US Market News
3週前
Identiv Launches ID-Pixels™ 3.0 to Enable Scalable, Battery-Free Intelligence Across Physical Supply ChainsJune 1, 2026 7:00 AM
PR Newswire (US) Built on Wiliot's Gen3 IC, the new BLE-enabled smart label delivers real-time sensing and continuous visibility to power Physical AI supply chain applicationsSANTA ANA, Calif., June 1, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, today announced ID-Pixels™ 3.0, a family of next-generation Bluetooth Low Energy (BLE) inlays and labels. Built on Wiliot's Gen3 IC, ID-Pixels 3.0 enables organizations to continuously sense, track, and understand the state of goods across complex supply chains. The launch represents the latest milestone in Identiv's partnership with Wiliot. Since forming the partnership in 2022, the two companies have worked closely in manufacturing and supplying Wiliot's IoT Pixels. ID-Pixels 3.0, built on Wiliot's third-generation IC, is the latest result of this collaboration – bringing enhanced performance, scalability, and sensing capabilities to market.As enterprises move toward more transparent, automated supply chains, the ability to capture continuous, real-world data from physical assets has become foundational. ID-Pixels 3.0 addresses this need by transforming products into connected, intelligent assets – unlocking the real-time data required to power Physical AI applications and drive faster, more informed supply chain decisions."Identiv was an early manufacturer of Wiliot-based BLE labels at scale, and ID-Pixels 3.0 builds on that foundation with a battery-free, cost-efficient solution for mass deployment," said Dr. Manfred Mueller, COO of Identiv. "Combining BLE, sensing, and a unique digital identity in a single label, it enables real-time visibility and condition monitoring across physical supply chains."A new standard for battery-free, real-time sensingID-Pixels 3.0 is designed for high-volume, real-world deployments across industries including retail, logistics, pharmaceuticals, food, and smart packaging. The label combines a compact form factor, energy harvesting, and integrated sensing to deliver continuous data without the cost and maintenance of batteries.The self-adhesive label, approximately 33 mm x 60 mm, harvests energy from ambient Bluetooth and UHF signals, eliminating the need for batteries while enabling scalable deployment across millions of items. Each label is encoded with a unique digital ID and can capture key data points such as location, temperature, humidity, and light – providing persistent visibility into the condition and movement of goods.By integrating with the Wiliot Physical AI platform, ID-Pixels 3.0 allows this continuous stream of sensor data to be translated into actionable insights – supporting applications such as automated inventory tracking, shipment verification, asset tracking, and cold-chain monitoring.From connected items to Physical AI systemsBuilt on Wiliot's Gen3 IC, ID-Pixels 3.0 benefits from significant advances in performance, cost efficiency, and sensing capabilities. The new label enables richer, higher-fidelity data capture and supports continuous data flow from physical assets into enterprise systems – establishing the foundation for Physical AI-driven operations."When we introduced our IoT Pixels, Identiv became an important part of the broader ecosystem bringing this technology to market," said Amir Khoshniyati, Vice President at Wiliot. "With the recently released Gen3 capabilities, coupled with our Physical AI platform, we're building on that collaboration to expand the availability of tags and strengthen the ecosystem – ensuring we can meet growing market demand and enable enterprises to digitize their supply chains with continuous, real-time intelligence."ID-Pixels 3.0 is available as part of Identiv's ID-Pixels product family, with options for labels and inlays designed to support a range of deployment models and integration requirements.For more information about Identiv's ID-Pixels product family or other IoT solutions, please visit our Product Finder or contact sales@identiv.comAbout IdentivIdentiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @IdentivMedia ContactSamantha Bryton
samantha@griffin360.com View original content to download multimedia:https://www.prnewswire.com/news-releases/identiv-launches-id-pixels-3-0-to-enable-scalable-battery-free-intelligence-across-physical-supply-chains-302786155.htmlSOURCE Identiv Original: Identiv Launches ID-Pixels™ 3.0 to Enable Scalable, Battery-Free Intelligence Across Physical Supply Chains
US Market News
1月前
Identiv Reports First Quarter 2026 Financial Results, Exceeds Q1 GuidanceMay 13, 2026 4:05 PM
