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Sep 30, 2022
Identiv Q3 2022 Earnings Report
Identiv's Q3 2022 results were released, featuring record quarterly total revenue and growth in total backlog.
Key Takeaways
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.
Total revenue reached a record $31.0 million.
Total backlog grew to $36.9 million, a 31% increase year-over-year.
Premises revenue increased by 14% year-over-year to $11.8 million.
Identity segment revenue was a record $19.2 million.
Forward Guidance
Identiv updated its guidance range for fiscal year 2022, with expected revenues of $112 million to $118 million. Management is updating its guidance to 20% to 25% year-over-year revenue growth in fiscal year 2023.
Positive Outlook
- Expected revenues of $112 million to $118 million for fiscal year 2022.
- Guidance to 20% to 25% year-over-year revenue growth in fiscal year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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