Identiv (INVE)
NASDAQ:INVE
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Identiv
(NASDAQ:INVE)
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Rating:52Neutral
Price Target:
$4.00
▲(7.53% Upside)
Action:Reiterated
Date:05/15/26
The score is held back mainly by weak profitability and negative cash flow despite a strong balance sheet. Earnings-call updates are moderately positive due to improving margins, cost control, and the IFCO program opportunity, while technicals are mixed and valuation is constrained by ongoing losses (negative P/E).
Positive Factors
Strong liquidity and low leverage
A large cash balance and positive working capital, combined with minimal debt, give management runway to fund the IFCO ramp, R&D and working-capital needs without immediate refinancing. This reduces solvency risk and supports multi-quarter execution of strategic plans.
Negative Factors
Ongoing negative cash generation
Sustained negative operating and free cash flows force the company to draw on reserves or raise capital to fund operations and growth. Continued cash burn, even with current liquidity, reduces optionality over months and heightens reliance on execution to reach self-funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and low leverage
A large cash balance and positive working capital, combined with minimal debt, give management runway to fund the IFCO ramp, R&D and working-capital needs without immediate refinancing. This reduces solvency risk and supports multi-quarter execution of strategic plans.
Read all positive factors
Identiv (INVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$98.43M
Dividend YieldN/A
Average Volume (3M)53.65K
Price to Earnings (P/E)―
Beta (1Y)1.09
Revenue Growth-6.38%
EPS Growth41.73%
CountryUS
Employees166
SectorIndustrials
Sector Strength72
IndustryComputer Hardware
Share Statistics
EPS (TTM)-0.71
Shares Outstanding24,006,212
10 Day Avg. Volume37,525
30 Day Avg. Volume53,654
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.65
Price to Sales (P/S)4.25
P/FCF Ratio-11.69
Enterprise Value/Market Cap-0.26
Enterprise Value/Revenue-1.09
Enterprise Value/Gross Profit-10.41
Enterprise Value/Ebitda1.58
Forecast
1Y Price Target
$6.50Price Target Upside74.73% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.6
Revenue Forecast (FY)$25.72M
Identiv Business Overview & Revenue Model
Company Description
Identiv, Inc. operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segmen...
How the Company Makes Money
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Identiv Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial progress (notably strong YoY revenue growth, substantial gross margin improvement, completed manufacturing transition to Thailand, a major IFCO strategic win, and a strong cash position) while acknowledging near-term challenges: softening consumer demand, expected margin variability during IFCO scale-up, continued non‑profitability and planned cash usage. Management presented clear milestones (IFCO pilot/mass production timing, ID Blue commercialization, NPD progress) and disciplined cost control, but conversion of pipeline opportunities and execution risk during the IFCO ramp introduce uncertainty.Positive Updates
Revenue Growth Exceeding Guidance
Q1 2026 revenue of $7.4M vs $5.3M in Q1 2025, a year-over-year increase of ~39.6%. Q1 sales exceeded company guidance, driven by strong demand, new customer conversions and one large customer pulling full-year volume into Q1.
Negative Updates
Near-Term Demand Softening in Consumer-Facing End Markets
Management reported softening demand among consumer-facing customers, particularly for higher-end appliances/devices impacting roughly 25%–30% of the customer base; Q2 revenue guidance ($5.4M–$6.0M) reflects pull-forward into Q1 and some softness going into Q2 (midpoint Q2 vs Q1 implies ~23% sequential decline).
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth Exceeding Guidance
Q1 2026 revenue of $7.4M vs $5.3M in Q1 2025, a year-over-year increase of ~39.6%. Q1 sales exceeded company guidance, driven by strong demand, new customer conversions and one large customer pulling full-year volume into Q1.
