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Dec 31, 2023
Identiv Q4 2023 Earnings Report
Identiv reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
Key Takeaways
Identiv reported Q4 2023 revenue of $29.0 million. The company ended the quarter with $24.4 million in cash, cash equivalents and restricted cash.
FY 2023 revenue was $116.4 million, up 3% year-over-year.
Ended Q4 2023 with $24.4 million in cash, cash equivalents and restricted cash.
Software, services, and recurring revenues grew to a record 24% of Premises segment revenues in Q4 2023.
Board-led strategic review continued to be a major focus and activity in Q4 2023.
Identiv
Identiv
Forward Guidance
For fiscal Q1 2024, management currently expects net revenues in the range of $22 million to $24 million, with normal seasonality expected to continue.