Identiv (INVE) AI Stock Analysis

• Market Cap: $86.82M
• Dividend Yield: N/A
• Average Volume (3M): 38.40K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: -73.87%
• EPS Growth: -115.50%
• Country: US
• Employees: 166
• Sector: Industrials
• Sector Strength: 72
• Industry: Computer Hardware
• EPS (TTM): -0.26
• Shares Outstanding: 23,721,827
• 10 Day Avg. Volume: 29,795
• 30 Day Avg. Volume: 38,401
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: -0.58
• Enterprise Value/Revenue: -2.15
• Enterprise Value/Gross Profit: 45.94
• Enterprise Value/Ebitda: 2.23
• 1Y Price Target: $4.88
• Price Target Upside: 33.33% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 53 Neutral
• Price Target: $3.50 ▼(-4.37% Downside)

Identiv's overall stock score reflects a mix of strengths and challenges. The company's strong equity position and strategic initiatives are positive, but declining revenue, negative cash flows, and valuation concerns weigh heavily. Technical indicators provide some optimism, but the financial and operational challenges need resolution for a more favorable outlook.

Positive Factors

Strategic Partnership

The partnership with IFCO is expected to drive long-term growth by tapping into a major volume opportunity, enhancing market position in the supply chain sector.

Production Shift

Shifting production to Thailand is a strategic move to lower costs and expand margins, improving long-term operational efficiency and competitiveness.

Strong Cash Position

A strong cash position provides financial flexibility to invest in growth initiatives and weather economic uncertainties, supporting long-term stability.

Negative Factors

Revenue Decline

Declining revenue reflects potential market challenges or competitive pressures, which could hinder growth and market share expansion over time.

Negative Gross Margin

Negative gross margins indicate challenges in cost management and operational efficiency, potentially impacting profitability and financial health.

Competitive and Tariff Pressures

Competitive pressures and tariffs could erode market position and margins, affecting long-term competitiveness and profitability.

Identiv Business Overview & Revenue Model

Company Description

Identiv, Inc. (INVE) is a global provider of physical security and secure identification solutions, operating primarily in the Internet of Things (IoT) and cybersecurity sectors. The company specializes in the design and manufacture of RFID (Radio Frequency Identification) products, smart cards, and biometric solutions aimed at enhancing security for businesses and organizations. Identiv's core offerings include access control systems, identity management solutions, and secure credentialing services, serving a diverse range of industries including government, healthcare, education, and transportation.

How the Company Makes Money

Identiv generates revenue through multiple channels, primarily through the sale of its physical security products such as RFID tags and readers, smart cards, and biometric identification systems. The company also earns income from providing software solutions and services related to identity management and access control. Key revenue streams include direct sales to end-users, partnerships with system integrators and distributors, and recurring revenue from maintenance and support services. Additionally, Identiv has formed strategic alliances with technology firms and security service providers, enhancing its market reach and contributing to its earnings through collaborative projects and integrated solutions.

Identiv Financial Statement Overview

Summary

Identiv faces significant operational challenges, with negative margins impacting profitability. While the balance sheet is stable, cash flow issues persist, indicating potential liquidity concerns. The company needs to address operational inefficiencies to improve its financial health.

Income Statement

The company exhibits significant challenges in its income statement, with a negative gross profit margin of -0.04% and a concerning net profit margin of 295.56% in TTM, driven by unusual net income figures. Revenue growth is negative, indicating a drop from the previous year. The EBIT and EBITDA margins are also negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet shows stability with a healthy equity ratio of 94.82% in TTM and a low debt-to-equity ratio of 0.01, indicating low leverage. However, the return on equity is not calculable due to negative net income in prior periods, which may concern investors.

Cash Flow

Operating cash flow to net income ratio is negative, suggesting cash flow issues despite a high free cash flow to net income ratio due to substantial decrease in net income. Free cash flow growth is negative, highlighting cash management challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.54M	26.63M	43.45M	112.92M	103.77M	86.92M
Gross Profit	-1.10M	340.00K	6.01M	40.94M	37.07M	33.68M
EBITDA	-22.64M	-24.55M	-2.17M	2.12M	4.10M	-257.00K
Net Income	74.76M	74.82M	-5.49M	-392.00K	1.62M	-5.11M
Balance Sheet
Total Assets	153.88M	163.22M	109.72M	102.77M	96.66M	78.68M
Cash, Cash Equivalents and Short-Term Investments	129.34M	135.65M	23.31M	16.65M	28.55M	11.41M
Total Debt	1.69M	2.02M	15.38M	4.56M	2.21M	23.64M
Total Liabilities	7.46M	9.16M	35.45M	27.37M	22.15M	44.49M
Stockholders Equity	146.41M	154.07M	74.27M	75.39M	74.51M	34.19M
Cash Flow
Free Cash Flow	-21.80M	-16.93M	-3.13M	-11.71M	-859.00K	-3.33M
Operating Cash Flow	-19.99M	-15.43M	1.16M	-7.81M	1.23M	-1.77M
Investing Cash Flow	141.31M	141.49M	-4.15M	-3.87M	-1.48M	-1.56M
Financing Cash Flow	-11.33M	-13.63M	10.07M	-1.04M	19.34M	4.85M

Identiv Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 3.66 is below the 20-day moving average (MA) of 3.71, above the 50-day MA of 3.64, and above the 200-day MA of 3.47, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.35 is Neutral, neither overbought nor oversold. The STOCH value of 39.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for INVE.

Identiv Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TACT	60 Neutral	53.99M	-6.21	-32.20%	―	-9.09%	-1586.89%
OSS	60 Neutral	130.01M	-8.99	-53.38%	―	4.65%	-79.75%
INVE	53 Neutral	$86.82M	―	-23.11%	―	-73.87%	-115.50%
ALOT	48 Neutral	79.27M	-4.61	-22.40%	―	0.63%	-364.33%
QMCO	44 Neutral	135.32M	-0.49	70.02%	―	-8.07%	-86.20%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Identiv Corporate Events

Identiv Appoints Ed Kirnbauer as New CFO

Identiv announced the appointment of Ed Kirnbauer as Chief Financial Officer effective August 4, 2025, following his role as Acting CFO since July 2025. The company also reported its second quarter 2025 financial results, showing a decrease in revenue and gross margins compared to the previous year, attributed to strategic transitions and reduced sales. Identiv’s strategic partnerships and innovative solutions are expected to create value for stakeholders despite the financial challenges.

Identiv CFO Justin Scarpulla to Resign in July

On June 17, 2025, Identiv, Inc. announced that its Chief Financial Officer, Justin Scarpulla, will resign effective July 11, 2025, to pursue another opportunity. His departure is not due to any disagreements with the company. Ed Kirnbauer, the company’s Global Corporate Controller, has been appointed as Acting CFO and Secretary. Kirnbauer has extensive experience, having served in various financial roles, including interim CFO at Identiv and positions at other companies. He will receive an increased salary and stock units during his tenure as Acting CFO.

Identiv Announces Corporate Governance Changes Post-Meeting

Identiv, Inc. announced significant changes to its corporate governance structure following the 2025 Annual Meeting held on June 10, 2025. The company’s stockholders approved amendments to declassify the board of directors and exculpate certain officers from liability under specific conditions. These changes, effective immediately, will see all directors stand for election annually starting from the 2026 Annual Meeting. The company also adopted new bylaws to modernize governance practices, including revised procedures for stockholder nominations and proposals, increased quorum requirements, and updated director removal provisions.