INVE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-13

• On June 24, 2026, we entered into a Stock and Asset Purchase Agreement (the "Purchase Agreement") with Trackonomy Systems, Inc., a Delaware corporation ("Trackonomy" or "Buyer"). Upon the terms and subject to the conditions set forth in the Purchase Agreement, at the closing of the transactions cont…

• The consummation of the Asset Sale is subject to the satisfaction or waiver, to the extent permitted by applicable law, of various conditions, including (i) the affirmative vote of the holders of a majority of the outstanding shares of our common stock and our Series B non-voting convertible preferr…

• The Purchase Agreement includes customary representations, warranties and covenants of us and Buyer. Between the execution of the Purchase Agreement and the closing of the Asset Sale, each of us and Buyer has agreed to operate its respective business in the ordinary course and to comply with certain…

• Pursuant to the terms of the Purchase Agreement, each equity award, including each RSU award, that is held by an employee of the IoT Business who remains employed by the Company (or an affiliate) through the closing of the Asset Sale and who, effective as of immediately following the Asset Sale, bec…

• In addition, under the terms of the Purchase Agreement, Transferred Employees will be entitled to receive a pro-rated payment in respect of their annual (or other short-term) cash bonus and/or commission opportunity which has a performance period that is ongoing as of the closing of the Asset Sale. …

Text removed vs the prior filing · source: 10-Q · 2026-05-14

• Our financial performance depends on the pace, scope and depth of end-user adoption of our RFID products in multiple industries. That pace, scope and depth has resulted in large fluctuations in our operating results.

• We believe significant improvement in chip capabilities at lower costs has accelerated the opportunities for product engineers to integrate RFID into their products to create new and more engaging customer experiences, reduce counterfeiting, and ensure proper product use and adherence. Though we bel…

• We believe the underlying long-term trend is continued RFID adoption across multiple verticals, but regulated industries like healthcare take longer to optimize the technology and fully understand the benefits. We also believe that expanding use cases foster adoption across verticals and into other …

• If RFID market adoption, and adoption of our products specifically, does not meet our expectations then our growth prospects and operating results will be adversely affected. If we are unable to meet end-user or customer volume or performance expectations, then our business prospects may be adversel…

• Given the uncertainties of the specific timing of our new customer deployments, we cannot assure you that we will have appropriate inventory and capacity levels or that we will not experience inventory shortfalls or overages in the future or acquire inventory at costs to maintain gross margins. We a…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• Adverse global and regional economic conditions have and may continue to materially adversely affect our business, results of operations and financial condition.

• We conduct operations internationally with sales in the Americas, Europe and the Middle East, and Asia-Pacific regions. Our manufacturing operations are primarily performed at our manufacturing facility in Thailand, and to a lesser extent, with third-party contract manufacturers in Southeast Asia. W…

• Such conditions, including but not limited to geopolitical tensions, inflation, tariffs, sanctions or other trade restrictions, slower growth or recession, higher interest rates and currency fluctuations, and other conditions that may impact market volatility, consumer confidence and spending may ad…

• During fiscal years 2025 and 2024, we were impacted by adverse macroeconomic conditions including but not limited to inflation, foreign currency fluctuations, and the slowdown of economic activity around the globe. Adverse conditions included experiencing delays and reductions in customer orders, sh…

• More recently, adverse macroeconomic conditions have had a greater impact on our consumer-facing applications, where demand for higher-end products has softened. In particular, one of our larger consumer-facing customers accumulated significant inventory over the last three quarters and has paused n…

Text added vs the prior filing · source: 10-Q · 2026-08-13

• As previously disclosed, the Company has established September 10, 2026 as the date of its 2026 annual meeting of stockholders. Because the date of the annual meeting is more than 30 calendar days after the anniversary of the Company’s 2025 annual meeting of stockholders, the deadlines for stockhold…