Innovaro Inc (OTCQB: INNI) is an innovation solutions company that sells software and information services to help organizations manage and improve their innovation processes. Revenue comes from subscriptions to its LaunchPad software platform and its Intelligence and Insights Services, which include market research, consumer trend analysis, and technology foresight products. As of the fiscal year ended December 31, 2012, 100% of revenue from continuing operations was generated by the Intelligence and Insights Services business. The company serves a global client base of private and public sector organizations across a wide range of industries. Innovaro is headquartered in Tampa, Florida, with an additional office in Washington, D.C., and had 7 full-time employees as of March 15, 2013. The company was delisted from NYSE MKT and began trading on the OTCQB Marketplace under ticker INNI on March 11, 2013. The 10-K for FY2012 disclosed a going concern risk, a net loss of $9,999,599, and a loss from continuing operations of $6,506,159.

Revenue model

Subscription fees from the LaunchPad integrated innovation software platform and from Intelligence and Insights Services, including consumer trend research and technology foresight products sold to private and public sector clients.

Products and services

LaunchPad software (integrated innovation environment); Intelligence and Insights Services including consumer trend research, predictive intelligence, market research, and Technology Foresight (tracking of scientific and technological fields from information technology to material science and neuroscience); innovation consulting and strategy advisory services.

Customers and end markets

Global client base of private and public sector organizations across a range of industries and sizes. No specific customer concentration figures disclosed in the filing excerpts.

Value-chain role

Software vendor and research services provider sitting between organizations seeking innovation capability and the methodologies, data, and tools needed to execute innovation programs.

Geographic exposure

Operations based in the United States, with offices in Tampa, Florida and Washington, D.C. Filing notes clients include international organizations but does not disclose non-U.S. revenue breakdown.

Source: SEC 10-K, filed 2013-04-15

Industry: Blank Checks