Identiv Stock Price, News & Analysis

Identiv, Inc. (NASDAQ: INVE) has appointed Amir Khoshniyati as General Manager and Vice President of the Transponder Business, effective immediately. This strategic move aims to enhance leadership in the RFID market by expanding teams in sales, business development, product management, and R&D. Khoshniyati, who previously served as Vice President of Business Development, brings extensive experience in NFC, RFID, and IoT from his tenure at leading RFID companies. The appointment aligns with Identiv's focus on accelerating growth in multiple industries, including healthcare and smart packaging.

Identiv, Inc. (NASDAQ: INVE) has appointed Justin Scarpulla as Chief Financial Officer, effective December 6, 2021. Scarpulla, with over 25 years of financial leadership experience, previously worked at SpaceX, where he oversaw financial planning and operations. He has also held significant roles at Incipio and Vizio, driving substantial revenue growth. CEO Steven Humphreys expressed confidence in Scarpulla's ability to enhance financial systems and support Identiv's growth strategy. Interim CFO Ed Kirnbauer will continue as Global Corporate Controller.

CVS Pharmacy has launched its Spoken Rx™ service across nearly 10,000 locations, including over 1,700 inside Target stores. This technology, created with the American Council of the Blind, offers audio prescription labels to assist visually impaired patients in accessing their prescription details. The service is free and can be utilized through the CVS Pharmacy App or via stand-alone devices. Spoken Rx aims to enhance healthcare accessibility and provides privacy and independence for blind and visually impaired customers.

Identiv, Inc. (NASDAQ: INVE) will participate in several financial conferences during Q4 2021. Key events include one-on-one meetings at the Stifel 2021 Virtual Midwest One-on-One Growth Conference on November 11, and a presentation at the Ladenburg Thalmann Virtual Technology Expo on November 18, 2021. Additionally, Identiv will present in-person at the Imperial Capital Security Conference on December 15, 2021. Investors can contact Identiv's investor relations for more details or to schedule meetings.

Identiv Inc. (NASDAQ: INVE) reported a strong financial performance for Q3 2021, with total revenue increasing by 17% year-over-year to $29.1 million. Identity segment revenue grew 21%, while Premises rose 10%. The company generated $2.9 million in cash flow from operations and achieved a net income of $2.5 million. All outstanding debt has been retired, leaving $29.2 million in cash. The backlog for future shipments increased by 51% year-over-year, and the company expects 2022 revenues to rise 25%-30% to between $130 million and $135 million.

Identiv collaborates with OTACA Tequila to enhance smart packaging using NFC technology. This partnership introduces NFC-enabled authentication and product tracing that amplifies customer engagement through a digital platform. The NFC tags allow consumers to access product history and verify authenticity with a simple tap, improving brand transparency and loyalty. Identiv's high-quality NFC tags, including NTAG 210u, power this initiative, while blockchain technology reinforces supply chain trust. This collaboration aligns with Identiv's growth in RFID and NFC solutions for improved consumer experiences.

Identiv, Inc. (NASDAQ: INVE) will announce its third-quarter financial results for the period ending September 30, 2021, after market close on November 2, 2021. A conference call with management will take place at 5 PM ET to discuss these results. Interested parties can register for the webcast or call into the conference. The replay will also be available after the call until November 16, 2021. Identiv is a leader in digital security and identification, focusing on RFID, NFC, and cybersecurity solutions.

Identiv, Inc. (NASDAQ: INVE) announced its participation in GSX 2021 from September 27-29 and RFID Journal LIVE! 2021 from September 27-28, showcasing advanced solutions for the connected world. At GSX, the company will highlight physical security, identity management, and cloud-based access control. At RFID Journal LIVE!, Identiv will demonstrate its RFID technology for IoT applications. Notably, their NFC-enabled SyringeCheck solution is a finalist for the Best New Product Award. Investors can request one-on-one meetings with management.

Identiv, Inc. (NASDAQ: INVE) will participate in several virtual financial conferences in September 2021. The events include the 10th Annual Gateway Conference on September 8, where the company will present at 1:30 PM ET, the 2021 Colliers Institutional Investor Conference on September 9, and the Lake Street 5th Annual Best Ideas Growth Conference on September 14, both featuring one-on-one meetings. Interested parties can contact the investor relations team at Identiv for more details.