Identiv Q4 2019 Earnings Report
Key Takeaways
Identiv reported a decrease in revenue for Q4 2019, amounting to $19.0 million, an 11% decrease compared to Q4 2018. The company experienced a GAAP net loss attributable to Identiv, Inc. of $(1.8) million, compared to a net income of $630,000 in Q4 2018. Non-GAAP adjusted EBITDA totaled $0.2 million, compared to $3.1 million in the same quarter of the previous year.
Revenue for the fourth quarter of 2019 was $19.0 million, an 11% decrease year-over-year.
Premises segment revenue decreased 3% year-over-year to $8.6 million.
Identity segment revenue decreased 17% year-over-year to $10.3 million.
GAAP net loss attributable to Identiv, Inc. was $(1.8) million, compared to a net income of $630,000 in the fourth quarter of 2018.
Identiv
Identiv
Identiv Revenue by Segment
Forward Guidance
The Company expects revenue to be between $86.0 million and $90.0 million, non-GAAP adjusted EBITDA to be between $10.0 million and $11.0 million, and non-GAAP adjusted net income to be between $2.0 million and $3.0 million, and earnings per basic share to range between $0.06 and $0.12. The Company also anticipates positive GAAP net cash from operations and non-GAAP free cash flow for the full year 2020.
Positive Outlook
- Revenue to be between $86.0 million and $90.0 million.
- Non-GAAP adjusted EBITDA to be between $10.0 million and $11.0 million.
- Non-GAAP adjusted net income to be between $2.0 million and $3.0 million.
- Earnings per basic share to range between $0.06 and $0.12.
- Anticipates positive GAAP net cash from operations and non-GAAP free cash flow for the full year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income