Identiv's Q3 2025 revenue declined year-over-year, reflecting a strategic exit from lower-margin business. Despite the reduced top line, gross margin improved significantly due to operational efficiencies from production relocation to Thailand. The company also lowered operating expenses and narrowed its net loss.

Identiv, Inc. experienced a challenging second quarter in 2025, with revenue decreasing to $5.0 million from $6.7 million in the prior year. The company reported a net loss of $6.0 million, or ($0.26) per basic and diluted share, compared to a net loss of $6.2 million, or ($0.27) per basic and diluted share, in the second quarter of 2024. The decline was attributed to lower sales from exiting lower-margin businesses, reduced sales to a major customer, and increased costs associated with the transition of production to Thailand and adjustments for obsolete inventory.

Identiv posted a significant decline in revenue for Q4 2024, with net revenue of $6.7 million, down from $11.3 million in Q4 2023. The company also reported a net loss of $4.3 million and negative gross margin. Operating expenses increased slightly, while the company continues transitioning towards a pure-play IoT solutions provider.

Identiv reported a decrease in revenue for the third quarter of 2024, alongside a GAAP net loss. The company completed an asset sale transaction and announced a stock repurchase program. They also introduced a new strategy framework.

Identiv reported Q2 2024 results with revenue from continuing operations at $6.7 million. The company is progressing with its asset sale transaction, expected to close in Q3 2024, and focusing on growing its IoT solutions business. The sale will bring in $145 million.

Identiv reported Q1 2024 revenue of $22.5 million, with GAAP gross margin at 37.3% and non-GAAP gross margin at 39.9%. The company signed a definitive agreement on April 2 to sell its physical security business for $145 million and welcomed Kirsten Newquist as President of IoT Solutions.

Identiv reported Q4 2023 revenue of $29.0 million. The company ended the quarter with $24.4 million in cash, cash equivalents and restricted cash.

Identiv reported record quarterly revenue of $31.8 million, a 3% increase year-over-year. The company's GAAP gross margin grew to 37.5%, and non-GAAP adjusted EBITDA was $2.2 million, up 6% year-over-year.

Identiv reported a 6% year-over-year increase in revenue, reaching $29.6 million, a record for the second quarter. The company's GAAP gross margin was 36.7%, with a non-GAAP gross margin of 38.2%. Identiv also generated positive free cash flow and ended the quarter with $22.2 million in cash, cash equivalents and restricted cash.

Identiv reported a 4% year-over-year increase in revenue to $26.0 million for Q1 2023, marking a record for a fiscal first quarter. The company's GAAP gross margin was 35.4%, with a non-GAAP gross margin of 37.1%.

Identiv reported a 2% increase in revenue for Q4 2022, reaching $29.0 million. The company's GAAP net income was $0.3 million, or $0.00 per basic and diluted share, and non-GAAP adjusted EBITDA grew to $1.7 million. The company shipped 58 million RFID units and exited the quarter with a total backlog of $35.0 million, up 16% year-over-year.

Identiv reported record quarterly revenue of $31.0 million, a 7% increase year-over-year. The company's total backlog grew to $36.9 million, up 31% year-over-year. Supply shortages impacted Identity revenues by nearly $5.0 million.

Identiv reported a 16% year-over-year increase in total revenue, reaching $27.9 million in Q2 2022. The company saw substantial growth in RFID revenue (41%) and Premises revenue (19%). GAAP gross profit margin was 37%, and non-GAAP gross profit margin was 38%. The company ended the quarter with a total backlog of $34.2 million, up 23% year-over-year.

Identiv reported a 13% year-over-year increase in revenue to $25.1 million for Q1 2022. The company saw growth in both its Identity and Premises segments, with Premises leading at 23%. Gross margins improved, and the company maintains a strong balance sheet with $28.7 million in cash and no debt.

Identiv reported a 15% increase in revenue for the fourth quarter of 2021, reaching $28.5 million. The company's Identity segment grew by 11%, while the Premises segment saw a 22% increase. However, the company experienced a net loss of $1.9 million, impacted by a bad debt expense of $2.3 million related to aged accounts receivables.

Identiv reported a record revenue of $29.1 million, a 17% increase year-over-year, driven by a 21% increase in the Identity segment. The company generated a net income of $2.5 million, or $0.09 per diluted share, and non-GAAP adjusted EBITDA of $3.2 million. All outstanding debt was retired, and the company ended the quarter with $29.2 million in cash.

Identiv reported a 26% year-over-year increase in total revenue, reaching $24.0 million, with RFID revenue growing by 39%. The company achieved GAAP net income of $2.5 million, or $0.09 per diluted share, and non-GAAP adjusted EBITDA of $1.2 million.

Identiv reported a 22% increase in total revenue year-over-year, reaching $22.2 million, driven by a 59% increase in RFID revenue. The company also decreased GAAP operating expenses by 5% and improved profitability with a GAAP net loss of $1.5 million and non-GAAP adjusted EBITDA of $0.4 million.

Identiv reported a 31% increase in revenue for Q4 2020, driven by strong growth in RFID and Identity segments. The company's profitability improved, and it exited the quarter with a significant backlog for Q1 2021.

Identiv reported a 30% sequential increase in revenue to $24.9 million in Q3 2020. RFID revenue grew over 100% year-over-year. The company achieved GAAP net income of $0.4 million and non-GAAP adjusted EBITDA of $2.8 million.

Identiv's Q2 2020 results showed a 14% decrease in revenue compared to Q2 2019, with a net loss of $2.7 million. However, there was sequential growth in the Identity segment and overall revenue. The company is on track to return to positive cash flow from operations by the end of the year.

Identiv reported a decrease in revenue for the first quarter of 2020, with revenue decreasing by 7% compared to Q1 2019. However, the company saw an increase in recurring revenue and improved gross margins. The company also highlighted strong demand for smart card readers and RFID business.

Identiv reported a decrease in revenue for Q4 2019, amounting to $19.0 million, an 11% decrease compared to Q4 2018. The company experienced a GAAP net loss attributable to Identiv, Inc. of $(1.8) million, compared to a net income of $630,000 in Q4 2018. Non-GAAP adjusted EBITDA totaled $0.2 million, compared to $3.1 million in the same quarter of the previous year.