Identiv (INVE) AI Stock Analysis

• Market Cap: $78.88M
• Dividend Yield: N/A
• Average Volume (3M): 78.85K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.86
• Revenue Growth: -77.64%
• EPS Growth: -243.23%
• Country: US
• Employees: 166
• Sector: Technology
• Sector Strength: 94
• Industry: Computer Hardware
• EPS (TTM): -0.21
• Shares Outstanding: 23,617,378
• 10 Day Avg. Volume: 104,912
• 30 Day Avg. Volume: 78,851
• PEG Ratio: -3.34
• Price to Book (P/B): 0.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.20
• Enterprise Value/Market Cap: -0.66
• Enterprise Value/Revenue: -0.23
• Enterprise Value/Gross Profit: 4.70K
• Enterprise Value/Ebitda: 0.64
• 1Y Price Target: $5.50
• Price Target Upside: 60.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 53 Neutral
• Price Target: $3.50 ▲(2.34%Upside)

Identiv's overall score reflects significant operational and financial challenges, primarily due to negative profitability and cash flow issues. While technical analysis indicates some short-term bullish momentum, the lack of earnings growth and unfavorable valuation metrics weigh heavily on the stock's attractiveness. Strategic partnerships and operational transitions offer some future potential but are overshadowed by current financial difficulties.

Positive Factors

Financial Position

Identiv ended with a strong cash position of $146M, with a clear capital allocation plan including organic investments, strategic M&A, working capital, and a buyback.

Manufacturing and Productivity

The manufacturing transition from Singapore and Thailand remains largely on track, with expectations to reach full productivity in Thailand soon.

Strategic Growth

Identiv remained bullish on organic and inorganic growth opportunities and was optimistic about its position within RFID, NFC, HF, and BLE technology.

Negative Factors

Enterprise Value

The analyst sees the current negative enterprise value as an attractive risk/reward opportunity for patient investors.

Gross Margin

The company expects its gross margin to improve to 26%-28% after shifting production to Thailand and achieving full productivity.

Identiv Business Overview & Revenue Model

Company Description

Identiv, Inc. is a global provider of physical security and secure identification solutions within the Internet of Things (IoT) ecosystem. The company operates across several sectors, including identity management, physical access control, and RFID-enabled smart devices. Identiv's core products and services include access cards, readers, RFID transponders, inlays, and software solutions that secure data and protect critical assets in various industries.

How the Company Makes Money

Identiv generates revenue through the sale of its hardware and software products, as well as related services. The company's key revenue streams include physical access control systems, RFID-enabled devices, and identity management solutions. Identiv also benefits from strategic partnerships and collaborations with technology and security companies to expand its market reach. Revenue is primarily driven by direct sales to enterprises, government agencies, and other organizations requiring secure identification and access solutions.

Identiv Financial Statement Overview

Summary

Identiv faces significant operational challenges with negative margins impacting profitability. The balance sheet remains stable with low leverage, but 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	26.63M	116.38M	112.92M	103.77M	86.92M
Gross Profit	340.00K	42.16M	40.94M	37.07M	33.68M
EBITDA	-24.55M	-2.17M	2.12M	4.10M	-257.00K
Net Income	74.82M	-5.49M	-392.00K	1.62M	-5.11M
Balance Sheet
Total Assets	163.22M	109.72M	102.77M	96.66M	78.68M
Cash, Cash Equivalents and Short-Term Investments	135.65M	23.31M	16.65M	28.55M	11.41M
Total Debt	2.02M	15.38M	4.56M	2.21M	3.55M
Total Liabilities	9.16M	35.45M	27.37M	22.15M	44.49M
Stockholders Equity	154.07M	74.27M	75.39M	74.51M	34.19M
Cash Flow
Free Cash Flow	-16.93M	-3.13M	-11.71M	-859.00K	-3.33M
Operating Cash Flow	-15.43M	1.16M	-7.81M	1.23M	-1.77M
Investing Cash Flow	141.49M	-4.15M	-3.87M	-1.48M	-1.56M
Financing Cash Flow	-13.63M	10.07M	-1.04M	19.34M	4.85M

Identiv Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.42
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• 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 3.42 is above the 20-day moving average (MA) of 3.27, above the 50-day MA of 3.25, and below the 200-day MA of 3.48, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 57.12 is Neutral, neither overbought nor oversold. The STOCH value of 57.64 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
Sector *	63 Neutral	$34.16B	5.47	-11.67%	1.85%	5.30%	-18.30%
ALOT	61 Neutral	$86.67M	16.92	-19.13%	―	7.14%	-415.34%
OSS	59 Neutral	$120.90M	―	-44.43%	―	-4.34%	-82.08%
INVE	53 Neutral	$78.88M	―	-22.95%	―	-77.64%	-243.23%
TACT	52 Neutral	$37.50M	―	-25.34%	―	-25.06%	-1624.61%
QMCO	41 Neutral	$56.20M	―	33.98%	―	-17.08%	-223.70%

Identiv Corporate Events

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.

The most recent analyst rating on (INVE) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on Identiv stock, see the INVE Stock Forecast page.

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.

The most recent analyst rating on (INVE) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on Identiv stock, see the INVE Stock Forecast page.