Identiv, Inc. operates as a security technology company that secures data, physical places, and things in the Americas, Europe, the Middle East, and the Asia-Pacific. It operates in two segments, Premises and Identity. The Premises segment offers solutions for premises security market, such as access control, video surveillance, analytics, audio, access readers, and identities to government facilities, schools, utilities, hospitals, stores, shops, and apartment buildings. The Identity segment provides products and solutions that enables secure access to information serving the logical access and cyber security markets, protecting connected objects, and information using radio-frequency identification embedded security. It sells its products through dealers, systems integrators, value added resellers, and resellers. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.
IPO Year:
Exchange: NASDAQ
Website: identiv.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
6/26/2023 | $10.00 → $11.00 | Neutral → Buy | B. Riley Securities |
11/3/2022 | Outperform → Market Perform | Northland Capital | |
11/3/2022 | $19.00 → $12.00 | Buy → Neutral | B. Riley Securities |
4/25/2022 | $20.00 | Buy | Craig Hallum |
$145 Million Transaction Receives Final Remaining Regulatory Approval Transaction Expected to Close Within 30 Days Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today announced that the Committee on Foreign Investment in the United States ("CFIUS") has approved the Company's transaction to sell its physical security, access card, and identity reader operations and assets (the "Physical Security Business") to Vitaprotech, a security solutions provider. Identiv submitted notice of the proposed transaction to the U.S. government on May 9, 2024. Pursuant to Section 721 of the Defense Production Act of 1950, as amended, CF
Transformative $145 Million Agreement Approved by Stockholders on June 28; On Track to Close in Q3 2024, Subject to Regulatory Approval IoT Strategic Growth and Go-to-Market Plan Advances; Conclusion Expected in Q4 2024 Thailand Production Facility Earns ISO 9001:2015 and ISO 14001:2015 Certifications Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today released its financial results for the second quarter ended June 30, 2024. Status of Asset Sale Transaction On April 2, 2024, Identiv entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and as
Identiv, Inc. (NASDAQ:INVE), a global leader in digital security and identification in the Internet of Things (IoT), will hold a teleconference and webcast on Thursday, August 8, 2024, at 5:00 PM EDT to discuss its financial results for the second quarter ended June 30, 2024. Financial results will be published in a press release prior to the call and available in the investor relations section of the Company's website. Second Quarter 2024 Earnings Teleconference Details Date: Thursday, August 8, 2024 Time: 5:00 PM EDT (2:00 PM PDT) Toll-Free: +1 888-506-0062 International Number: +1 973-528-0011 Call ID: 242005 The teleconference will also be webcast. To register for the live webcast o
Integration of Omnilert Gun Detect into Velocity Vision Ecosystem delivers a comprehensive security solution for schools, workplaces, and healthcare facilities Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), is proud to announce a strategic partnership with Omnilert, a leading provider of AI visual gun detection technology. Through this partnership, Identiv became a reseller of Omnilert Gun Detect, integrating its advanced gun detection capabilities into the Velocity Vision Ecosystem to significantly enhance safety monitoring across a variety of sites, including educational institutions, corporate offices, healthcare facili
Over 96% of Shares Voting at Annual Meeting Support Board-Proposed Strategic Transaction Company Poised to Close Strategic Transaction in Third Quarter of 2024, Securing Capital to Invest in the Growth of its IoT Solutions Business Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today announced that its stockholders approved the asset sale transaction with Vitaprotech, a security solutions provider, at the Company's Annual Meeting held on June 28, 2024. The Company sought stockholder approval of the asset sale. Approximately 96% of shares voted were voted ‘FOR' the asset sale proposal. Approximately 72% of the Company's
