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) 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.
Identiv (NASDAQ: INVE) will showcase advanced visual intelligence and operating expense (OPEX) solutions at ISC West 2021 on July 19-20 in Las Vegas. Key offerings include the Velocity Vision video management system (VMS) and Freedom Cloud access-control-as-a-service (ACaaS). These innovations target sectors like government and healthcare, aiming to enhance security and operational efficiency. Identiv's ACaaS model emphasizes flexibility and cost efficiency, positioning the company as a leader in the evolving digital security landscape.
Identiv (NASDAQ: INVE) announced new orders from Banco Azteca and Ross Stores, signaling growth in its Premises segment. The company recognized over $1.1 million in software license revenue from Banco Azteca to expand surveillance across 400 stores, resuming operations after pandemic interruptions. Additionally, Ross Stores renewed service for its 37,500 cameras, contributing to projected annual revenue of $0.8 - $1.0 million. Identiv expects a 30% year-over-year growth in the Premises segment in Q2 2021, bolstered by strong market recovery.
