Annual report pursuant to Section 13 and 15(d)

ACQUISITION (Tables)

v3.22.4
ACQUISITION (Tables)
 12 Months Ended
Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Fair Values of the Assets Acquired and Liabilities Assumed
The following table summarizes the fair value of assets acquired and liabilities assumed as of the acquisition date:
Total value
Cash and cash equivalents
 $ 5,318 
Accounts receivables
 4,186
Other current assets 1,173
Property and equipment 154
Total tangible assets
 10,831 
Technology 15,075
Customer relationships
 16,700
Trade name
 2,000
Goodwill
 112,421
Total assets acquired
 157,027 
Less: Deferred tax liabilities (1,677)
Less: Other assumed liabilities
 (3,782)
Net assets acquired
 $ 151,568 
Business Acquisition, Unaudited Pro Forma Information The following table presents the unaudited pro forma combined results of Innovid and TVS for the year ended December 31, 2022, and 2021 as if the acquisition of TVS had occurred on January 1, 2021:
Twelve months ended December 31,
2022

2021
(Unaudited) (Unaudited)
Revenues $ 131,433  $ 112,147 
Net loss (14,634) (37,195)