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Jun 30, 2025
Identiv Q2 2025 Earnings Report
Identiv reported a decrease in revenue and an increase in net loss for the second quarter of 2025, primarily due to lower sales from exiting lower-margin businesses and transition costs.
Key Takeaways
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.
Revenue for Q2 2025 was $5.0 million, a decrease from $6.7 million in Q2 2024, primarily due to exiting lower-margin businesses and reduced sales to a major customer.
GAAP gross margin was (9.4%) and non-GAAP gross margin was (0.8%), significantly lower than the previous year, mainly due to production transition costs to Thailand and obsolete inventory adjustments.
GAAP net loss from continuing operations was ($6.0) million, or ($0.26) per share, an improvement from ($6.9) million, or ($0.31) per share, in Q2 2024, driven by a reduction in strategic review-related costs.
Non-GAAP adjusted EBITDA loss increased to ($4.6) million from ($3.7) million in the prior year, impacted by Thailand transition costs and obsolete inventory adjustments.
Forward Guidance
For the third quarter of fiscal 2025, Identiv management expects net revenue to be in the range of $4.8 million to $5.2 million.
Positive Outlook
- Strategic partnership with Grocery Logistics Leader IFCO to digitize their global RPC pool.
- Completed transfer of production from Singapore to a state-of-the-art Thailand facility.
- Launched partnership with Narravero to accelerate digital product passport adoption and compliance.
- Reinforcing core strengths and expanding through new strategic partnerships.
- Developing innovative solutions for BLE applications.
Challenges Ahead
- Expected net revenue for Q3 2025 is lower than Q2 2025 revenue.
- Continued impact from exiting lower-margin businesses.
- Reduced sales to largest customer due to safety stock built up in 2024.
- Ongoing costs related to the transition of production to Thailand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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