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Sep 30, 2023
Identiv Q3 2023 Earnings Report
Identiv reported record quarterly revenues and increased gross margins and adjusted EBITDA.
Key Takeaways
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.
Third quarter revenue was $31.8 million, up 3% year-over-year, record quarterly revenues.
Q3 2023 GAAP gross margin grew to 37.5%, up 140bps year-over-year; non-GAAP gross margin grew to 39.1%, up 178bps year-over-year.
Non-GAAP adjusted EBITDA was $2.2 million, up 6% year-over-year, highest level in eight quarters.
Record quarterly sales for Premises, growing 15% year-over-year to $13.6 million.
Forward Guidance
Identiv expects fiscal Q4 2023 revenues in the range of $29 million to $31 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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