Identiv Stock Price, News & Analysis

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.

Identiv (NASDAQ: INVE) announced the release of Hirsch Velocity Software version 3.8.4 on April 5, 2022. This update enhances the security management system by enabling networked global integrated operations (IO) and data centricity, significantly improving the software's intelligence. The new features allow panels to operate independently, enhancing reliability during software failures. Additionally, the updated thin web client simplifies access control usage, aligning with a software as a service (SaaS) model. The release is positioned to leverage AI capabilities in physical security.

Identiv, a leader in digital security, will host a virtual investor presentation focusing on RFID technology on April 13, 2022, at 1:00 PM ET. CEO Steven Humphreys, CFO Justin Scarpulla, COO Dr. Manfred Mueller, and VP Amir Khoshniyati will discuss the company's RFID leadership and growth strategies. A Q&A session will follow the presentation. Participants can join via webcast or phone, with details provided in the release. Replay of the presentation will be available until April 13, 2023. For more information, visit identiv.com.

Identiv, Inc. (NASDAQ: INVE) announced that Leigh Dow, its Vice President of Global Marketing, has been recognized by the Security Industry Association and Fast Company for her expertise in marketing and security technology. Dow has also been appointed as Marketing Chair for DoseID and IoT Working Group Secretary for the NFC Forum, promoting RFID technology's adoption. The SIA Women in Security Forum honored her as part of the inaugural Power 100 class, recognizing her contributions to diversity and innovation in the industry.

Identiv, Inc. (NASDAQ: INVE) reported a 19% increase in total fiscal year 2021 revenue, reaching $103.8 million, driven by 23% growth in Identity revenue. Fourth quarter revenue rose 15% year-over-year to $28.5 million, while RFID unit shipments saw a record 36% increase to 185 million units.

Despite a GAAP net loss of $1.9 million in Q4, management anticipates strong growth in 2022, forecasting revenues between $130 million and $135 million. The company maintains a backlog of $30.2 million, indicating robust future demand.

Identiv, Inc. (NASDAQ: INVE) has launched its Secure Authentication Platform, designed to validate high-security near field communication (NFC) tags. This innovative platform enhances consumer interaction by providing a unique user experience through validation services. It targets sectors like luxury goods, healthcare, and specialty retail, enabling functionalities such as anti-counterfeiting and customer feedback collection. The platform’s validation service assures users of their interactions by generating secure content links, while the company reports a strong market demand, with three customer deployments already active.

Identiv (NASDAQ: INVE) is set to release its financial results for Q4 and the fiscal year ended December 31, 2021, on March 2, 2022, after market close. A conference call will be held at 5 PM ET to discuss the results. Interested parties can join via a toll-free number or webcast. Replay details are also provided. Identiv specializes in digital security and identification in the Internet of Things (IoT).

Identiv, Inc. (NASDAQ: INVE) has launched a new line of near field communication (NFC)-enabled status detection tags, incorporating NXP's NTAG 22x DNA chip. These tags enhance anti-counterfeiting, tamper detection, and condition sensing without batteries, catering to industries such as healthcare, retail, and smart packaging. The portfolio supports applications like medication verification and smart wound recovery. The global capacitive sensor market is projected to grow at a 5.2% CAGR through 2027, emphasizing the growing demand for innovative sensing solutions in IoT.

Identiv, Inc. (NASDAQ: INVE) announced a strategic partnership with Wiliot on February 9, 2022. The collaboration focuses on creating an ecosystem for digital products utilizing Bluetooth IoT Pixels, designed for the healthcare, pharmaceutical, and smart packaging sectors. This partnership aims to enhance visibility and tracking capabilities for everyday items, benefiting industries such as food and beverage. Identiv's expertise in device and systems design supports Wiliot's SaaS platform, expanding the potential of the Internet of Things in real-time monitoring and management.