Integrated Ventures Inc (INTV) Q3 2024 Earnings Report

Integrated Ventures Inc (INTV) posted Q3 2024 results with revenue of $1.98 million and a modest gross profit of $93,073, yielding a gross margin of 4.69%. EBITDA stood at $1.01 million, while operating income was negative at $146,930, resulting in a net income of $297,283 and an EPS of $0.044 (basic) / $0.068 (diluted). The quarter demonstrates an unusual mix where EBITDA is positive due to depreciation and other non-cash items, but cash flow from operations remained negative at $(0.93) million, signaling cash burn despite reported net income. Closing cash was $381,872, with cash and short-term investments totaling about $2.01 million, and net debt of $118k. The balance sheet shows total assets of $5.95 million against liabilities of $3.31 million and stockholders’ equity of $2.64 million, along with a substantial accumulated deficit (retained earnings of $(82.68) million). Revenue growth is robust on a YoY basis (about 37.7%) and QoQ (about 32.5%), but profitability metrics remain pressured by high operating expenses and non-cash charges.

Given the absence of an earnings call transcript in the provided data, management commentary and forward-looking guidance could not be incorporated directly. Investors should focus on the sustainability of revenue growth, the ability to convert gross profit into positive operating cash flow, and the durability of liquidity runway. The results imply a high‑volatility, crypto-exposed business model with meaningful near‑term liquidity needs and a heavy cumulative deficit that underscores the importance of external financing or capital raises to support ongoing operations.