2024 Q4 Form 10-Q Financial Statement
#000183537824000129 Filed on November 12, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
Revenue | $38.25M | $36.23M | |
YoY Change | 5.58% | 5.11% | |
Cost Of Revenue | $8.917M | $8.430M | |
YoY Change | 5.78% | -1.22% | |
Gross Profit | $29.33M | $27.81M | |
YoY Change | 5.48% | 7.23% | |
Gross Profit Margin | 76.69% | 76.76% | |
Selling, General & Admin | $20.92M | $20.93M | |
YoY Change | -0.05% | -8.09% | |
% of Gross Profit | 71.32% | 75.26% | |
Research & Development | $7.021M | $6.490M | |
YoY Change | 8.18% | -11.24% | |
% of Gross Profit | 23.93% | 23.34% | |
Depreciation & Amortization | $2.836M | $4.720M | |
YoY Change | -39.92% | 150.8% | |
% of Gross Profit | 9.67% | 16.97% | |
Operating Expenses | $27.94M | $32.13M | |
YoY Change | -13.04% | 6.8% | |
Operating Profit | -$1.443M | -$4.320M | |
YoY Change | -66.6% | -28.37% | |
Interest Expense | $285.0K | $290.0K | |
YoY Change | -1.72% | -105.84% | |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$1.158M | -$4.030M | |
YoY Change | -71.27% | -63.34% | |
Income Tax | -$5.800M | -$1.300M | |
% Of Pretax Income | |||
Net Earnings | $4.665M | -$2.730M | |
YoY Change | -270.88% | -76.93% | |
Net Earnings / Revenue | 12.2% | -7.54% | |
Basic Earnings Per Share | $0.03 | -$0.02 | |
Diluted Earnings Per Share | $0.03 | -$0.02 | |
COMMON SHARES | |||
Basic Shares Outstanding | 148.5M shares | 146.4M shares | 139.3M shares |
Diluted Shares Outstanding | 152.5M shares | 139.6M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $34.56M | $47.70M | |
YoY Change | -27.54% | 2.56% | |
Cash & Equivalents | $34.56M | $47.70M | |
Short-Term Investments | |||
Other Short-Term Assets | $4.475M | $3.900M | |
YoY Change | 14.74% | 2.31% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $44.37M | $43.60M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $83.40M | $95.10M | |
YoY Change | -12.3% | 5.03% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $21.01M | $19.70M | |
YoY Change | 6.63% | 68.1% | |
Goodwill | $102.5M | ||
YoY Change | |||
Intangibles | $21.31M | ||
YoY Change | |||
Long-Term Investments | $300.0K | ||
YoY Change | -3.23% | ||
Other Assets | $903.0K | $1.200M | |
YoY Change | -24.75% | 50.94% | |
Total Long-Term Assets | $157.0M | $150.1M | |
YoY Change | 4.6% | -9.21% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $83.40M | $95.10M | |
Total Long-Term Assets | $157.0M | $150.1M | |
Total Assets | $240.4M | $245.2M | |
YoY Change | -1.95% | -4.17% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.793M | $3.300M | |
YoY Change | 14.94% | 11.86% | |
Accrued Expenses | $9.397M | $18.40M | |
YoY Change | -48.93% | 179.93% | |
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 | $21.80M | |
YoY Change | 8.8% | -1.4% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $20.00M | |
YoY Change | -100.0% | 33.33% | |
Other Long-Term Liabilities | $6.927M | $10.50M | |
YoY Change | -34.03% | 167.99% | |
Total Long-Term Liabilities | $6.927M | $30.50M | |
YoY Change | -77.29% | 5.95% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $23.72M | $21.80M | |
Total Long-Term Liabilities | $6.927M | $30.50M | |
Total Liabilities | $30.65M | $52.30M | |
YoY Change | -41.41% | 2.76% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$194.9M | ||
YoY Change | |||
Common Stock | $15.00K | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $199.5M | $192.9M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $240.4M | $245.2M | |
YoY Change | -1.95% | -4.17% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2023 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $4.665M | -$2.730M | |
YoY Change | -270.88% | -76.93% | |
Depreciation, Depletion And Amortization | $2.836M | $4.720M | |
YoY Change | -39.92% | 150.8% | |
Cash From Operating Activities | $6.029M | $6.490M | |
YoY Change | -7.1% | 11.65% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $2.214M | $2.410M | |
YoY Change | -8.13% | -168.47% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $50.00K | |
YoY Change | -100.0% | 733.33% | |
Cash From Investing Activities | -$2.214M | -$2.360M | |
YoY Change | -6.19% | -32.84% | |
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 | 160.0K | |
YoY Change | 45.0% | -11.6% | |
NET CHANGE | |||
Cash From Operating Activities | 6.029M | 6.490M | |
Cash From Investing Activities | -2.214M | -2.360M | |
Cash From Financing Activities | 232.0K | 160.0K | |
Net Change In Cash | 4.047M | 4.290M | |
YoY Change | -5.66% | 72.98% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $6.029M | $6.490M | |
Capital Expenditures | $2.214M | $2.410M | |
Free Cash Flow | $3.815M | $4.080M | |
YoY Change | -6.5% | -56.28% |
Facts In Submission
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CY2024Q3 | ctv |
Revenue Recognition Creative Serving Percentage
RevenueRecognitionCreativeServingPercentage
|
0.030 | |
ctv |
Revenue Recognition Advertisement Serving Services Percentage
RevenueRecognitionAdvertisementServingServicesPercentage
|
0.752 | ||
ctv |
Revenue Recognition Measurement Serving Percentage
RevenueRecognitionMeasurementServingPercentage
|
0.218 | ||
ctv |
Revenue Recognition Creative Serving Percentage
RevenueRecognitionCreativeServingPercentage
|
0.030 | ||
CY2023Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
458000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
