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, Inc. (Nasdaq: INVE) has successfully closed its underwritten public offering, selling 3,779,342 shares of common stock at a price of $10.65 per share, with gross proceeds of approximately $40.25 million. The offering included the underwriters' full option to purchase an additional 492,957 shares. B. Riley Securities acted as the sole book-running manager. The shares were registered under a shelf registration statement effective since March 25, 2021.
Identiv, Inc. (Nasdaq: INVE) announced a public offering of 3,286,385 shares at $10.65 per share, expecting to raise approximately $35.0 million before expenses. The offering is set to close around April 12, 2021, pending customary conditions. Additionally, underwriters have a 30-day option to purchase up to 492,957 extra shares. The offering is managed by B. Riley Securities with support from Lake Street Capital and Northland Capital. A shelf registration statement was effective as of March 25, 2021, with further details available from B. Riley's Prospectus Department.
Identiv (Nasdaq: INVE) announced plans for an underwritten public offering of common stock. The shares will be sold solely by Identiv, and underwriters may purchase an additional 15% within 30 days. The offering is subject to market conditions, with no assurance on completion or terms. B. Riley Securities leads the offering, with Lake Street Capital Markets and Northland Capital as co-managers. A shelf registration was filed with the SEC, effective March 25, 2021. This announcement does not constitute an offer to sell securities.
Identiv, Inc. (NASDAQ: INVE) has been awarded "Supplier of the Year" by Schreiner Group GmbH for its innovative RFID devices used in medical applications, including those related to COVID-19. This recognition marks the first time a supplier of RFID technology has received this honor, highlighting Identiv's 95 out of 100 compliance score. The partnership has lasted over 15 years, with millions of RFID devices deployed in Europe. This accolade acknowledges the critical role of authentication products during the pandemic, emphasizing Identiv's commitment to quality and service.
Identiv, Inc. (NASDAQ: INVE) reported a 31% increase in fourth-quarter revenue, reaching $24.8 million, with RFID revenue surging over 100% year-over-year. The Identity segment revenue grew 53% to $15.8 million. The company ended Q4 2020 with a backlog of $10.5 million, up 121% year-over-year. Despite a GAAP net loss of $0.7 million, non-GAAP adjusted EBITDA rose to $1.4 million. For FY 2020, total revenue increased 4% to $86.9 million. The company expects revenue growth of 20-25% in H1 2021 and raised its revenue guidance to a low-end of $100 million.
Identiv, Inc. (NASDAQ: INVE) announced it will release its fourth-quarter and fiscal year financial results for 2020 after market close on March 4, 2021. A conference call and webcast is scheduled for the same day at 5 PM ET to discuss these results. Investors can call in to participate, and a replay of the call will be available until March 18, 2021. Identiv specializes in digital security and identification technologies, including RFID, NFC, and cybersecurity solutions.
Identiv (NASDAQ: INVE) announced positive amendments to its short-term debt arrangements, including a two-year extension of its loan with East West Bank. The changes feature lower interest rates starting at prime + 25bps and an increase in the total facility from $20 million to $24 million. Additionally, the maturity of a note with 21 April Fund has been modified, providing interest-free access to capital until March 31, 2021. These developments are expected to enhance Identiv's working capital, supporting anticipated growth in 2021.
Identiv (NASDAQ: INVE) announced preliminary 4th quarter 2020 revenue between $24.6M and $24.8M, reflecting a 30% year-over-year growth. The company reported a 100% increase in RFID revenue for the second consecutive quarter and a positive cash flow from operations of $3.4M to $3.6M. With a backlog of $10.5M for Q1 2021, up 121% year-over-year, Identiv is optimistic about achieving 20%-25% growth in the first half of 2021. Management highlighted significant operational milestones and plans to focus on recurring revenues and expanding federal market presence.
Identiv, Inc. (NASDAQ: INVE) has appointed Leigh Dow as Vice President of Marketing as part of its strategic transformation. Dow, who brings a wealth of experience from senior marketing positions at Honeywell and Intel, aims to enhance Identiv’s position in security and identity solutions. Her extensive background in brand development and marketing will be crucial as the company navigates a pivotal moment in the security market. Dow's appointment underscores Identiv's commitment to diversity and innovation, as she becomes the first woman to hold this role.
Identiv, Inc. (NASDAQ: INVE) has strengthened its balance sheet by repaying its term debt ahead of schedule, including a $4.5 million loan from East West Bank and a $1.2 million promissory note to 21 April Fund LP. These repayments were enabled by a significant year-over-year increase in RFID revenues, which more than doubled in Q3 2020. The company anticipates continued RFID growth in Q4 2020 and into 2021, positioning itself for sustained operational growth.
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