Identiv, Inc. reports developments in RFID- and Bluetooth Low Energy-enabled Internet of Things solutions that give physical products digital identities. Company news centers on RFID inlays, tags, labels, ID-Safe HF and NFC tags, BLE smart labels, and applications in healthcare, logistics, consumer electronics, luxury goods, smart packaging, pharmaceuticals, food and beverage, and retail.
Recurring updates include quarterly financial results, earnings calls, customer and supply agreements, product authentication and tamper-detection offerings, cold-chain tracking partnerships, and manufacturing capabilities for multicomponent RFID and BLE tags. News also covers the completed move of manufacturing from Singapore to Bangkok, Thailand, and operational updates tied to its Perform-Accelerate-Transform strategy.
Identiv, Inc. (NASDAQ: INVE) reported its financial results for Q1 2024, including a $145 million asset purchase agreement, new President, and expanding gross margins. Revenue was $22.5 million with GAAP gross margin at 37.3% and non-GAAP at 39.9%. Strategic review concluded with the sale of physical security assets to Vitaprotech. Identiv expects to close the transaction in Q3 2024, subject to approvals.
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