Identiv Stock Price, News & Analysis

Identiv, Inc. (NASDAQ: INVE) has launched a new Hyperconverged Infrastructure (HCI) solution in collaboration with Scale Computing. This advanced solution integrates virtualization, servers, storage, and backup into a single automated platform, enhancing ease of application management. Key applications include Hirsch Velocity visitor management and Velocity Vision video management system, providing comprehensive situational awareness. The HCI aims to simplify deployments while reducing downtime for customers across various industries. Identiv emphasizes its commitment to innovation, cost reduction, and customer-centric solutions, aiming to streamline security operations.

Identiv, Inc. (NASDAQ: INVE) will host a teleconference and webcast on March 2, 2023, at 5:00 p.m. EST to discuss its financial results for Q4 and fiscal year 2022, ending December 31, 2022. Details will be available in a press release prior to the call on the company’s investor relations website. The teleconference can be accessed via toll-free and international dial-in numbers, and will also be webcasted live. A replay will be available until March 15, 2023. Identiv specializes in digital security and identification within the IoT sector.

Identiv has announced a strategic partnership with Trace-ID to provide specialty and industrial UHF RFID solutions across North America. This exclusive agreement allows Identiv to leverage Trace-ID’s manufacturing capabilities in Europe, enhancing its product portfolio with access to 1 billion units of specialty UHF capacity. The collaboration aims to deliver competitively priced solutions for various applications, reinforcing Identiv's position as a leader in specialty RFID technology. The partnership is expected to drive global demand and expand market reach, highlighting the growing trend towards higher-value UHF designs in diverse sectors.

Identiv (NASDAQ: INVE) has expanded its partnership with STMicroelectronics, enhancing its portfolio of near-field communication (NFC) inlays for various sectors, including luxury goods, healthcare, and smart packaging. This collaboration introduces cost-effective ST25TN Type 2 NFC chips, which improve product identification and offer advanced security features, including encryption against counterfeiting. The ST25TN series complies with ISO/IEC14443 Type A and NFC Forum specifications, supporting data transfer rates of 106kbits/s. Identiv aims to deliver specialized solutions that enhance customer engagement and brand security.

Identiv (NASDAQ: INVE) has launched bitse.io, a comprehensive IoT platform designed for managing over one billion uniquely identifiable tags from digitized products. This platform facilitates quick deployment of customer engagement experiences and incorporates RFID, NFC, and BLE technologies. Features include a digital customer audit trail, brand protection against product diversion, and a suite of analytics tools. The platform enables transparency in supply chains, enhancing decision-making through data sourced from IoT products across diverse industries.

Identiv reported record revenue of $31.0 million for Q3 2022, a 7% increase from Q3 2021. The total backlog reached $36.9 million, up 31% year-over-year. RFID units shipped grew 17% to 45.4 million despite supply constraints. Premises revenue rose 14% to $11.8 million, outpacing industry growth. However, supply shortages and customer demand shifts negatively impacted Identity revenues by nearly $5.0 million. The company remains debt-free with a cash position of $21.9 million and expects continued growth, projecting 20% to 25% year-over-year growth for 2023.

Identiv (NASDAQ: INVE) announced a substantial order for 25 million IoT Pixel tags from Wiliot, marking the initial phase of a larger commitment aimed at enhancing global supply chain efficiency through the Ambient IoT ecosystem. This innovative technology leverages ambient computing to provide real-time data on various metrics like temperature and carbon footprint, fostering sustainable practices. Identiv's CEO emphasized the unique capabilities of these tags, which are self-powered and can be embedded in products. This collaboration positions Identiv to meet increasing demand for IoT solutions.

Identiv (NASDAQ: INVE) and TrueGreen have launched the world's first smart tamper seal using RFID technology for the cannabis industry. This innovative solution enhances the security and traceability of cannabis products by embedding a unique digital identity within the packaging. The collaboration aims to address complex inventory management challenges, ensuring compliance and operational efficiency across state lines. TrueGreen is set to engage with Standard Wellness for significant operational benefits, including labor savings and improved data management.

Identiv (NASDAQ: INVE) will announce its Q3 financial results for the period ending September 30, 2022, on November 2, 2022, after market close. A conference call is scheduled for 5:00 PM ET to discuss these results. Interested participants can join the call using the provided toll-free number or via webcast. This announcement highlights Identiv's commitment to sharing key financial information with stakeholders, reflecting its transparency and dedication to investor relations.