Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 30 Irving Place, 12Th Floor NEW YORK NY 10003 |
Tel: | N/A |
Website: | https://investors.innovid.com |
IR: | See website |
Key People | ||
Zvika Netter Chief Executive Officer, Director | Anthony Callini Chief Financial Officer | Ken Markus Chief Operating Officer |
Tal Chalozin Chief Technology Officer | David Helmreich Chief Commercial Officer |
Business Overview |
Innovid Corp. provides an enterprise software platform for the creation, delivery, measurement, and optimization of advertising across connected television (TV) (CTV), linear TV, mobile, and desktop environments. 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. It counts many of the brand advertisers as customers, including Anheuser-Busch InBev, CVS Pharmacy, Kellogg's, Mercedes-Benz, Target, Sanofi, and more. |
Financial Overview |
For the three months ended 31 March 2024, Innovid Corp revenues increased 21% to $36.7M. Net loss decreased 27% to $6.2M. Revenues reflect US segment increase of 21% to $33.4M, APAC segment increase of 40% to $1.1M. Lower net loss reflects Stock-based Compensation in R&D decrease of 40% to $700K (expense), Stock-based Compensation in SGA decrease of 28% to $1.1M (expense). |
Employees: | 466 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $251.48M as of Mar 31, 2024 |
Annual revenue (TTM): | $146.14M as of Mar 31, 2024 |
EBITDA (TTM): | $3.80M as of Mar 31, 2024 |
Net annual income (TTM): | -$29.58M as of Mar 31, 2024 |
Free cash flow (TTM): | $7.05M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 144,413,260 as of Apr 30, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |