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Dec 31, 2022
Identiv Q4 2022 Earnings Report
Estimated Revenue:$27.3M
+10.1% YoY
Estimated EPS:-$0.0101
133.6% YoY
Key Takeaways
Identiv reported a 2% increase in revenue for Q4 2022, reaching $29.0 million. The company's GAAP net income was $0.3 million, or $0.00 per basic and diluted share, and non-GAAP adjusted EBITDA grew to $1.7 million. The company shipped 58 million RFID units and exited the quarter with a total backlog of $35.0 million, up 16% year-over-year.
Q4 2022 revenue grew to $29.0 million, a 2% increase year-over-year.
Q4 2022 GAAP gross margin was 36.5%, while non-GAAP gross margin improved to 37.9%.
Q4 2022 GAAP net income was $0.3 million, or $0.00 per basic and diluted share.
Q4 2022 non-GAAP adjusted EBITDA grew to $1.7 million.
Forward Guidance
Identiv expects fiscal year 2023 revenues in the range of $125 million to $130 million, anticipating normal seasonality to continue.
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