Identiv, Inc. (NASDAQ:INVE), a global technology leader specializing in advanced Internet of Things (IoT) solutions, today announced that its radio frequency identification (RFID) and Bluetooth Low-Energy (BLE) device production facility in Thailand has earned the ISO 9001:2015 Quality Management System and ISO 14001:2015 Environmental Management System certifications, affirming its adherence to world-class quality management and environmental sustainability standards. Achieving ISO certification is a major milestone for a facility that has been in operation for less than 12 months. These certifications from the International Standards Organization (ISO) confirm that Identiv's operations
Signed Transformative $145 Million Agreement on April 2, 2024; Expected Closing in Q3 FY 2024, Subject to Approvals New President, IoT Solutions Joins Identiv; Will Become CEO Post-Close of Transaction Gross Margins Expand to Highest Levels since Q3 2021 Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today released its financial results for the first quarter ended March 31, 2024. Recent Financial and Operational Highlights Concluded strategic review with announcement of $145 million asset purchase agreement (APA) transaction with security solutions provider Vitaprotech; transaction expected to close in Q3 2024, su
Identiv, Inc. (NASDAQ:INVE), a global leader in digital security and identification in the Internet of Things (IoT), will hold a teleconference and webcast on Wednesday, May 8, 2024 at 5:00 PM EDT to discuss its financial results for the first quarter ended March 31, 2024. Financial results will be published in a press release prior to the call and available in the investor relations section of the Company's website. First Quarter 2024 Earnings Teleconference Details Date: Wednesday, May 8, 2024 Time: 5:00 PM EDT (2:00 PM PDT) Toll-Free: +1 877-545-0523 International Number: +1 973-528-0016 Call ID: 243006 The teleconference will also be webcasted. To register for the live webcast or
Ms. Newquist's Background Ideal to Drive Growth of Identiv's Leading Specialty IoT Solutions Business Company Focused on Digital Transformation of Global Healthcare Market and Related Segments Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today announced that Kirsten Newquist, a proven corporate leader with nearly 30 years' experience in building successful businesses, has joined the company as President, IoT Solutions. Ms. Newquist will assume the role of CEO of Identiv upon closing of the company's recently announced transaction with security solutions provider Vitaprotech. Ms. Newquist's broad professional backgrou
IoT leader invites customers, partners, and investors to connect at booth 409 at the world's largest RFID industry show Identiv, Inc. (NASDAQ:INVE), Internet of Things (IoT) technology leader and innovator, announced that its IoT team will showcase their latest RFID-enabled specialty IoT solutions at RFID Journal LIVE! 2024 in Las Vegas, Nev., on April 9 - 11, 2024. LIVE! is the world's largest conference and exhibition focused on RFID and related technologies. Identiv continues to drive innovation, deliver excellence, and shape the future of IoT. Throughout 2023, Identiv solidified its reputation as a technology and thought leader in the RFID industry while it transitioned to more comp
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Achieving ISO certification is a major milestone for a facility that has been in operation for less than 12 months. These certifications from the International Standards Organization (ISO) confirm that Identiv's operations in Thailand meet the rigorous requirements for both quality and environmental responsibility across its materials, products, processes, and services. Further, the strong industry expertise of Identiv's operations team facilitated the accelerated timeline for earning ISO certification. Identiv's Singapore facility recently renewed its ISO 9001 and ISO 14001 certifications through 2026.
Craig-Hallum analyst Anthony Stoss maintains Identiv (NASDAQ:INVE) with a Buy and lowers the price target from $9 to $8.
Identiv (NASDAQ:INVE) reported quarterly losses of $(0.21) per share which missed the analyst consensus estimate of $(0.14) by 50 percent. This is a 61.54 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $22.494 million which missed the analyst consensus estimate of $23.000 million by 2.20 percent. This is a 13.47 percent decrease over sales of $25.997 million the same period last year.
