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Dec 31, 2024
Identiv Q4 2024 Earnings Report
Identiv reported a decline in revenue and increased losses in Q4 2024.
Key Takeaways
Identiv posted a significant decline in revenue for Q4 2024, with net revenue of $6.7 million, down from $11.3 million in Q4 2023. The company also reported a net loss of $4.3 million and negative gross margin. Operating expenses increased slightly, while the company continues transitioning towards a pure-play IoT solutions provider.
Revenue declined 40.9% YoY to $6.7 million.
GAAP net loss widened to $4.3 million from $3.3 million in Q4 2023.
Negative GAAP gross margin of -14.9%.
Operating expenses increased to $5.6 million from $5.2 million in Q4 2023.
Identiv
Identiv
Forward Guidance
Identiv expects Q1 2025 revenue to be between $4.8 million and $5.1 million.
Positive Outlook
- Company is transitioning to a pure-play IoT solutions provider.
- New strategic partnerships being established.
- Strong progress in Thailand production transition.
- Continued focus on new product development.
- Management aims for long-term shareholder value creation.
Challenges Ahead
- Revenue decline expected to continue in Q1 2025.
- Gross margin remained negative in Q4 2024.
- Operating expenses increased year-over-year.
- Net losses widened compared to Q4 2023.
- Uncertainty in macroeconomic conditions may impact demand.