Identiv Stock Price, News & Analysis

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.

Identiv, Inc. (NASDAQ: INVE) has launched its UHF RFID TOM® (Tag On Metal) portfolio, designed for robust industrial applications. The TOM labels provide superior performance for tagging metallic items, with a read range of up to 10 meters. The product line includes UHF TOM® Base, suitable for various surfaces, and UHF TOM® Pro, resistant to interference. With the industrial labels market projected to reach 59.34 billion units by 2024 at a CAGR of 4.86%, Identiv's offering positions the company favorably within this growing industry.

Identiv has expanded its partnership with collectID to enhance product authentication for collectible football jerseys using NFC tags. The initiative started with Atlético Mineiro, which will equip 120,000 jerseys with Identiv's advanced tags based on the NXP NTAG 424 DNA chips. This technology aims to reduce counterfeiting, allowing fans to authenticate their jerseys and engage digitally. The global counterfeit goods market is projected to reach $4.2 trillion in 2022, highlighting the importance of such innovations. Identiv anticipates growth in IoT-connected products and personalized consumer engagement in 2022.