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Dec 31, 2020
Identiv Q4 2020 Earnings Report
Identiv's Q4 2020 revenue increased by 31% year-over-year, with RFID revenue growing over 100%. The company improved profitability with a GAAP net loss of $0.7 million and a non-GAAP adjusted EBITDA of $1.4 million.
Key Takeaways
Identiv reported a 31% increase in revenue for Q4 2020, driven by strong growth in RFID and Identity segments. The company's profitability improved, and it exited the quarter with a significant backlog for Q1 2021.
Total revenue grew 31% year-over-year to $24.8 million.
RFID grew over 100% year-over-year for the second consecutive quarter.
Improved profitability over prior year comparable period in both GAAP net loss at $0.7 million and non-GAAP adjusted EBITDA at $1.4 million.
Exited the fourth quarter of 2020 with backlog for Q1 2021 of $10.5 million, up 121% compared to the same time last year.
Identiv
Identiv
Identiv Revenue by Segment
Revenue by Segment
Premises Revenue
CapyFin.comIdentity Revenue
CapyFin.com Forward Guidance
Identiv is raising the low end of expected revenues from prior guidance of $96 million to a new low end of $100 million. Management anticipates growth of 20-25 % in the first half of 2021.
Positive Outlook
- Total orders booked in 2021 through mid-February were 60% higher than the same period in 2020.
- The company is raising the low end of expected revenues from prior guidance of $96 million to a new low end of $100 million.
- Management anticipates growth of 20-25 % in the first half of 2021.
- Normal seasonality is expected to continue with momentum building quarter over quarter from the first quarter of 2021 through the end of the year.
- The company believes the business is on track for a solid 2021 that may exceed revenue projections from last November.
Revenue & Expenses
Visualization of income flow from segment revenue to net income