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) announced that its Singapore facility is nearing production of over 350 million specialty RFID products by the end of 2023. The company has achieved ISO 9100 and ISO 14001 certifications, bolstering its commitment to quality and environmental management. Identiv has invested significantly in advanced manufacturing and sales capabilities to drive growth in innovative IoT solutions. With the IoT market projected to grow at a ~20% CAGR, Identiv is well-positioned to capture increasing demand for RFID and NFC technologies.
Identiv (NASDAQ: INVE) has partnered with collectID to enhance fan experiences through embedded NFC tags in limited edition Nashville Predators jerseys, honoring goaltender Pekka Rinne. This initiative allows fans to authenticate their jerseys and unlock exclusive content, signifying a significant step in leveraging IoT for engaging brand interactions. The jerseys feature high-security NFC tags that withstand rigorous laundering, reinforcing product authenticity and enabling ongoing fan engagement. This collaboration marks a pioneering move in the NHL to connect physical merchandise with digital experiences.
Identiv, Inc. reported Q1 2022 revenue of $25.1 million, a 13% increase year-over-year. Key factors include a 23% growth in Premises revenue and a 20% rise in RFID unit shipments, totaling 48 million. Gross margins improved to 36%, with a net loss reduced to $1 million. The company maintains a strong balance sheet with $28.7 million in cash and no debt. Backlog for Q2 2022 is up 32% year-over-year. Management expects fiscal 2022 revenues of $130 million to $135 million, indicating a growth of 25%-35%. Identiv is positioned to capitalize on expanding market opportunities.
Identiv, a leader in digital security and identification for IoT, will announce its Q1 2022 financial results on May 4, 2022, after market close. A conference call will take place at 5 PM ET to discuss these results. Interested investors can join via toll-free and international numbers, and a live webcast will also be available. The replay of the call will be accessible until May 18, 2022. Identiv operates in RFID, NFC, and cybersecurity, and is publicly traded under the symbol INVE.
Identiv (NASDAQ: INVE) announced the release of Hirsch Velocity Software version 3.8.4 on April 5, 2022. This update enhances the security management system by enabling networked global integrated operations (IO) and data centricity, significantly improving the software's intelligence. The new features allow panels to operate independently, enhancing reliability during software failures. Additionally, the updated thin web client simplifies access control usage, aligning with a software as a service (SaaS) model. The release is positioned to leverage AI capabilities in physical security.
Identiv, a leader in digital security, will host a virtual investor presentation focusing on RFID technology on April 13, 2022, at 1:00 PM ET. CEO Steven Humphreys, CFO Justin Scarpulla, COO Dr. Manfred Mueller, and VP Amir Khoshniyati will discuss the company's RFID leadership and growth strategies. A Q&A session will follow the presentation. Participants can join via webcast or phone, with details provided in the release. Replay of the presentation will be available until April 13, 2023. For more information, visit identiv.com.
Identiv, Inc. (NASDAQ: INVE) announced that Leigh Dow, its Vice President of Global Marketing, has been recognized by the Security Industry Association and Fast Company for her expertise in marketing and security technology. Dow has also been appointed as Marketing Chair for DoseID and IoT Working Group Secretary for the NFC Forum, promoting RFID technology's adoption. The SIA Women in Security Forum honored her as part of the inaugural Power 100 class, recognizing her contributions to diversity and innovation in the industry.
Identiv, Inc. (NASDAQ: INVE) reported a 19% increase in total fiscal year 2021 revenue, reaching $103.8 million, driven by 23% growth in Identity revenue. Fourth quarter revenue rose 15% year-over-year to $28.5 million, while RFID unit shipments saw a record 36% increase to 185 million units.
Despite a GAAP net loss of $1.9 million in Q4, management anticipates strong growth in 2022, forecasting revenues between $130 million and $135 million. The company maintains a backlog of $30.2 million, indicating robust future demand.
Identiv, Inc. (NASDAQ: INVE) has launched its Secure Authentication Platform, designed to validate high-security near field communication (NFC) tags. This innovative platform enhances consumer interaction by providing a unique user experience through validation services. It targets sectors like luxury goods, healthcare, and specialty retail, enabling functionalities such as anti-counterfeiting and customer feedback collection. The platform’s validation service assures users of their interactions by generating secure content links, while the company reports a strong market demand, with three customer deployments already active.
Identiv (NASDAQ: INVE) is set to release its financial results for Q4 and the fiscal year ended December 31, 2021, on March 2, 2022, after market close. A conference call will be held at 5 PM ET to discuss the results. Interested parties can join via a toll-free number or webcast. Replay details are also provided. Identiv specializes in digital security and identification in the Internet of Things (IoT).
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