Innventure Earnings Call Transcripts
Fiscal Year 2026
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The event detailed a strategy of commercializing advanced B2B technologies from multinational R&D, with a focus on scaling companies like Accelsius, AeroFlexx, and Refinity. Accelsius leads with innovative two-phase cooling for data centers, while AeroFlexx and Refinity target sustainability in packaging and plastics.
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The meeting confirmed a quorum, elected three directors to serve until 2029, and ratified the appointment of the independent auditor for 2026. No questions were submitted by stockholders, and management highlighted the presence of forward-looking statements.
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Q1 2026 revenue rose to $1.4M, driven by growth at Accelsius, AeroFlexx, and Refinity, with strong bookings and expanding commercial pipelines. Accelsius targets a $100M run rate by year-end, supported by strategic partnerships and robust demand for advanced cooling solutions.
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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 has launched Refinity, targeting the vast, untapped market of mixed plastic waste with proprietary high-yield recycling technology. The approach leverages proven industrial processes, flexible plant siting, and a strong leadership team to enable scalable, economically attractive solutions for plastic circularity.
Fiscal Year 2024
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2024 marked a transformative year with commercial launches, a public listing, and expanded multinational partnerships. Revenue reached $1.2 million, with a $27.9 million adjusted EBITDA loss, and significant capital was raised to support growth. Strong momentum is expected to drive a steep revenue ramp in the second half of 2025.
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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.