Innventure Earnings Call Transcripts
Fiscal Year 2026
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Significant portfolio momentum includes a major Canadian deployment for Accelsius, a new Aveda deal for AeroFlexx, and strong Q1 bookings. The business model leverages unique multinational technologies, maintains majority ownership, and focuses on scalable, high-value solutions.
Fiscal Year 2025
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All operating companies delivered simultaneous execution milestones, driving a shift to self-funding and strong commercial momentum. Accelsius secured $50M+ in Q1 2026 backlog, AeroFlexx expanded with Aveda, and Refinity advanced pilot validation, supporting confidence in cash flow positivity by 2028.
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The conference highlighted a focused strategy of launching disruptive tech companies with multinationals, a strong financial position, and growing industry partnerships. Accelsius stands out with a robust sales pipeline and strategic alliances, while operational cost controls and index inclusion support future growth.
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Accelsius's pipeline exceeded $1 billion with 75% in production opportunities for 2026, and Q3 bookings set a new record. Revenue was $0.5 million, net loss $34.7 million, and cash rose to $14.1 million. Johnson Controls invested $25 million, supporting growth and innovation.
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Q2 saw accelerating momentum in data center liquid cooling, with Accelsius shifting from proof-of-concept to production orders and a strong pipeline for 2025-2026. Revenue was $0.5M, adjusted EBITDA loss improved, and capital position strengthened through new financing.
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The conference detailed a disciplined conglomerate model for launching high-growth companies in partnership with multinationals, emphasizing risk reduction and capital efficiency. Accelsius, a leader in advanced data center cooling, is the current growth catalyst, with a scalable model aiming for systematic value creation and premium valuation.
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Q1 revenue was $0.2M with a $248M EBITDA loss, but management expects a major revenue inflection in H2 2025 as Accelsius gains traction in the fast-growing data center liquid cooling market. Strategic partnerships, increased lead generation, and capital actions position the company for growth.
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A new collaboration with Dow launches Refinity, targeting the vast, untapped market of mixed plastic waste with proprietary high-yield recycling technology. The approach leverages proven fluidized bed processes, aims for global scalability, and focuses on economic and sustainability advantages.
Fiscal Year 2024
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2024 was a transformative year, highlighted by new product launches, a public listing, and expanded partnerships. Revenue reached $1.2 million, with significant growth expected in 2025 as Excelsius and AeroFlexx scale and new collaborations mature.
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First earnings call as a public company highlighted rapid commercialization of Accelsius and AeroFlexx, strong capital position, and a disciplined, risk-mitigated approach to scaling new ventures. Accelsius and AeroFlexx are positioned for significant growth in large, expanding markets.