Welcome to our dedicated page for Identive news (Ticker: INVE), a resource for investors and traders seeking the latest updates and insights on Identive stock.
Identiv, Inc. (NASDAQ: INVE) is a global leader in security technology, establishing trust in the connected world. The company's solutions secure and manage access to physical places, things, and information, making them invaluable across various sectors, including government, education, retail, transportation, and healthcare. Their motto, 'trust your world', underscores their commitment to reducing risk, achieving compliance, and protecting brand identity.
Identiv's core business is divided into two segments: the Premises Segment and the Identity Segment. The Premises Segment focuses on security solutions for government and enterprise markets, offering products for access control, video surveillance, analytics, and customer experience management. On the other hand, the Identity Segment provides secure access to information for cybersecurity and logical access markets, utilizing RFID technology to protect assets in the IoT space.
One of Identiv's standout offerings is the Identiv Trust Services (ITS) platform, which implements their innovative solutions using standards-based technology, such as digital certificates, mobility, and cloud services. This platform allows customers to secure their buildings, networks, information, systems, and even everyday items seamlessly.
Geographically, Identiv generates the majority of its revenue from the Americas, with a substantial presence in Europe, the Middle East, and the Asia-Pacific region. The Identity Segment is the primary revenue driver, reflecting the growing importance of secure information access and IoT protection in today's digital age.
Recent achievements include strategic partnerships and collaborations with key industry players, enhancing their product offerings and market reach. Identiv’s ongoing projects and innovations continue to set the standard in security technology, making them a significant player in the industry.
To stay updated with the latest developments and performance, investors and stakeholders can rely on Identiv's regular news updates and financial reports. The company's commitment to innovation and security positions them as a trustworthy partner in a rapidly evolving technological landscape.
Identiv collaborates with OTACA Tequila to enhance smart packaging using NFC technology. This partnership introduces NFC-enabled authentication and product tracing that amplifies customer engagement through a digital platform. The NFC tags allow consumers to access product history and verify authenticity with a simple tap, improving brand transparency and loyalty. Identiv's high-quality NFC tags, including NTAG 210u, power this initiative, while blockchain technology reinforces supply chain trust. This collaboration aligns with Identiv's growth in RFID and NFC solutions for improved consumer experiences.
Identiv, Inc. (NASDAQ: INVE) will announce its third-quarter financial results for the period ending September 30, 2021, after market close on November 2, 2021. A conference call with management will take place at 5 PM ET to discuss these results. Interested parties can register for the webcast or call into the conference. The replay will also be available after the call until November 16, 2021. Identiv is a leader in digital security and identification, focusing on RFID, NFC, and cybersecurity solutions.
Identiv, Inc. (NASDAQ: INVE) announced its participation in GSX 2021 from September 27-29 and RFID Journal LIVE! 2021 from September 27-28, showcasing advanced solutions for the connected world. At GSX, the company will highlight physical security, identity management, and cloud-based access control. At RFID Journal LIVE!, Identiv will demonstrate its RFID technology for IoT applications. Notably, their NFC-enabled SyringeCheck solution is a finalist for the Best New Product Award. Investors can request one-on-one meetings with management.
Identiv, Inc. (NASDAQ: INVE) will participate in several virtual financial conferences in September 2021. The events include the 10th Annual Gateway Conference on September 8, where the company will present at 1:30 PM ET, the 2021 Colliers Institutional Investor Conference on September 9, and the Lake Street 5th Annual Best Ideas Growth Conference on September 14, both featuring one-on-one meetings. Interested parties can contact the investor relations team at Identiv for more details.
Identiv, Inc. (NASDAQ: INVE) has launched the uCreate NFC platform and uCreate NFC Software Development Kit (SDK) aimed at simplifying near-field communication (NFC) solutions for mobile application developers. This platform targets developers with limited NFC experience, providing resources like sample code and demo apps. The uCreate NFC Tag Kit contains various NFC tags compatible with Android and iOS, facilitating prototype and app development across a range of industries including healthcare, retail, and smart home technology.
Amprius Technologies has appointed Sandra Wallach as Chief Financial Officer, bringing extensive experience from companies like General Electric and Identiv. Wallach's role will support Amprius as it advances in producing high-energy lithium-ion batteries. She aims to leverage her corporate finance background to drive growth at Amprius, which is known for its cutting-edge battery technology and high energy density cells. CEO Kang Sun expressed confidence that Wallach's leadership will enhance the company's strategic efforts in electric mobility.
Identiv, Inc. (NASDAQ: INVE) reported a 26% increase in total revenue year-over-year, reaching $24.0 million in Q2 2021, driven by a 39% growth in RFID sales. Federal government sales surged 34%, reinforcing the company's strength in this segment. The backlog for Q3 2021 rose 46% sequentially, indicating positive momentum. GAAP net income was $2.5 million, a turnaround from losses in the previous year. The company also announced an increase in revenue guidance to a range of $100 million to $106 million for FY 2021. An interim CFO will be appointed following the resignation of CFO Sandra Wallach.
Identiv (NASDAQ: INVE) has appointed Amir Khoshniyati as the Vice President of Business Development for the Americas, focusing on enhancing its RFID technology solutions. This addition is part of a strategy to expand the RFID sales team by 50% by the end of 2021. Khoshniyati brings extensive experience in NFC, RFID, and IoT, previously holding senior roles at leading manufacturers. The company recently reported a 53% increase in RFID unit shipments and 59% growth in RFID revenue year-over-year, indicating a robust market position.
Identiv (NASDAQ: INVE) will announce its second-quarter financial results for the period ending June 30, 2021, following market close on August 3, 2021. A conference call is scheduled for 5 PM ET to discuss the outcomes. Interested parties can connect via a toll-free number or through a live webcast. The replay of the call will be accessible until August 17, 2021. Identiv specializes in securing digital and physical environments through its innovative solutions.
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