v3.24.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]      
Revenue $ 139,882,000 $ 127,117,000 $ 90,291,000
Cost of revenues [1] 33,805,000 30,187,000 17,698,000
Research and development [1] 26,878,000 31,118,000 24,299,000
Sales and marketing [1] 45,571,000 50,266,000 32,841,000
General and administrative [1] 39,086,000 39,144,000 20,641,000
Depreciation, amortization and long-lived assets impairment 12,996,000 6,143,000 661,000
Goodwill impairment 14,503,000 0 0
Operating loss (32,957,000) (29,741,000) (5,849,000)
Finance (income) expenses, net (3,420,000) (13,348,000) 4,386,000
Loss before taxes (29,537,000) (16,393,000) (10,235,000)
Taxes on income 2,374,000 2,017,000 1,237,000
Net loss (31,911,000) (18,410,000) (11,472,000)
Accretion of preferred stock to redemption value 0 0 (77,063,000)
Net loss attributable to common stockholders, basic (31,911,000) (18,410,000) (88,535,000)
Net loss attributable to common stockholders, diluted $ (31,911,000) $ (18,410,000) $ (88,535,000)
Net loss per stock attributable to common stockholders      
Net loss per share attributable to common stockholders – basic (in dollars per share) [2] $ (0.23) $ (0.14) $ (3.31)
Net loss per share attributable to common stockholders – diluted (in dollars per share) [2] $ (0.23) $ (0.14) $ (3.31)
Weighted-average number of shares used in computing net loss per share attributable to common stockholders      
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic (in shares) [2] 138,577,786 130,756,484 26,745,020
Weighted-average number of shares used in computing net loss per share attributable to common stockholders, diluted (in shares) [2] 138,577,786 130,756,484 26,745,020
[1]
(1) Exclusive of depreciation, amortization and long-lived assets impairment.
[2]
(2) 2021 results have been adjusted to reflect the exchange of Innovid Inc’s common stock for Innovid Corp’s common stock at an exchange ratio of approximately 1.337 because of the Transaction.

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