PR Newswire (US) Perform-Accelerate-Transform Strategy Continued to Drive Momentum in Sales Growth and Execution of Strategic Development ProgramsSANTA ANA, Calif., May 13, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, today released its financial results for the first quarter of 2026."During the recent quarter, I am pleased to share that we delivered results that exceeded our guidance and expectations. Our financial performance reflects strong demand from our customers at the start of the year and our ability to convert our opportunity pipeline into sales," said Identiv CEO Kirsten Newquist. "Our Perform-Accelerate-Transform (P-A-T) strategy continued to drive our momentum in the first quarter and positions us well as we focus on the execution of our most important development programs."Financial Results for Fiscal First Quarter 2026
Revenue for the first quarter of 2026 was $7.4 million, exceeding previously announced guidance, compared to $5.3 million in the first quarter of 2025. This year-over-year increase was slightly higher than expected and included the benefit of one of Identiv's customers ordering their full-year 2026 sales volume in Q1.First quarter 2026 GAAP gross margin was 17.4% and non-GAAP gross margin was 23.8%, compared to first quarter 2025 GAAP gross margin of 2.5% and non-GAAP gross margin of 10.8%. The year-over-year improvement primarily reflects the continued cost savings and efficiencies achieved in Identiv's production processes, improved utilization at the Thailand facility, and the elimination of manufacturing production costs incurred from the Singapore operation in the first quarter of 2025.GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were $5.5 million in the first quarter of 2026, compared to $5.6 million in the first quarter of 2025. Non-GAAP operating expenses were $4.4 million in the first quarter of 2026, compared to $4.5 million in the first quarter of 2025. The management of non-GAAP operating expenses reflects lower restructuring and severance expenses, partially offset by higher strategic review-related costs incurred in the first quarter of 2026.First quarter 2026 GAAP net loss was ($3.4) million, or ($0.15) per basic and diluted share, compared to GAAP net loss of ($4.8) million, or ($0.21) per basic and diluted share, in the first quarter of 2025. This improvement was primarily due to higher sales in Q1 2026, increased gross margin due to the transition of manufacturing to Thailand and the impact of charges to cost of revenue related to the write-down of obsolete inventory and a warranty claim totaling approximately $0.5 million in the first quarter of 2025.Financial Outlook
Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. For the second quarter of 2026, management currently expects net revenue to be in the range of $5.4 million to $6.0 million.Conference Call
Identiv management will hold a conference call today, May 13, 2026, at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the company's first quarter 2026 financial results. A question-and-answer session will follow management's presentation.Toll-Free: +1 888-506-0062
International Number: +1 973-528-0011
Call ID: 528020
Webcast link: Register and JoinThe teleconference replay will be available through Wednesday, May 27, 2026, by dialing +1 877-481-4010 (Toll-Free Replay Number) or +1 919-882-2331 (International Replay Number) and entering passcode 53919.If you have any difficulty connecting with the teleconference, please contact Identiv Investor Relations at IR@identiv.com.About Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @IdentivNon-GAAP Financial Measures
This press release includes financial information that has not been prepared in accordance with accounting principles generally accepted in the United States (GAAP), including non-GAAP adjusted EBITDA, non-GAAP gross profit, non-GAAP gross margin and non-GAAP operating expenses. Identiv uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating ongoing operational performance. Identiv believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. Non-GAAP gross profit and margin exclude stock-based compensation and amortization and depreciation. Non-GAAP adjusted EBITDA excludes items that are included in GAAP net loss, GAAP operating expenses, and GAAP gross margin, and excludes income tax provision, interest income, net, foreign currency gains (losses), net, stock-based compensation, amortization and depreciation, restructuring and severance, and strategic review-related costs. Non-GAAP operating expenses exclude stock-based compensation, amortization and depreciation, strategic review-related costs, and restructuring and severance. The exclusions are detailed in the reconciliation table included in this press release. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures as detailed in this press release.Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management of Identiv and can be identified by words such as "anticipate," "believe," "continue," "plan," "will," "intend," "expect," "outlook," and similar references to the future. Any statement that is not a historical fact is a forward-looking statement, including statements regarding Identiv's expectations regarding its future operating and financial outlook and performance, including second quarter 2026 guidance and outlook; Identiv's strategy, opportunities, focus and goals; and Identiv's expectations and beliefs regarding execution of its Perform-Accelerate-Transform (P-A-T) strategy, including the areas of Identiv's expected focus. Forward-looking statements are only predictions and are subject to a number of risks and uncertainties, many of which are outside Identiv's control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, Identiv's ability to continue the momentum in its business; Identiv's ability to successfully execute its business strategy; the ability to perform under and comply with the provisions of its multi-year supply agreement; the termination of the supply agreement; Identiv's ability to capitalize on trends in its business and the continuation of those trends; Identiv's ability to satisfy customer demand and expectations; the level and timing of customer orders and changes/cancellations; the loss of customers, suppliers or partners; the success of Identiv's products and strategic partnerships; the impact of manufacturing difficulties or delays; the ability to continue to achieve cost and efficiency gains; Identiv's ability to successfully enter into definitive agreements for strategic partnerships or collaborations; the impact of macroeconomic conditions and customer demand, inflation, tariffs and increases in prices; and the other factors discussed in its periodic reports, including its Annual Report on Form 10-K for the year ended December 31, 2025, as amended, and subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements are based on information available to Identiv on the date hereof, and Identiv assumes no obligation to update such statements.Investor Relations Contact
IR@identiv.comMedia Contact
press@identiv.comIdentiv, Inc.Condensed Consolidated Statements of Operations(in thousands, except per share data)(unaudited)
Three Months Ended
March 31,
December 31,
March 31,
2026
2025
2025
Net revenue$7,413
$6,166
$5,269
Cost of revenue 6,122
5,051
5,137
Gross profit1,291
1,115
132
Operating expenses:
Research and development 1,001
773
787
Selling and marketing 1,349
1,261
1,407
General and administrative 3,123
3,348
3,146
Restructuring and severance22
442
260
Total operating expenses 5,495
5,824
5,600
Loss from operations (4,204)
(4,709)
(5,468)
Non-operating income (expense):
Interest income, net 1,047
1,182
1,212
Foreign currency gains (losses), net (286)
277
(530)
Loss from operations before income tax provision(3,443)
(3,250)
(4,786)
Income tax provision(5)
(471)
(3)
Net loss (3,448)
(3,721)
(4,789)
Cumulative dividends on Series B convertible preferred
stock(211)
(207)
(205)
Net loss available to common stockholders$(3,659)
$(3,928)
$(4,994)
Net loss per common share:
Basic and diluted$(0.15)
$(0.16)
$(0.21)
Weighted average common shares outstanding:
Basic and diluted24,037
23,917
23,599
Identiv, Inc.Condensed Consolidated Balance Sheets(in thousands)(unaudited)
March 31,
December 31,
2026
2025
ASSETS
Current assets:
Cash and cash equivalents$124,525
$128,609
Restricted cash300
300
Accounts receivable, net of allowances3,212
4,070
Inventories8,913
7,419
Prepaid expenses and other current assets1,965
2,267
Total current assets138,915
142,665
Property and equipment, net7,676
7,316
Operating lease right-of-use assets717
841
Other assets326
515
Total assets$147,634
$151,337
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$6,504
$3,619
Operating lease liabilities312
331
Deferred revenue—
2,760
Accrued compensation and related benefits888
776
Accrued income taxes payable289
288
Other accrued expenses and liabilities1,351
1,619
Total current liabilities9,344
9,393
Long-term operating lease liabilities418
525
Other long-term liabilities720
718
Total liabilities10,482
10,636
Total stockholders' equity137,152
140,701
Total liabilities and stockholders' equity$147,634
$151,337
Identiv, Inc.Reconciliation of GAAP to Non-GAAP Financial Information(in thousands)(unaudited)
Three Months Ended
March 31,
December 31,
March 31,
2026
2025
2025Reconciliation of GAAP gross margin to non-GAAP
gross margin
GAAP gross profit$1,291
$1,115
$132Reconciling items included in GAAP gross profit:
Stock-based compensation6
6
4Amortization and depreciation470
458
434Total reconciling items included in GAAP gross
profit476
464
438Non-GAAP gross profit $1,767
$1,579
$570Non-GAAP gross margin 24 %
26 %
11 %
Reconciliation of GAAP operating expenses to non-
GAAP operating expenses
GAAP operating expenses$5,495
$5,824
$5,600Reconciling items included in GAAP operating expenses:
Stock-based compensation(614)
(785)
(792)Amortization and depreciation (71)
(56)
(57)Strategic review-related costs(367)
(488)
(4)Restructuring and severance(22)
(442)
(260)Total reconciling items included in GAAP operating
expenses(1,074)
(1,771)
(1,113)Non-GAAP operating expenses$4,421
$4,053
$4,487
Reconciliation of GAAP net loss to non-GAAP adjusted
EBITDA
GAAP net loss$(3,448)
$(3,721)
$(4,789)Reconciling items included in GAAP net loss:
Income tax provision5
471
3Interest income, net(1,047)
(1,182)
(1,212)Foreign currency gains (losses), net 286
(277)
530Stock-based compensation620
791
796Amortization and depreciation 541
514
491Strategic review-related costs367
488
4Restructuring and severance22
442
260 Total reconciling items included in GAAP net loss794
1,247
872 Non-GAAP adjusted EBITDA$(2,654)
$(2,474)
$(3,917) View original content:https://www.prnewswire.com/news-releases/identiv-reports-first-quarter-2026-financial-results-exceeds-q1-guidance-302770230.htmlSOURCE Identiv Original: Identiv Reports First Quarter 2026 Financial Results, Exceeds Q1 Guidance
US Market News
2月前
Identiv Expands ID-Safe NFC Tag Portfolio to Enable Secure Product Authentication, Tamper Detection, and TraceabilityApril 20, 2026 7:00 AM
PR Newswire (US)
Expanded portfolio of tamper-evident and tamper-proof NFC tags enables companies to verify authenticity, detect interference, and maintain product integrity across the lifecycle.SANTA ANA, Calif., April 20, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, today announced the expansion of its ID-Safe product family, a portfolio of advanced HF and NFC tags designed to support product authentication, tamper detection, and secure traceability across pharmaceutical, healthcare, retail, food and beverage, electronics, and smart packaging applications.As companies work to address rising counterfeiting, diversion, and product fraud, there is growing demand for solutions that can verify product authenticity, confirm package integrity, and provide visibility across the product lifecycle.Identiv's ID-Safe portfolio addresses these challenges by combining NFC-based product identity with advanced tamper detection and secure authentication. By embedding secure NFC technology directly into tags, ID-Safe transforms product labeling into a digital trust layer – enabling companies to confirm that a product is genuine, verify that it has not been opened or altered, and enable secure digital interaction using standard NFC-enabled smartphones or readers."Trust in physical products can't be assumed anymore – it has to be verified. ID-Safe brings together secure NFC-based identity, tamper detection, and tamper-proof design to enable companies to confirm authenticity and product integrity at any point in the lifecycle, anywhere those interactions occur," said Andreas Walsner, Global Vice President Sales, Identiv. "It allows organizations to detect interference, prevent fraud, and establish trusted product identity anywhere it matters – from manufacturing through distribution to the point of use – while supporting secure, scalable deployment across real-world operations."A trusted, tamper-proof tag portfolioThe ID-Safe portfolio includes a range of NFC tag configurations designed to support diverse applications across pharmaceutical, healthcare, retail, food and beverage, electronics, and smart packaging environments. These include tamper-evident NFC labels that detect and record package opening events, as well as tamper-proof tags with destructible antennas that prevent removal, reuse or product refilling. Select configurations support encrypted authentication using high-security NFC chips, enabling protection against cloning and advanced counterfeiting.Each ID-Safe tag is encoded with a unique identity and can be linked to cloud-based systems, creating a digital twin of the product. Throughout manufacturing, logistics, and distribution, stakeholders can scan the tag to confirm authenticity and verify that the product remains unopened. Once a package is opened or tampered with, the tag registers an irreversible state change – such as a broken antenna or altered electrical signal – clearly indicating that the product has been compromised.The ID-Safe product family is designed to help organizations address critical product security challenges, including counterfeiting, gray market diversion, warranty and returns abuse, and product refilling and resale fraud. By making product authenticity and integrity verifiable in real time, ID-Safe helps protect brand value, improve recall and compliance processes, and strengthen trust across the supply chain and with end users.The products are already deployed in an award-winning NFC-based anti-counterfeiting smart packaging solution for luxury wine producers and collectors, developed in collaboration with ZATAP and Genuine-Analytics.The ID-Safe portfolio includes multiple configurations with options for different chip types, memory capacities, and form factors."Companies can't afford uncertainty when it comes to product authenticity and integrity. ID-Safe provides a practical way to verify products, detect tampering, and prevent fraud – including refilling, diversion, and unauthorized resale – while enabling secure interaction throughout the product lifecycle. It's a critical step toward making physical products more secure, traceable, and trusted," concluded Walsner.For more information about Identiv's ID-Safe product family or other IoT solutions, please visit our Product Finder or contact sales@identiv.comAbout Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @IdentivMedia Contact:
Samantha Bryton
samantha@griffin360.com
View original content:https://www.prnewswire.com/news-releases/identiv-expands-id-safe-nfc-tag-portfolio-to-enable-secure-product-authentication-tamper-detection-and-traceability-302746374.htmlSOURCE Identiv
Original: Identiv Expands ID-Safe NFC Tag Portfolio to Enable Secure Product Authentication, Tamper Detection, and Traceability
US Market News
3月前
Identiv Reports Fourth Quarter and Fiscal Year 2025 Financial Results, Exceeds Q4 Guidance and Signs Multi-Year Supply AgreementMarch 12, 2026 4:05 PM
PR Newswire (US)
Fourth Quarter Net Revenue Exceeds Guidance Driven by Growth with Key Customers and Operational ExcellenceSignificant Advancement in Bluetooth Low Energy Strategy Results in Exclusive Multi-Year Supply AgreementSANTA ANA, Calif., March 12, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, today released its financial results for the fourth quarter and fiscal year ended December 31, 2025."During the fourth quarter, we delivered results that exceeded our guidance and expectations, reflecting the higher-than-expected sales from key customers and the successful completion of our two-year manufacturing transition to Thailand, which has structurally reduced our cost profile and significantly increased efficiency," said Identiv CEO Kirsten Newquist."We have made considerable progress across our Perform-Accelerate-Transform (P-A-T) strategy and most recently achieved a significant win. We signed an exclusive multi-year agreement to serve as the exclusive supplier for specialized, next-generation BLE smart labels," added Newquist. "As we move into 2026, we are focused on scaling production for high-volume specialized BLE smart labels, expanding our customer base, and launching new products to capture opportunities in the rapidly growing global IoT market."Financial Results for Fiscal Fourth Quarter 2025
Revenue for the fourth quarter of 2025 was $6.2 million, compared to $6.7 million in the fourth quarter of 2024. This year-over-year decrease was as expected and due to the exit of lower-margin business which we did not transfer to Thailand.Fourth quarter 2025 GAAP gross margin was 18.1% and non-GAAP gross margin was 25.6%, compared to fourth quarter 2024 GAAP gross margin of (14.9%) and non-GAAP gross margin of (5.2%). The year-over-year improvement primarily reflects the reduction in direct labor and manufacturing overhead costs associated with the transition of all production to Thailand in 2025.GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were $5.8 million in the fourth quarter of 2025, compared to $5.6 million in the fourth quarter of 2024. Non-GAAP operating expenses were $4.1 million in the fourth quarter of 2025, compared to $4.1 million in the fourth quarter of 2024. The management of non-GAAP operating expenses reflects the disciplined operating expense spending to support of the company's organic growth initiatives as outlined in the P-A-T strategic framework.Fourth quarter 2025 GAAP net loss from continuing operations was ($3.7) million, or ($0.16) per basic and diluted share, compared to GAAP net loss from continuing operations of ($4.3) million, or ($0.19) per basic and diluted share, in the fourth quarter of 2024. This reduction was primarily due to our production transition to our Thailand facility, combined with our disciplined spending of operating expenses as we executed on our P-A-T strategic initiatives.Non-GAAP adjusted EBITDA loss in the fourth quarter of 2025 was ($2.5) million, compared to ($4.5) million in the fourth quarter of 2024.Financial Results for Fiscal Year 2025
Revenue for fiscal year 2025 was $21.5 million compared to $26.6 million in fiscal year 2024. Fiscal year 2025 GAAP gross margin was 6.1% and non-GAAP gross margin was 14.3%, compared to fiscal year 2024 GAAP gross margin of 1.3% and non-GAAP gross margin of 8.0%. The year-over-year expansion in gross margin reflects the lower cost structure and operational efficiencies gained from moving our production to Thailand and shutting down our Singapore site.GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were $23.5 million in fiscal year 2025, compared to $28.3 million in fiscal year 2024. Non-GAAP operating expenses were $17.6 million in fiscal year 2025, compared to $17.9 million in fiscal year 2024. Fiscal year 2024 GAAP operating expenses included higher strategic review-related costs of $5.3 million compared to 2025.Fiscal year 2025 GAAP net loss from continuing operations was ($18.0) million, or ($0.79) per basic and diluted share, compared to GAAP net loss from continuing operations of ($25.9) million, or ($1.14) per basic and diluted share, in fiscal year 2024.Non-GAAP adjusted EBITDA loss in fiscal year 2025 was ($14.5) million, compared to ($15.8) million in fiscal year 2024. Financial Outlook
Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. For the first quarter of fiscal 2026, management currently expects net revenue to be in the range of $6.7 million to $7.2 million.Conference Call
Identiv management will hold a conference call today, March 12, 2026, at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the company's fourth quarter and fiscal year 2025 financial results. A question-and-answer session will follow management's presentation.Toll-Free: +1 888-506-0062
International Number: +1 973-528-0011
Call ID: 610948
Webcast link: Register and JoinThe teleconference replay will be available through March 26, 2026, by dialing +1 877-481-4010 (Toll-Free Replay Number) or +1 919-882-2331 (International Replay Number) and entering passcode 53651.If you have any difficulty connecting with the teleconference, please contact Identiv Investor Relations at IR@identiv.com.About Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @IdentivNon-GAAP Financial Measures
This press release includes financial information that has not been prepared in accordance with accounting principles generally accepted in the United States (GAAP), including non-GAAP adjusted EBITDA, non-GAAP gross profit, non-GAAP gross margin and non-GAAP operating expenses. Identiv uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating ongoing operational performance. Identiv believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends. Non-GAAP gross profit and margin exclude stock-based compensation and amortization and depreciation. Non-GAAP adjusted EBITDA excludes items that are included in GAAP net income (loss), GAAP operating expenses, and GAAP gross margin, and excludes income tax provision (benefit), interest income, net, foreign currency gains (losses), net, stock-based compensation, amortization and depreciation, restructuring and severance, and strategic review-related costs. Non-GAAP operating expenses exclude stock-based compensation, amortization and depreciation, strategic review-related costs, and restructuring and severance. The exclusions are detailed in the reconciliation table included in this press release. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures as detailed in this press release.Note Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management of Identiv and can be identified by words such as "anticipate," "believe," "continue," "plan," "will," "intend," "expect," "outlook," and similar references to the future. Any statement that is not a historical fact is a forward-looking statement, including statements regarding: Identiv's expectations regarding its future operating and financial outlook and performance, including 2026 first quarter guidance and outlook; Identiv's strategy, opportunities, focus and goals; and Identiv's expectations and beliefs regarding execution of its Perform-Accelerate-Transform (P-A-T) strategy, including the areas of Identiv's expected focus. Forward-looking statements are only predictions and are subject to a number of risks and uncertainties, many of which are outside Identiv's control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: Identiv's ability to continue the momentum in its business; Identiv's ability to successfully execute its business strategy; the ability to perform under and comply with the provisions of the supply agreement; the termination of the supply agreement; Identiv's ability to capitalize on trends in its business and the continuation of those trends; Identiv's ability to satisfy customer demand and expectations; the level and timing of customer orders and changes/cancellations; the loss of customers, suppliers or partners; the success of Identiv's products and strategic partnerships; the impact of manufacturing difficulties or delays; the ability to continue to achieve cost and efficiency gains; Identiv's ability to successfully enter into definitive agreements for strategic partnerships or collaborations; the impact of macroeconomic conditions and customer demand, inflation, tariffs and increases in prices; and the other factors discussed in its periodic reports, including its Annual Report on Form 10-K for the year ended December 31, 2024, Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, and subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements are based on information available to Identiv on the date hereof, and Identiv assumes no obligation to update such statements.Investor Relations Contact:
IR@identiv.comMedia Contact:
press@identiv.com Identiv, Inc.Condensed Consolidated Statements of Operations(in thousands, except per share data)(unaudited)
Three Months Ended
Year Ended
December 31,
December 31,
December 31,
December 31,
2025
2024
2025
2024Net revenue$ 6,166
$ 6,697
$ 21,484
$ 26,628Cost of revenue 5,051
7,692
20,177
26,288Gross profit (loss)1,115
(995)
1,307
340Operating expenses:
Research and development 773
922
3,278
3,887Selling and marketing 1,261
1,073
5,583
5,727General and administrative 3,348
3,095
13,068
18,147Restructuring and severance442
540
1,524
540Total operating expenses 5,824
5,630
23,453
28,301Loss from continuing operations (4,709)
(6,625)
(22,146)
(27,961)Non-operating income (expense):
Interest income, net 1,182
1,344
5,023
1,352Foreign currency gains (losses), net 277
733
(1,148)
788Loss from continuing operations before income tax provision(3,250)
(4,548)
(18,271)
(25,821)Income tax (provision) benefit(471)
271
268
(90)Net loss from continuing operations(3,721)
(4,277)
(18,003)
(25,911)Income (loss) from discontinued operations, net of tax:
Loss from Physical Security Business, net of tax—
(41)
—
(2,778)Gain on sale of Physical Security Business, net of tax—
3,963
—
103,509Income from discontinued operations, net of tax—
3,922
—
100,731Net income (loss)(3,721)
(355)
(18,003)
74,820Cumulative dividends on Series B convertible preferred stock(207)
(201)
(824)
(883)Net income (loss) available to common stockholders$ (3,928)
$ (556)
$ (18,827)
$ 73,937
Net income (loss) per common share:
Basic and diluted - continuing operations$ (0.16)
$ (0.19)
$ (0.79)
$ (1.14)Basic and diluted - discontinued operations$ —
$ 0.16
$ —
$ 4.27Basic and diluted - net income (loss)$ (0.16)
$ (0.02)
$ (0.79)
$ 3.14
Weighted average common shares outstanding:
Basic and diluted23,917
23,833
23,782
23,581 Identiv, Inc. Condensed Consolidated Balance Sheets(in thousands)(unaudited)
December 31,
September 30,
December 31,
2025
2025
2024
ASSETS
Current assets:
Cash and cash equivalents$ 128,609
$ 126,266
$ 135,646Restricted cash300
300
300Accounts receivable, net of allowances4,070
4,403
4,214Inventories7,419
5,909
7,475Prepaid expenses and other current assets2,267
5,256
5,210Total current assets142,665
142,134
152,845Property and equipment, net7,316
7,369
7,694Operating lease right-of-use assets841
979
2,000Other assets515
542
686Total assets$ 151,337
$ 151,024
$ 163,225
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$ 3,619
$ 2,436
$ 2,746Operating lease liabilities331
870
852Deferred Revenue2,760
—
—Accrued compensation and related benefits776
808
862Accrued income taxes payable288
1,226
1,173Other accrued expenses and liabilities1,619
1,403
2,327Total current liabilities9,393
6,743
7,960Long-term operating lease liabilities525
587
1,167Other long-term liabilities718
29
29Total liabilities10,636
7,359
9,156Total stockholders' equity140,701
143,665
154,069Total liabilities and stockholders' equity$ 151,337
$ 151,024
$ 163,225 Identiv, Inc. Reconciliation of GAAP to Non-GAAP Financial Information - Continuing Operations(in thousands)(unaudited)
Three Months Ended
Year Ended
December 31,
December 31,
December 31,
December 31,
2025
2024
2025
2024Reconciliation of GAAP gross margin to non-GAAP gross margin
GAAP gross profit (loss)$ 1,115
$ (995)
$ 1,307
$ 340Reconciling items included in GAAP gross profit (loss):
Stock-based compensation6
3
21
20Amortization and depreciation458
643
1,735
1,773Total reconciling items included in GAAP gross profit (loss)464
646
1,756
1,793Non-GAAP gross profit (loss)$ 1,579
$ (349)
$ 3,063
$ 2,133Non-GAAP gross margin 26 %
-5 %
14 %
8 %
Reconciliation of GAAP operating expenses to non-GAAP operating expenses
GAAP operating expenses$ 5,824
$ 5,630
$ 23,453
$ 28,301Reconciling items included in GAAP operating expenses:
Stock-based compensation(785)
(873)
(3,181)
(3,456)Amortization and depreciation (56)
(52)
(291)
(206)Strategic review-related costs(488)
(55)
(864)
(6,175)Restructuring and severance(442)
(540)
(1,524)
(540)Total reconciling items included in GAAP operating expenses(1,771)
(1,520)
(5,860)
(10,377)Non-GAAP operating expenses$ 4,053
$ 4,110
$ 17,593
$ 17,924
Reconciliation of GAAP net loss from continuing operations to non-GAAP adjusted EBITDA
GAAP net loss from continuing operations$ (3,721)
$ (4,277)
$ (18,003)
$ (25,911)Reconciling items included in GAAP net loss:
Income tax provision (benefit)471
(271)
(268)
90Interest income, net(1,182)
(1,344)
(5,023)
(1,352)Foreign currency gains (losses), net (277)
(733)
1,148
(788)Stock-based compensation791
876
3,202
3,476Amortization and depreciation 514
695
2,026
1,979Strategic review-related costs488
55
864
6,175Restructuring and severance442
540
1,524
540 Total reconciling items included in GAAP net loss from continuing operations1,247
(182)
3,473
10,120 Non-GAAP adjusted EBITDA$ (2,474)
$ (4,459)
$ (14,530)
$ (15,791)
View original content:https://www.prnewswire.com/news-releases/identiv-reports-fourth-quarter-and-fiscal-year-2025-financial-results-exceeds-q4-guidance-and-signs-multi-year-supply-agreement-302712784.htmlSOURCE Identiv
Original: Identiv Reports Fourth Quarter and Fiscal Year 2025 Financial Results, Exceeds Q4 Guidance and Signs Multi-Year Supply Agreement
US Market News
5月前
Identiv and Tag-N-Trac Win 2025 IoT Platforms Leadership Award from IoT Evolution WorldJanuary 27, 2026 12:00 PM
PR Newswire (US)