933000 | usd | |
CY2024Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
283000 | usd |
CY2023Q3 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
205000 | usd |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
911000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
142000 | usd | |
CY2024Q3 | us-gaap |
Lease Cost
LeaseCost
|
559000 | usd |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
694000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
1986000 | usd | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
968000 | usd | |
CY2023Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
400000 | usd |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1100000 | usd | |
us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
1000000.0 | usd | |
CY2024Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
5.028 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
5200000 | usd | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.747 | ||
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
38251000 | usd |
CY2023Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
36234000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
112940000 | usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
CY2024Q3 | us-gaap |
Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
|
http://www.innovid.com/20240930#WarrantLiabilityNoncurrent | |
CY2023Q4 | us-gaap |
Derivative Liability Statement Of Financial Position Extensible Enumeration
DerivativeLiabilityStatementOfFinancialPositionExtensibleEnumeration
|
http://www.innovid.com/20240930#WarrantLiabilityNoncurrent | |
CY2024Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | usd |
CY2024Q3 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
44365000 | usd |
CY2024Q3 | us-gaap |
Assets Current
AssetsCurrent
|
83404000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
2810000 | usd |
CY2024Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
9140000 | usd |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
199517000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
195990000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
240408000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
249955000 | usd |
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
38251000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
101265000 | usd | |
CY2024Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
8917000 | usd |
CY2023Q3 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
8428000 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
26746000 | usd | |
CY2024Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
11682000 | usd |
CY2023Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
11175000 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
34272000 | usd | |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
9238000 | usd |
CY2024Q3 | ctv |
Depreciation Depletion Amortization And Long Lived Tangible Assets Impairment
DepreciationDepletionAmortizationAndLongLivedTangibleAssetsImpairment
|
2836000 | usd |
CY2023Q3 | ctv |
Depreciation Depletion Amortization And Long Lived Tangible Assets Impairment
DepreciationDepletionAmortizationAndLongLivedTangibleAssetsImpairment
|
4714000 | usd |
ctv |
Depreciation Depletion Amortization And Long Lived Tangible Assets Impairment
DepreciationDepletionAmortizationAndLongLivedTangibleAssetsImpairment
|
8291000 | usd | |
ctv |
Depreciation Depletion Amortization And Long Lived Tangible Assets Impairment
DepreciationDepletionAmortizationAndLongLivedTangibleAssetsImpairment
|
8808000 | usd | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4322000 | usd |
ctv |
Finance Expenses Income Net
FinanceExpensesIncomeNet
|
-3013000 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4032000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-6931000 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.08 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.22 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.22 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
139607389 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
144664912 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
139607389 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
144664912 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-30253000 | usd | |
ctv |
Depreciation Depletion Amortization And Long Lived Tangible Assets Impairment
DepreciationDepletionAmortizationAndLongLivedTangibleAssetsImpairment
|
8291000 | usd | |
ctv |
Depreciation Depletion Amortization And Long Lived Tangible Assets Impairment
DepreciationDepletionAmortizationAndLongLivedTangibleAssetsImpairment
|
8808000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-15000 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd | |
us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
14503000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14526000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
15470000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
104000 | usd | |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-3688000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-321000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
0 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2055000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-94000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1349000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1167000 | usd | |
ctv |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
438000 | usd | |
ctv |
Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
|
1351000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
984000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-36000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-4920000 | usd | |
us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
1770000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-508000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-1683000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
1371000 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
2268000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
11915000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7437000 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
6098000 | usd | |
us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
7795000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
983000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
395000 | usd | |
ctv |
Proceeds From Short Term Bank Deposits
ProceedsFromShortTermBankDeposits
|
165000 | usd | |
ctv |
Proceeds From Short Term Bank Deposits
ProceedsFromShortTermBankDeposits
|
10000000 | usd | |
ctv |
Proceeds From Payments For Deposits Investing Activities
ProceedsFromPaymentsForDepositsInvestingActivities
|
0 | usd | |
ctv |
Proceeds From Payments For Deposits Investing Activities
ProceedsFromPaymentsForDepositsInvestingActivities
|
77000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6916000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1887000 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
20000000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
20000000 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
20000000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
312000 | usd | |
us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
772000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-19688000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
772000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-321000 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
0 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-15010000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
10096000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
37971000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
34987000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48067000 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2990000 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1129000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
117000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1141000 | usd | |
ctv |
Right Of Use Assets Obtained In Exchange For Operating Lease Liability Upon Lease Modification
RightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilityUponLeaseModification
|
9897000 | usd | |
ctv |
Right Of Use Assets Obtained In Exchange For Operating Lease Liability Upon Lease Modification
RightOfUseAssetsObtainedInExchangeForOperatingLeaseLiabilityUponLeaseModification
|
0 | usd | |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
34564000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
47680000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
423000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
387000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
34987000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48067000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div>The preparation of the condensed consolidated interim financial statements in conformity with US GAAP requires management to make estimates, judgments, and assumptions that affect the amounts reported in the financial statements. The results for interim periods are not necessarily indicative of results to be expected for the year or for any future periods. In management’s opinion, these unaudited condensed consolidated interim financial statements contain all adjustments of a normal recurring nature necessary for a fair presentation of the financial statements for the interim period presented based upon information available at the time they are made. Actual results could differ from those estimates. | ||
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="margin-bottom:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Prior Period Reclassification</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain amounts in prior year’s condensed consolidated balance sheet have been reclassified to conform to current year’s presentation.</span></div> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentrations of credit risk</span></div><div style="margin-bottom:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, deposits and trade receivables, net. The majority of the Company’s cash and cash equivalents are invested in deposits with major banks in the US, Israel and the UK. The Company is exposed to credit risk in the event of default by the financial institutions to the extent that amounts recorded on the accompanying consolidated balance sheets exceed insured limits. Generally, these investments may be redeemed upon demand and, therefore, bear minimal risk.</span></div>The Company’s trade receivables, net is mainly derived from sales to customers located in the US, APAC, EMEA, and LATAM. The Company mitigates its credit risks by performing ongoing credit evaluations of its customers’ financial conditions. The Company has no off-balance-sheet concentration of credit risk such as foreign exchange contracts, option contracts or other foreign hedging arrangements. | ||
