desktop channels. Its integrated platform consists of three core solutions: Ad Serving, Creative Personalization, and Measurement Solutions. Its open platforms enable its clients to seamlessly activate partners such as DoubleVerify, Integral Ad Science, Oracle Data Cloud, among many others. Its Measurement Solution, Innovid XP, is designed to provide holistic and granular household-level analysis for the TV and digital ecosystem. The company counts many of the brand advertisers as customers, including Anheuser-Busch InBev, CVS Pharmacy, Kellogg’s, Mercedes-Benz, Target, Sanofi, and more.

Industry: Services-Prepackaged Software Peers: AdTheorent Holding Company, Inc. Advantage Solutions Inc. BOSTON OMAHA Corp Cardlytics, Inc. Clear Channel Outdoor Holdings, Inc. COMSCORE, INC. Thryv Holdings, Inc. Digital Media Solutions, Inc. Emerald Holding, Inc. OMNICOM GROUP INC.