$CTV
Innovid Corp.

2024 Q3 Form 10-Q Financial Statement

#000183537824000090 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $38.25M $37.95M
YoY Change 5.58% 9.86%
Cost Of Revenue $8.917M $9.097M
YoY Change 5.78% 5.89%
Gross Profit $29.33M $28.85M
YoY Change 5.48% 11.17%
Gross Profit Margin 76.69% 76.03%
Selling, General & Admin $20.92M $21.51M
YoY Change -0.05% 5.53%
% of Gross Profit 71.32% 74.55%
Research & Development $7.021M $7.304M
YoY Change 8.18% 6.22%
% of Gross Profit 23.93% 25.31%
Depreciation & Amortization $2.836M $2.831M
YoY Change -39.92% 37.16%
% of Gross Profit 9.67% 9.81%
Operating Expenses $27.94M $28.82M
YoY Change -13.04% 5.71%
Operating Profit -$1.443M -$2.793M
YoY Change -66.6% -84.37%
Interest Expense $285.0K $78.00K
YoY Change -1.72% -68.55%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.158M -$2.715M
YoY Change -71.27% -84.59%
Income Tax -$5.800M $7.800M
% Of Pretax Income
Net Earnings $4.665M -$10.54M
YoY Change -270.88% -44.4%
Net Earnings / Revenue 12.2% -27.78%
Basic Earnings Per Share $0.03 -$0.07
Diluted Earnings Per Share $0.03 -$0.07
COMMON SHARES
Basic Shares Outstanding 146.4M shares 144.4M shares
Diluted Shares Outstanding 152.5M shares 144.8M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.56M $30.58M
YoY Change -27.54% -29.51%
Cash & Equivalents $34.56M $30.58M
Short-Term Investments
Other Short-Term Assets $4.475M $5.375M
YoY Change 14.74% 30.37%
Inventory
Prepaid Expenses
Receivables $44.37M $45.76M
Other Receivables $0.00 $0.00
Total Short-Term Assets $83.40M $81.72M
YoY Change -12.3% -9.95%
LONG-TERM ASSETS
Property, Plant & Equipment $21.01M $20.45M
YoY Change 6.63% 7.86%
Goodwill $102.5M $102.5M
YoY Change 0.0%
Intangibles $21.31M $22.31M
YoY Change -19.34%
Long-Term Investments
YoY Change
Other Assets $903.0K $799.0K
YoY Change -24.75% -4.2%
Total Long-Term Assets $157.0M $157.5M
YoY Change 4.6% 3.22%
TOTAL ASSETS
Total Short-Term Assets $83.40M $81.72M
Total Long-Term Assets $157.0M $157.5M
Total Assets $240.4M $239.2M
YoY Change -1.95% -1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.793M $6.548M
YoY Change 14.94% 48.11%
Accrued Expenses $9.397M $11.85M
YoY Change -48.93% 128.13%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $23.72M $29.06M
YoY Change 8.8% 30.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0% -100.0%
Other Long-Term Liabilities $6.927M $10.54M
YoY Change -34.03% 11.36%
Total Long-Term Liabilities $6.927M $10.54M
YoY Change -77.29% -66.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $23.72M $29.06M
Total Long-Term Liabilities $6.927M $10.54M
Total Liabilities $30.65M $39.60M
YoY Change -41.41% -26.34%
SHAREHOLDERS EQUITY
Retained Earnings -$194.9M -$199.6M
YoY Change 11.86%
Common Stock $15.00K $14.00K
YoY Change 7.69%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $199.5M $188.9M
YoY Change
Total Liabilities & Shareholders Equity $240.4M $239.2M
YoY Change -1.95% -1.69%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $4.665M -$10.54M
YoY Change -270.88% -44.4%
Depreciation, Depletion And Amortization $2.836M $2.831M
YoY Change -39.92% 37.16%
Cash From Operating Activities $6.029M $1.234M
YoY Change -7.1% 112.76%
INVESTING ACTIVITIES
Capital Expenditures $2.214M $2.326M
YoY Change -8.13% -10.54%
Acquisitions
YoY Change
Other Investing Activities $0.00 $218.0K
YoY Change -100.0% 990.0%
Cash From Investing Activities -$2.214M -$2.108M
YoY Change -6.19% -18.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 232.0K 37.00K
YoY Change 45.0% -89.84%
NET CHANGE
Cash From Operating Activities 6.029M 1.234M
Cash From Investing Activities -2.214M -2.108M
Cash From Financing Activities 232.0K 37.00K
Net Change In Cash 4.047M -837.0K
YoY Change -5.66% -48.84%
FREE CASH FLOW
Cash From Operating Activities $6.029M $1.234M
Capital Expenditures $2.214M $2.326M
Free Cash Flow $3.815M -$1.092M
YoY Change -6.5% -45.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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Files In Submission

Name View Source Status
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report.css Edgar Link pending
Show.js Edgar Link pending
ctv-20240630_cal.xml Edgar Link unprocessable
ctv-20240630_lab.xml Edgar Link unprocessable