CY2024Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
2400000 | usd | |
CY2023Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
2400000 | usd |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
CY2024Q2 | us-gaap |
Number Of Reporting Units
NumberOfReportingUnits
|
1 | reportingunit |
CY2023Q2 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
14500000 | usd |
CY2024Q3 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
ctv |
Revenue From Contract With Customer Payment Term
RevenueFromContractWithCustomerPaymentTerm
|
P60D | ||
us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
1700000 | usd | |
CY2023Q3 | ctv |
Revenue Recognition Advertisement Serving Services Percentage
RevenueRecognitionAdvertisementServingServicesPercentage
|
0.733 | |
CY2023Q3 | ctv |
Revenue Recognition Measurement Serving Percentage
RevenueRecognitionMeasurementServingPercentage
|
0.232 | |
CY2023Q3 | ctv |
Revenue Recognition Creative Serving Percentage
RevenueRecognitionCreativeServingPercentage
|
0.035 | |
ctv |
Revenue Recognition Advertisement Serving Services Percentage
RevenueRecognitionAdvertisementServingServicesPercentage
|
0.734 | ||
ctv |
Revenue Recognition Measurement Serving Percentage
RevenueRecognitionMeasurementServingPercentage
|
0.229 | ||
ctv |
Revenue Recognition Creative Serving Percentage
RevenueRecognitionCreativeServingPercentage
|
0.037 | ||
ctv |
Capitalized Commission Costs Amortization Period
CapitalizedCommissionCostsAmortizationPeriod
|
P3Y | ||
ctv |
Capitalized Commission Costs
CapitalizedCommissionCosts
|
0 | usd | |
CY2024Q1 | us-gaap |
Lessor Operating Lease Renewal Term
LessorOperatingLeaseRenewalTerm
|
P5Y | |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
10894000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
11223000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1435000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
1834000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
218000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
1379000 | usd | |
us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
788000 | usd | |
CY2024Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
58000 | usd |
CY2023Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
31000 | usd |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
77000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
2244000 | usd | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y9M18D | |
CY2024Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.072 | |
us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1541000 | usd | |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
1263000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1762000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1001000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1523000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1554000 | usd |
CY2024Q3 | ctv |
Lessee Operating Lease Liability To Be Paid Year After Four
LesseeOperatingLeaseLiabilityToBePaidYearAfterFour
|
9114000 | usd |
CY2024Q3 | ctv |
Lessee Operating Lease Liability Undiscounted Lease Payments
LesseeOperatingLeaseLiabilityUndiscountedLeasePayments
|
16217000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
4994000 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
11223000 | usd |
CY2022Q3 | ctv |
Number Of Wholly Owned Subsidiaries
NumberOfWhollyOwnedSubsidiaries
|
2 | subsidiary |
CY2024Q2 | ctv |
Legal Contingency Stay Order Duration
LegalContingencyStayOrderDuration
|
P90D | |
CY2024Q3 | ctv |
Legal Contingency Stay Order Duration
LegalContingencyStayOrderDuration
|
P120D | |
CY2024Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
0 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
800000 | usd | |
CY2024Q3 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
800000 | usd |
us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y | ||
CY2023Q3 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
400000 | usd |
CY2024Q3 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
400000 | usd |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
200000 | usd | |
us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
1100000 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-5800000 | usd |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-1300000 | usd |
CY2023Q3 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.323 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2900000 | usd | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.104 | ||
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
101265000 | usd | |
CY2024Q3 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
31900000 | usd |
CY2023Q4 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
19854000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
146822073 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
152504240 | shares |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |