Welcome to our dedicated page for Identiv news (Ticker: INVE), a resource for investors and traders seeking the latest updates and insights on Identiv stock.
Identiv (NASDAQ: INVE) delivers innovative security solutions for physical and digital environments through RFID, IoT, and cloud-based trust services. This news hub provides investors and security technology professionals with essential updates on the company's strategic initiatives across government, healthcare, and enterprise sectors.
Access real-time updates on Identiv's product developments, financial performance, and industry partnerships. Our curated news feed covers critical announcements including quarterly earnings, new product launches, and strategic collaborations that shape the security technology landscape.
Stay informed about Identiv solutions protecting access control systems, IoT networks, and digital identity management platforms. The news collection serves as your primary source for understanding how Identiv addresses evolving cybersecurity challenges while expanding its global market presence.
Bookmark this page for streamlined access to Identiv's official communications and expert analyses. Regularly updated content ensures you maintain awareness of developments impacting both physical premises security and digital trust management ecosystems.
Identiv, Inc. (NASDAQ: INVE) has launched its UHF RFID TOM® (Tag On Metal) portfolio, designed for robust industrial applications. The TOM labels provide superior performance for tagging metallic items, with a read range of up to 10 meters. The product line includes UHF TOM® Base, suitable for various surfaces, and UHF TOM® Pro, resistant to interference. With the industrial labels market projected to reach 59.34 billion units by 2024 at a CAGR of 4.86%, Identiv's offering positions the company favorably within this growing industry.
Identiv has expanded its partnership with collectID to enhance product authentication for collectible football jerseys using NFC tags. The initiative started with Atlético Mineiro, which will equip 120,000 jerseys with Identiv's advanced tags based on the NXP NTAG 424 DNA chips. This technology aims to reduce counterfeiting, allowing fans to authenticate their jerseys and engage digitally. The global counterfeit goods market is projected to reach $4.2 trillion in 2022, highlighting the importance of such innovations. Identiv anticipates growth in IoT-connected products and personalized consumer engagement in 2022.
Identiv (NASDAQ: INVE) has announced a strategic partnership with TrueGreen to enhance digitization in the cannabis industry through RFID and NFC technology. This partnership aims to meet the rising demand as the U.S. cannabis market is projected to grow from $20 billion in 2021 to $45 billion by 2025. Identiv has developed five new RFID/NFC designs tailored for cannabis smart packaging, enabling improved product security and real-time data management. Deployments with industry leaders are set to begin in Q1 2022.
Identiv, Inc. (NASDAQ: INVE) has appointed Amir Khoshniyati as General Manager and Vice President of the Transponder Business, effective immediately. This strategic move aims to enhance leadership in the RFID market by expanding teams in sales, business development, product management, and R&D. Khoshniyati, who previously served as Vice President of Business Development, brings extensive experience in NFC, RFID, and IoT from his tenure at leading RFID companies. The appointment aligns with Identiv's focus on accelerating growth in multiple industries, including healthcare and smart packaging.
Identiv, Inc. (NASDAQ: INVE) has appointed Justin Scarpulla as Chief Financial Officer, effective December 6, 2021. Scarpulla, with over 25 years of financial leadership experience, previously worked at SpaceX, where he oversaw financial planning and operations. He has also held significant roles at Incipio and Vizio, driving substantial revenue growth. CEO Steven Humphreys expressed confidence in Scarpulla's ability to enhance financial systems and support Identiv's growth strategy. Interim CFO Ed Kirnbauer will continue as Global Corporate Controller.
CVS Pharmacy has launched its Spoken Rx™ service across nearly 10,000 locations, including over 1,700 inside Target stores. This technology, created with the American Council of the Blind, offers audio prescription labels to assist visually impaired patients in accessing their prescription details. The service is free and can be utilized through the CVS Pharmacy App or via stand-alone devices. Spoken Rx aims to enhance healthcare accessibility and provides privacy and independence for blind and visually impaired customers.
Identiv, Inc. (NASDAQ: INVE) will participate in several financial conferences during Q4 2021. Key events include one-on-one meetings at the Stifel 2021 Virtual Midwest One-on-One Growth Conference on November 11, and a presentation at the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021. Additionally, Identiv will present in-person at the Imperial Capital Security Conference on December 15, 2021. Investors can contact Identiv's investor relations for more details or to schedule meetings.
Identiv Inc. (NASDAQ: INVE) reported a strong financial performance for Q3 2021, with total revenue increasing by 17% year-over-year to $29.1 million. Identity segment revenue grew 21%, while Premises rose 10%. The company generated $2.9 million in cash flow from operations and achieved a net income of $2.5 million. All outstanding debt has been retired, leaving $29.2 million in cash. The backlog for future shipments increased by 51% year-over-year, and the company expects 2022 revenues to rise 25%-30% to between $130 million and $135 million.
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.
