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Sep 30, 2024
Identiv Q3 2024 Earnings Report
Identiv's third quarter was marked by the completion of an asset sale, strengthening the company's cash position and providing resources for future growth.
Key Takeaways
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.
Completed asset sale transaction, strengthening cash position.
Announced a $10 million stock repurchase program.
Introduced Perform-Accelerate-Transform strategy framework.
Revenue decreased compared to the same quarter last year.
Identiv
Identiv
Forward Guidance
For fiscal Q4 2024, management currently expects net revenue to be in the range of $6.0 million to $6.3 million.