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FREMONT, Calif., Oct. 19, 2022 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), today announced the appointment of Laura Angelini and Richard Kuntz, MD, MSc. to its Board of Directors. Both Directors bring unique medical industry expertise to the Board, an industry that is recognized as one of the largest global market opportunities for Identiv IoT products and services. The new board members' experience managing disciplined, global operations for large, multinational healthcare companies, and integrating leading edge technology into their operational processes, will be strategically invaluable to Identiv's
FREMONT, Calif., Dec. 06, 2021 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), a global leader in digital security and identification in the Internet of Things (IoT), today announced Amir Khoshniyati as General Manager and Vice President, Transponder Business. Mr. Khoshniyati is responsible for the company's global radio frequency identification (RFID) technology solutions business. The appointment reinforces Identiv's high-momentum growth and success in the RFID segment across several industries, including healthcare, mobility, and smart packaging. Mr. Khoshniyati joined Identiv in August 2021 as Vice President of Business Development, Americas. He brings exceptional global experience a
FREMONT, Calif., Dec. 2, 2021 /PRNewswire/ -- Identiv, Inc. (NASDAQ:INVE), a global leader in digital security and identification in the Internet of Things (IoT), today announced Justin Scarpulla will be appointed as Chief Financial Officer effective December 6, 2021. Strategic SpaceX and Semiconductor Industry Financial Leader Joins Identiv to Lead Company GrowthMr. Scarpulla brings more than 25 years of financial leadership experience to Identiv. He joins Identiv from SpaceX, which designs, manufactures, and launches advanced rockets and spacecraft, as well as operating the
FREMONT, Calif., Aug. 2, 2021 /PRNewswire/ -- Identiv, Inc. (NASDAQ:INVE), a global leader in digital identification and security, today announced the addition of Amir Khoshniyati as Vice President of Business Development, Americas for the company's radio frequency identification (RFID) technology solutions. Khoshniyati's appointment to this newly created role is part of the company's investment in growing its RFID sales team by 50% by the end of 2021. Experienced NFC, IoT, and Digital Identity Exec Amir Khoshniyati Joins Identiv as VP, Business Development, Americas Khoshniy
FREMONT, Calif., Jan. 26, 2021 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in digital identification and security, today announced the addition of Leigh Dow as Vice President of Marketing. Dow's appointment to this newly created role is part of the company's ongoing transformation to become the leading provider of security and identity solutions that make the world safer and smarter. She reports directly to Identiv's CEO Steven Humphreys. Leigh Dow, VP of Marketing, Identiv Media, marketing, technology executive Leigh Dow architects the future of Identiv's business-enabling marketing function Tweet this Dow brings exceptional experience across a
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Record Fiscal Year Revenues of $116.4 million Delivered $4.8 million in Cash Flow from Operations in Fourth Quarter 2023 Secured Second Facility in Thailand for Future RFID Production Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today released its financial results for the fourth quarter and fiscal year ended December 31, 2023. Recent Financial and Operational Highlights 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. Maintained a strong working capital position of $48.7 million exiting the fourth quarter. Federal bil
Record Quarterly Revenues of $31.8 million Premises Revenues Grew 15% Year-over-Year; RFID Units Shipped Increased 18% Year-over-Year Gross Margins and Non-GAAP Adjusted EBITDA Expand to Highest Levels since Q3 2021 Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today reported its financial results for the third quarter ended September 30, 2023. Recent Financial and Operational Highlights Third quarter revenue was $31.8 million, up 3% year-over-year, record quarterly revenues. Q3 2023 GAAP gross margin grew to 37.5%, up 140bps year-over-year; non-GAAP gross margin grew to 39.1%, up 178bps year-over-year. Non
Record Revenue for a Fiscal Second Quarter, with Strong Gross Margins Year-over-Year Generated Net Operating Cash and Non-GAAP Positive Free Cash Flow RFID Production Facility in Thailand Fully Operational Identiv, Inc. (NASDAQ:INVE), a global digital security and identification leader in the Internet of Things (IoT), today reported its financial results for the second quarter ended June 30, 2023. Recent Financial and Operational Highlights Second quarter revenue grew 6% year-over-year to $29.6 million, a fiscal second quarter record. Premises revenue grew 8% year-over-year to $11.9 million; Identity revenue grew 5% year-over-year to $17.7 million. Q2 2023 GAAP gross margin
Record Revenue for a Fiscal First Quarter, with Stable Gross Margins Year-over-Year Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), today reported its financial results for the first quarter ended March 31, 2023. Recent Financial and Operational Highlights First quarter revenue grew 4% year-over-year to $26.0 million, a fiscal first quarter record. Premises revenue grew 8% year-over-year to $11.3 million; Identity revenue grew 1% year-over-year to $14.7 million. GAAP gross margin in Q1 2023 was 35.4%; non-GAAP gross margin in the first quarter was flat year-over-year at 37.1%. Shipped 10 million units of Wiliot'
FY 2022 Revenue was a Record $112.9 Million Total Backlog Grew 16% Year-Over-Year to $35.0 Million FY 2022 Revenue from Premises Up 17% Year-Over-Year to $45.5 Million RFID Units Shipped Grew 28% Sequentially Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), reported financial results for the fourth quarter and fiscal year ended December 31, 2022, reflecting record levels of fiscal year revenue and adjusted EBITDA with year-over-year margin growth. Fiscal Year 2022, Fourth Quarter 2022, and Recent Financial and Operational Highlights Fiscal year 2022 revenue was a record $112.9 million; fourth quarter revenue grew to $29.
