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 announced a teleconference and webcast scheduled for May 4, 2023, at 5:00 p.m. EDT to discuss its financial results for the first quarter ended March 31, 2023. The results will be released prior to the call and accessible on the Company’s investor relations page. Interested participants can join via toll-free number 888-506-0062 or internationally at 973-528-0011, using Call ID: 904963. A replay will be available until May 18, 2023.
Identiv specializes in digital security and identification solutions, particularly in the Internet of Things (IoT) sector. The Company provides a wide range of services, including RFID and NFC, cybersecurity, and physical access control.
Identiv, a leader in digital security and identification, has launched its bitse.io IoT platform at the Nashville Predators Foundation's WineFest 2023. This initiative allows vendors to create custom mobile menus using NFC tags, enabling attendees to access unique content by tapping their devices at vendor tables. The event aims to support youth and families in the Nashville community, with all proceeds benefiting the Predators Foundation. Identiv's platform integrates various technologies including RFID and BLE for enhanced brand engagement.
VP/GM IoT Business Amir Khoshniyati expressed excitement over this partnership, emphasizing the platform's role in elevating attendee engagement during the fundraiser.
Identiv, a leader in digital security and identification, announced its partnership with French football club ES Troyes AC to implement NFC tags in all jerseys for the 2022-23 season. This collaboration uses collectID's blockchain technology to enhance fan engagement through unique digital IDs. After a successful pilot in May 2022, the initiative provides fans with proof of authenticity, special promotions, and exclusive video content. Each jersey includes a unique encrypted digital certificate for secure authentication, enabling the club to better understand its fan base.
Identiv, Inc. (NASDAQ: INVE) reported a record revenue of $112.9 million for FY 2022, a 9% increase from FY 2021. The company’s fiscal year gross margin was 36.3%, while non-GAAP adjusted EBITDA grew 33% year-over-year to $5.4 million. Backlog increased 16% to $35.0 million, and RFID units shipped surged 28% sequentially. Despite a net loss of $0.4 million for FY 2022, the fourth quarter saw a revenue uptick to $29.0 million. The management anticipates FY 2023 revenues between $125 million and $130 million, signaling continued growth prospects.
Identiv, Inc. (NASDAQ: INVE) has successfully deployed its Hirsch Velocity Software and Velocity Vision VMS at San Diego International Airport (SAN), further enhancing the airport's access control and video management systems. This integration allows for a unified security solution, providing real-time situational awareness across the airport's surveillance infrastructure. With compatibility for over 10,000 camera models, the system aims to streamline security operations while leveraging existing technologies. This development marks a significant advancement in identifying and managing security events effectively at one of the busiest airports in California.
Identiv, Inc. (NASDAQ: INVE) has launched a new Hyperconverged Infrastructure (HCI) solution in collaboration with Scale Computing. This advanced solution integrates virtualization, servers, storage, and backup into a single automated platform, enhancing ease of application management. Key applications include Hirsch Velocity visitor management and Velocity Vision video management system, providing comprehensive situational awareness. The HCI aims to simplify deployments while reducing downtime for customers across various industries. Identiv emphasizes its commitment to innovation, cost reduction, and customer-centric solutions, aiming to streamline security operations.
Identiv, Inc. (NASDAQ: INVE) will host a teleconference and webcast on March 2, 2023, at 5:00 p.m. EST to discuss its financial results for Q4 and fiscal year 2022, ending December 31, 2022. Details will be available in a press release prior to the call on the company’s investor relations website. The teleconference can be accessed via toll-free and international dial-in numbers, and will also be webcasted live. A replay will be available until March 15, 2023. Identiv specializes in digital security and identification within the IoT sector.
FAQ
What is the current stock price of Identive (INVE)?
What is the market cap of Identive (INVE)?
What does Identiv, Inc. do?
What are Identiv's main business segments?
Where does Identiv generate most of its revenue?
What is Identiv Trust Services (ITS)?
Who are Identiv’s key customers?
What is Identiv's motto?
How is Identiv contributing to IoT security?
What kind of solutions does the Premises Segment offer?
Which segment drives most of Identiv’s revenue?
How can I stay updated with Identiv's latest news?
