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Mar 31, 2023
Identiv Q1 2023 Earnings Report
Identiv's Q1 2023 results were announced, featuring record revenue for a fiscal first quarter and stable gross margins year-over-year.
Key Takeaways
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%.
Revenue grew 4% year-over-year to $26.0 million, a fiscal first quarter record.
Premises revenue grew 8% year-over-year to $11.3 million; Identity revenue grew 1% year-over-year to $14.7 million.
GAAP gross margin was 35.4%; non-GAAP gross margin was flat year-over-year at 37.1%.
Ended the quarter with $21.2 million in cash, cash equivalents and restricted cash.
Identiv
Identiv
Identiv Revenue by Segment
Revenue by Segment
Premises Revenue
CapyFin.comIdentity Revenue
CapyFin.com Forward Guidance
Identiv reconfirms its fiscal year 2023 revenue outlook, with net revenues in the range of $125 million to $130 million. Normal seasonality is expected to continue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income