Record Quarterly Total Revenue at $31.0 Million Total Backlog Grew to $36.9M, up 31% Year-Over-Year RFID Units Shipped Grew 17% Year-Over-Year Premises Up 14% Year-Over-Year, Much Faster than Industry Average Growth FREMONT, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), reported financial results for the third quarter ended September 30, 2022, reflecting record levels of revenue in both business segments and total backlog for future shipments. Third Quarter 2022 and Recent Financial and Operational Highlights Third quarter total revenue grew to $31.0 million, a new record for
FREMONT, Calif., Oct. 24, 2022 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), will release its financial results for the third quarter, ended September 30, 2022, after the market close on Wednesday, November 2, 2022. Management will hold a conference call and webcast on that day at 5:00 PM ET (2:00 PM PT) to review and discuss the company's results for the third quarter 2022. Date: Wednesday, November 2, 2022Time: 5:00 PM ET (2:00 PM PT)Toll-Free Number: +1 877-545-0523International Number: +1 973-528-0016Call ID: 108005Webcast: Register and Join Please call the conference telephone number 5 - 10 minutes
RFID Revenue Grew 41% Year-Over-Year Premises Grew 19% Year-Over-Year, More than Three Times the Industry Average Total Revenue Increases 16% Year-Over-Year GAAP Gross Profit Margin Expansion +87 bps Sequentially to 37% Non-GAAP Gross Profit Margin Expansion +97 bps Sequentially to 38% FREMONT, Calif., Aug. 03, 2022 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), reported financial results for the second quarter ended June 30, 2022, reflecting the company's continued leadership in specialty RFID applications for the IoT sector. Second Quarter 2022 and Recent Financial and Operational Highlights RFID
FREMONT, Calif., July 20, 2022 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), global digital security and identification leader in the Internet of Things (IoT), will release its financial results for the second quarter, ended June 30, 2022, after the market close on Wednesday, August 3, 2022. Management will hold a conference call and webcast on that day at 5 PM ET (2 PM PT) to review and discuss the company's results for the second quarter 2022. Date: Wednesday, August 3, 2022Time: 5 PM ET (2 PM PT)Toll-Free Number: +1 877.545.0523International Number: +1 973.528.0016Call ID: 891291Webcast: Register and Join Please call the conference telephone number 5 - 10 minutes prior to the start
Total Revenue Increases 13% Year-Over-Year Gross Margin expansion +275 bps sequentially RFID Unit Shipments Up 20% Year-Over-Year 23% Year-over-Year Growth in Premises Driven by share gains in Commercial market FREMONT, Calif., May 04, 2022 (GLOBE NEWSWIRE) -- Identiv, Inc. (NASDAQ:INVE), a global leader in digital security and identification in the Internet of Things (IoT), reported financial results for the first quarter ended March 31, 2022, validating its growth strategy for advanced RFID solutions and the robust demand for its security products from government and commercial customers. First Quarter 2022 and Recent Financial and Operational Highlights First quarte
B. Riley Securities upgraded Identiv from Neutral to Buy and set a new price target of $11.00 from $10.00 previously
Northland Capital downgraded Identiv from Outperform to Market Perform
B. Riley Securities downgraded Identiv from Buy to Neutral and set a new price target of $12.00 from $19.00 previously
Craig Hallum initiated coverage of Identiv with a rating of Buy and set a new price target of $20.00
B. Riley Securities initiated coverage of Identiv with a rating of Buy and set a new price target of $21.00
Northland Securities resumed coverage of Identiv with a rating of Buy and set a new price target of $13.00