Identiv Stock Price, News & Analysis

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.

Identiv, Inc. (NASDAQ: INVE) announced the appointment of Laura Angelini and Richard Kuntz, MD, MSc to its Board of Directors, enhancing its expertise in IoT solutions for the healthcare sector. Both new directors bring extensive experience in medical technologies and strategic growth from their previous roles in major healthcare firms. This move aligns with Identiv's focus on expanding its IoT offerings in healthcare, aiming to leverage the growing demand for digital transformation. Directors Nina Shapiro and Robin Braun will retire, having contributed significantly to the company's direction.

Identiv, Inc. (NASDAQ: INVE) has announced that Amir Khoshniyati, Vice President and General Manager of Transponders, has been appointed to the NFC Forum Board of Directors. Khoshniyati, with extensive experience in NFC technology, aims to enhance innovation and standards within the Healthcare Task Force. His involvement is expected to drive growth in NFC-enabled IoT applications across various sectors. This leadership role comes at a crucial time as NFC adoption rises, with Khoshniyati set to collaborate with key industry players like Apple and Google.