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Identive Group (INVE)
:INVE
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.22Last Year’s EPS
-0.21Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -5.19%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. Identiv successfully transitioned to a more focused business model and established strong partnerships, while also facing significant challenges with declining revenues, increased losses, and gross margin issues due to production transitions.Company Guidance
During Identiv's fourth quarter and fiscal year 2024 earnings call, the company outlined its strategic focus following the divestiture of its physical security business, emphasizing its commitment to becoming a leading provider of specialty RFID and Bluetooth Low Energy (BLE) solutions. The transition of production from Singapore to a low-cost facility in Thailand was highlighted, with 75% of production already shifted, aiming for a long-term non-GAAP gross margin target of 35%. The company reported fourth quarter revenue of $6.7 million and a non-GAAP gross margin of negative 5.2%, impacted by the production transition. Fiscal year revenue was $26.6 million, with a non-GAAP gross margin of 8%. Operating expenses were tightly controlled, with non-GAAP operating expenses totaling $17.9 million for the year. The call also detailed new product developments and strategic partnerships, including a collaboration with Novanta in the healthcare sector, as well as plans to expand the company's commercial reach under new leadership. Identiv is committed to its perform, accelerate, transform (PAT) framework, focusing on high-value healthcare and consumer applications to drive growth and improve financial performance.Strategic Transition to Pure-Play IoT Solutions
Identiv successfully transitioned to a pure-play provider of specialty RFID and Bluetooth Low Energy (BLE) solutions, following the sale of its physical security business. This move has significantly strengthened its financial position.
Significant Production Transition
75% of RFID production transitioned from Singapore to a low-cost facility in Thailand by year-end, with expectations to complete the transition by the end of Q2 2025, which is anticipated to improve gross margins.
Partnership with Novanta
A strategic partnership with Novanta was announced to offer comprehensive consumable authentication solutions to medical device and diagnostic OEMs, enhancing product safety and accuracy.
Revenue Above Guidance
Fourth quarter 2024 revenue was $6.7 million, exceeding the midpoint of the previously announced outlook by approximately $600,000.
Strong Cash Position
Exited Q4 2024 with $135.9 million in cash and cash equivalents and restricted cash, an increase of $111 million since December 31, 2023.
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INVE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INVE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $3.47 | $3.24 | -6.63% |
| Nov 07, 2024 | $3.58 | $3.95 | +10.34% |
| Aug 08, 2024 | $3.59 | $3.07 | -14.48% |
| May 08, 2024 | $5.01 | $4.46 | -10.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Identive Group (INVE) report earnings?
Identive Group (INVE) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Identive Group (INVE) earnings time?
Identive Group (INVE) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INVE EPS forecast?
INVE EPS forecast for the fiscal quarter 2025 (Q1) is -0.22.
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