Accelsius has achieved a significant milestone in Europe by installing its Thermal Simulation Rack at Global Switch's new London showroom. Global Switch, a leading global data center operator, is known for its commitment to sustainability and technological innovation. This latest initiative underlines their focus on liquid cooling technologies and aims to educate their clientele about its benefits.
In conjunction with this development, Global Switch will host the "Future Now: London Live Liquid Cooling Showcase" from June 9 to 13. This event will allow data center operators and tech leaders to directly engage with Accelsius' advanced two-phase cooling technology, offering a firsthand experience of its capabilities.
INV Key Business Developments
Release Date: May 15, 2025
- Revenue: $0.2 million from management fees.
- G&A Expenses: Approximately $20 million, including $5 million in non-cash equity-based compensation and $6 million in professional service fees.
- Non-Cash Goodwill Adjustment: $233 million write-down due to share price and market capitalization decrease.
- Adjusted EBITDA: Loss of $21.8 million after non-cash adjustments.
- Inventory: Approximately $5.2 million, steady from the prior quarter.
- Goodwill: Approximately $437 million as of March 31.
- Cash Raised: $27 million added to the balance sheet from convertible debentures and Series C preferred stock.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Innventure Inc (INV, Financial) is positioned to capitalize on the rapidly growing data center liquid cooling market, which is expected to reach $5 billion by 2028.
- Accelsius, a key venture of Innventure Inc (INV), offers a superior two-phase direct-to-chip cooling technology that provides significant efficiency and safety advantages over traditional cooling methods.
- The company has established strong partnerships with major players in the data center ecosystem, including hyperscalers, OEMs, and global resellers, enhancing its market reach.
- Accelsius has seen a notable increase in lead generation and strategic partner network growth, indicating strong market interest and potential for revenue growth.
- Innventure Inc (INV) has a proactive supply chain strategy and partnerships with contract manufacturers to meet anticipated large-scale demand efficiently.
Negative Points
- Innventure Inc (INV) reported a significant non-cash goodwill adjustment of $233 million due to a decrease in share price and market capitalization.
- The company experienced a loss of approximately $248 million in EBITDA for the quarter, highlighting ongoing financial challenges.
- Revenue for the first quarter was only $0.2 million, indicating limited income generation at this stage.
- There is uncertainty regarding the timing and scale of revenue growth, as the company is not providing forward-looking revenue guidance.
- The company relies heavily on outside professional services, which may impact long-term cost management and operational efficiency.