Read all positive updates
Company Guidance
Management guided Q2 revenue of $5.4–$6.0M after reporting Q1 revenue of $7.4M (vs. $5.3M in Q1 2025), GAAP/non‑GAAP gross margins of 17.4%/23.8% (vs. 2.5%/10.8% in Q1 2025), GAAP/non‑GAAP operating expenses of $5.5M/$4.4M (vs. $5.6M/$4.5M), a GAAP net loss of $3.4M (‑$0.15/share) and a non‑GAAP adjusted EBITDA loss of $2.7M (vs. $3.9M). They exited Q1 with $124.8M in cash and $129.6M in working capital, expect to use $14–$16M of cash in 2026 excluding strategic‑review costs (including $3.5M capex for the IFCO program, a $1.0M working capital increase and $1.5M of chip purchases), and expect margins to improve over the year but be variable as IFCO scales (pilot >0.5M units starting soon; mass production planned for Q4). Operationally they see OpEx roughly flat, and reiterated commercial targets: a 2026 new‑customer pipeline goal of 125 opportunities with 35 conversions (Q1: 124 pipeline, 8 conversions) and 18 active NPD projects with 3 completed in Q1 (target 7 completions in 2026).Identiv Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.63M | 21.48M | 26.63M | 43.45M | 112.92M | 103.77M |
| Gross Profit | 2.47M | 1.31M | 340.00K | 6.01M | 40.94M | 37.07M |
| EBITDA | -16.25M | -18.60M | -24.55M | -10.65M | 2.12M | 4.10M |
| Net Income | -16.66M | -18.00M | 74.82M | -5.49M | -392.00K | 1.62M |
Balance Sheet | ||||||
| Total Assets | 147.63M | 151.34M | 163.22M | 112.95M | 102.77M | 96.66M |
| Cash, Cash Equivalents and Short-Term Investments | 124.83M | 128.61M | 135.65M | 23.31M | 16.65M | 28.55M |
| Total Debt | 730.00K | 856.00K | 2.02M | 12.24M | 4.56M | 2.21M |
| Total Liabilities | 10.48M | 10.64M | 9.16M | 38.68M | 27.37M | 22.15M |
| Stockholders Equity | 137.15M | 140.70M | 154.07M | 74.27M | 75.39M | 74.51M |
Cash Flow | ||||||
| Free Cash Flow | -8.01M | -7.81M | -16.93M | -3.13M | -11.71M | -859.00K |
| Operating Cash Flow | -6.26M | -6.70M | -15.43M | 1.16M | -7.81M | 1.23M |
| Investing Cash Flow | -1.39M | -810.00K | 141.49M | -4.15M | -3.87M | -1.48M |
| Financing Cash Flow | -612.00K | -431.00K | -13.63M | 10.07M | -1.04M | 19.34M |
Identiv Technical Analysis
Positive
3.72
Price Trends
4.06
Positive
3.70
Positive
3.66
Positive
Market Momentum
-0.08
Positive
47.44
Neutral
55.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVE, the sentiment is Positive. The current price of 3.72 is below the 20-day moving average (MA) of 4.41, below the 50-day MA of 4.06, and above the 200-day MA of 3.66, indicating a neutral trend. The MACD of -0.08 indicates Positive momentum. The RSI at 47.44 is Neutral, neither overbought nor oversold. The STOCH value of 55.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INVE.
Identiv Risk Analysis
Identiv disclosed 30 risk factors in its most recent earnings report. Identiv reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Identiv Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $45.93M | -92.28 | -1.56% | ― | 15.50% | 94.41% | |
65 Neutral | $450.30M | 68.13 | 18.31% | ― | -2.54% | ― | |
64 Neutral | $120.16M | -50.33 | -3.10% | ― | -0.51% | 83.78% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $98.43M | -5.91 | -11.74% | ― | -6.38% | 41.73% | |
51 Neutral | $68.56M | ― | -66.25% | ― | -19.66% | 97.84% | |
47 Neutral | $142.14M | ― | 64.68% | ― | -8.60% | 65.99% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.