Innovid Corp
NYSE:CTV
Income Statement
Earnings Waterfall
Innovid Corp
Revenue
|
139.9m
USD
|
Cost of Revenue
|
-33.8m
USD
|
Gross Profit
|
106.1m
USD
|
Operating Expenses
|
-124.5m
USD
|
Operating Income
|
-18.5m
USD
|
Other Expenses
|
-13.5m
USD
|
Net Income
|
-31.9m
USD
|
Income Statement
Innovid Corp
Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
87
N/A
|
90
+3%
|
98
+9%
|
108
+10%
|
119
+10%
|
127
+6%
|
132
+4%
|
133
+1%
|
135
+1%
|
140
+4%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(16)
|
(18)
|
(20)
|
(24)
|
(28)
|
(30)
|
(33)
|
(34)
|
(34)
|
(34)
|
|
Gross Profit |
71
N/A
|
73
+2%
|
78
+7%
|
85
+9%
|
92
+8%
|
97
+6%
|
99
+2%
|
99
+0%
|
101
+2%
|
106
+5%
|
|
Operating Income | |||||||||||
Operating Expenses |
(64)
|
(78)
|
(93)
|
(110)
|
(124)
|
(127)
|
(127)
|
(122)
|
(122)
|
(125)
|
|
Selling, General & Administrative |
(43)
|
(54)
|
(67)
|
(79)
|
(89)
|
(89)
|
(89)
|
(85)
|
(83)
|
(85)
|
|
Research & Development |
(22)
|
(25)
|
(27)
|
(30)
|
(32)
|
(31)
|
(31)
|
(28)
|
(27)
|
(27)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(1)
|
(3)
|
(6)
|
(8)
|
(9)
|
(11)
|
(13)
|
|
Operating Income |
7
N/A
|
(6)
N/A
|
(15)
-167%
|
(25)
-61%
|
(32)
-27%
|
(30)
+6%
|
(28)
+5%
|
(22)
+21%
|
(21)
+8%
|
(18)
+11%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
(4)
|
(4)
|
(1)
|
14
|
10
|
13
|
14
|
0
|
6
|
3
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(15)
|
(15)
|
(15)
|
|
Pre-Tax Income |
3
N/A
|
(10)
N/A
|
(16)
-56%
|
(11)
+34%
|
(22)
-105%
|
(16)
+24%
|
(15)
+11%
|
(36)
-148%
|
(29)
+19%
|
(30)
0%
|
|
Net Income | |||||||||||
Tax Provision |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(5)
|
(6)
|
(4)
|
(2)
|
|
Income from Continuing Operations |
1
|
(12)
|
(17)
|
(11)
|
(23)
|
(18)
|
(20)
|
(43)
|
(34)
|
(32)
|
|
Net Income (Common) |
(55)
N/A
|
(89)
-61%
|
(70)
+21%
|
(43)
+38%
|
(47)
-8%
|
(18)
+61%
|
(20)
-6%
|
(43)
-119%
|
(34)
+21%
|
(32)
+5%
|
|
EPS (Diluted) |
-0.24
N/A
|
-0.74
-208%
|
-0.56
+24%
|
-0.3
+46%
|
-0.35
-17%
|
-0.14
+60%
|
-0.15
-7%
|
-0.32
-113%
|
-0.25
+22%
|
-0.23
+8%
|