Cold Chain Tracking Solution for Temperature-Sensitive Pharmaceuticals Recognized for Excellence in Supply-Chain IntelligenceSANTA ANA, Calif., Jan. 27, 2026 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, announced today that the Tag-N-Trac and Identiv Cold Chain Tracking Solution has received a 2025 IoT Platforms Leadership Award from IoT Evolution World, the leading online publication covering IoT technologies.The IoT Platforms Leadership Awards honor solutions that provide the foundational technology required to build, manage, and operate IoT ecosystems – from device onboarding and connectivity to analytics, automation, and lifecycle management.The winning solution provides continuous, real-time insight into the location, condition, and compliance of temperature-sensitive pharmaceuticals at the package and dose level. This unified framework sets a new benchmark in supply-chain intelligence by combining connected hardware, cloud analytics, and intelligent automation within a single ecosystem. The solution integrates Identiv's thin Bluetooth Low Energy (BLE) smart labels, which incorporate high-performance InPlay BLE chips, with Tag-N-Trac's RELATIVITY™ platform, an industry-first IoT SaaS system."The 2025 IoT Platforms Leadership Award recognizes our partnership's focus on simplifying deployment and enabling true interoperability for our customers," said Kirsten Newquist, CEO of Identiv. "By transforming ambient data from the pharmaceutical supply chain into actionable intelligence, we help companies deliver therapies more securely while protecting patient trust worldwide."Raj Dodhiawala, CEO of Tag-N-Trac, added, "With our partner Identiv, we are proud to be recognized for our innovative cold chain solution that breaks through long-standing industry barriers like fragmented systems and manual workflows. Our platform solution replaces disconnected tools with an AI-powered intelligent system that provides real-time shipment visibility, enabling precise control and timely response to excursions for seamless compliance across the entire distribution journey."Purpose-built for regulated industries, the Tag-N-Trac and Identiv Cold Chain control tower supports GS1-based serialization and automated reporting aligned with the Drug Supply Chain Security Act (DSCSA). Its modular, API-driven architecture processes real-time data from our IoT devices to track a number of shipment and condition metrics, delivering risk intelligence and excursion handling that enhances the efficiency and responsiveness across global logistics networks. "The solutions selected for the IoT Evolution IoT Platforms Leadership Award reflect innovation driving the fast-growing Internet of Things marketplace. It is my honor to congratulate Identiv and Tag-N-Trac for their innovative work and contribution to this rapidly evolving industry," said Carl Ford, Community Developer, IoT Evolution World."It is my pleasure to recognize the Tag-N-Trac x Identiv Cold Chain Tracking Solution, an innovative solution that earned Identiv and Tag-N-Trac the 2025 IoT Evolution IoT Platforms Leadership Award," said Rich Tehrani, CEO, TMC. "I look forward to seeing more innovation from both companies in the future."About Identiv
Identiv's RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications worldwide, drive innovation across healthcare, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com. About Tag-N-Trac
Tag-N-Trac is a pioneer in real-time visibility and traceability solutions. Through its RELATIVITY™ platform, an industry-first IoT SaaS system, the company unifies in-warehouse and in-transit visibility within a single IoT-driven, AI-powered analytics environment. Tag-N-Trac provides hardware-agnostic solutions that transform sensor data into actionable intelligence for global supply chain operations. About Crossfire Media
Crossfire Media, co-publishers of IoT Evolution, is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full service Information Technology company based in New York.About TMC
TMC provides global buyers with valuable insights to make informed tech decisions through our editorial platforms, live events, webinars, and online advertising. Leading vendors trust TMC, thought leadership, and our events for branding, thought leadership, and lead generation. Our live events, like the ITEXPO #TECHSUPERSHOW, deliver unmatched visibility, while our custom lead generation programs and webinars ensure a steady flow of sales opportunities. Display ads on trusted sites generate millions of impressions, boosting brand reputations. TMC offers a complete 360-degree marketing solution, from event management to content creation, driving SEO, branding, and marketing success. Learn more at www.tmcnet.com and follow @tmcnet on Facebook, LinkedIn, and X.Identiv Media Contact:
Sophie Pearson
Identiv, Inc.
spearson@identiv.comTMC Media Contact:
Stephanie Thompson
203-852-6800
sthompson@tmcnet.com
View original content:https://www.prnewswire.com/news-releases/identiv-and-tag-n-trac-win-2025-iot-platforms-leadership-award-from-iot-evolution-world-302670737.htmlSOURCE Identiv
Original: Identiv and Tag-N-Trac Win 2025 IoT Platforms Leadership Award from IoT Evolution World
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