Identiv Stock Price, News & Analysis

Identiv, Inc. (NASDAQ: INVE) announced the successful pilot launch of NFC-enabled smart packaging for OTACA Tequila, with 5,000 bottles digitized. Following this success, OTACA plans to produce an additional 50,000 bottles in Q1 2023. Identiv's NFC tags enhance consumer engagement, providing insights into purchasing habits and facilitating re-orders. The collaboration aims to strengthen brand loyalty and transparency in product provenance using blockchain technology. OTACA Tequila has won multiple awards, boosting its market presence.

Identiv, Inc. (NASDAQ: INVE) has appointed Manfred Rietzler, founder of Smartrac Group, as a strategic advisor to enhance its RFID capabilities. Rietzler brings extensive experience in RFID, robotics, and renewable energies. His leadership at Smartrac saw it become a global RFID leader, innovating in HF and NFC technologies. Identiv's CEO, Steven Humphreys, believes Rietzler's expertise will strengthen their position in the RFID sector, aligning with customer needs and driving profitable growth. Rietzler holds numerous patents and aims to help Identiv execute its business strategy effectively.

Identiv (NASDAQ: INVE) has partnered with Wiliot to launch the first Battery-Assisted Pixel (BAP), an innovative Bluetooth Low Energy (BLE) asset management solution aimed at enhancing the pharmaceutical and food supply chains. This card-sized BAP features an internal battery for continuous broadcasting of ID and sensing data, even in low RF environments. Offered at a competitive price of $1 to $2, the tags provide comprehensive capabilities including traceability, temperature monitoring, and location tracking. The BAP is now available for pilot customers through Identiv.

Identiv (NASDAQ: INVE) unveiled its bespoke RFID showcase at RFID Journal LIVE! from May 17-19, 2022, in Las Vegas, highlighting its role in meeting the increasing demand for RFID and NFC solutions within the IoT sector. The company received recognition as a finalist for two RFID Journal Best New Product Awards and will be awarded the AIM RFID Consumer Case Study Award for its CVS Spoken Rx solution. Identiv aims to enhance digital health accessibility through innovative RFID technologies and is focused on expanding partnerships and sales capacity to capitalize on market growth.

Identiv, Inc. (NASDAQ: INVE) announced that its Singapore facility is nearing production of over 350 million specialty RFID products by the end of 2023. The company has achieved ISO 9100 and ISO 14001 certifications, bolstering its commitment to quality and environmental management. Identiv has invested significantly in advanced manufacturing and sales capabilities to drive growth in innovative IoT solutions. With the IoT market projected to grow at a ~20% CAGR, Identiv is well-positioned to capture increasing demand for RFID and NFC technologies.

Identiv (NASDAQ: INVE) has partnered with collectID to enhance fan experiences through embedded NFC tags in limited edition Nashville Predators jerseys, honoring goaltender Pekka Rinne. This initiative allows fans to authenticate their jerseys and unlock exclusive content, signifying a significant step in leveraging IoT for engaging brand interactions. The jerseys feature high-security NFC tags that withstand rigorous laundering, reinforcing product authenticity and enabling ongoing fan engagement. This collaboration marks a pioneering move in the NHL to connect physical merchandise with digital experiences.

Identiv, Inc. reported Q1 2022 revenue of $25.1 million, a 13% increase year-over-year. Key factors include a 23% growth in Premises revenue and a 20% rise in RFID unit shipments, totaling 48 million. Gross margins improved to 36%, with a net loss reduced to $1 million. The company maintains a strong balance sheet with $28.7 million in cash and no debt. Backlog for Q2 2022 is up 32% year-over-year. Management expects fiscal 2022 revenues of $130 million to $135 million, indicating a growth of 25%-35%. Identiv is positioned to capitalize on expanding market opportunities.

Identiv, a leader in digital security and identification for IoT, will announce its Q1 2022 financial results on May 4, 2022, after market close. A conference call will take place at 5 PM ET to discuss these results. Interested investors can join via toll-free and international numbers, and a live webcast will also be available. The replay of the call will be accessible until May 18, 2022. Identiv operates in RFID, NFC, and cybersecurity, and is publicly traded under the symbol INVE.