Identiv (INVE) AI Stock Analysis

• Market Cap: $73.69M
• Dividend Yield: N/A
• Average Volume (3M): 46.27K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: -77.64%
• EPS Growth: -243.23%
• Country: US
• Employees: 166
• Sector: Technology
• Sector Strength: 79
• Industry: Computer Hardware
• EPS (TTM): -0.21
• Shares Outstanding: 23,617,378
• 10 Day Avg. Volume: 29,158
• 30 Day Avg. Volume: 46,269
• PEG Ratio: 2.35
• Price to Book (P/B): 2.18
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -14.01
• Enterprise Value/Market Cap: 2.06
• Enterprise Value/Revenue: 0.68
• Enterprise Value/Gross Profit: -13.81K
• Enterprise Value/Ebitda: -1.87
• 1Y Price Target: $5.50
• Price Target Upside: 76.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 52 Neutral
• Price Target: $3.50 ▲(12.18%Upside)

Identiv's stock score is primarily influenced by its financial performance, which faces significant challenges due to negative margins and cash flow issues. Technical analysis shows mixed signals, with some bearish momentum. The valuation is concerning with a negative P/E ratio, suggesting overvaluation. The earnings call provided a mixed outlook, with strategic initiatives underway but ongoing financial difficulties and market uncertainties.

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. 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 segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security. The Premises segment provides solutions for premises security market, such as access control, video surveillance, analytics, audio, access readers, and identities to government facilities, schools, utilities, hospitals, stores, apartment buildings, and shops. The company sells its products through dealers, systems integrators, value added resellers, and resellers. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.

How the Company Makes Money

Identiv makes money through the sale of its physical security and identification products and services. The company's revenue streams include product sales, which cover access control systems, RFID inlays and tags, and secure credentials. Additionally, Identiv generates income from services such as software licenses and subscriptions for identity management solutions, as well as maintenance and support services. Key factors contributing to its earnings include strategic partnerships and contracts with government agencies and private sector clients, leveraging its expertise in security and identification technologies.

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
25.24M	26.63M	116.38M	112.92M	103.77M	86.92M
	Gross Profit
-11.00K	340.00K	42.16M	40.94M	37.07M	33.68M
	EBIT
-28.37M	-27.96M	-4.34M	-131.00K	-530.00K	-1.99M
	EBITDA
-26.86M	-24.55M	-2.17M	2.12M	4.10M	-257.00K
	Net Income Common Stockholders
74.59M	74.82M	-5.49M	-392.00K	1.62M	-5.11M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
132.38M	135.65M	23.31M	16.65M	28.55M	11.41M
	Total Assets
158.74M	163.22M	109.72M	102.77M	96.66M	78.68M
	Total Debt
1.82M	2.02M	15.38M	4.56M	2.21M	3.55M
	Net Debt
-130.56M	-133.63M	-7.93M	-12.09M	-26.35M	-7.86M
	Total Liabilities
8.24M	9.16M	35.45M	27.37M	22.15M	44.49M
	Stockholders Equity
150.50M	154.07M	74.27M	75.39M	74.51M	34.19M
Cash Flow		Free Cash Flow
-18.97M	-16.93M	-3.13M	-11.71M	-859.00K	-3.33M
	Operating Cash Flow
-17.41M	-15.43M	1.16M	-7.81M	1.23M	-1.77M
	Investing Cash Flow
141.42M	141.49M	-4.15M	-3.87M	-1.48M	-1.56M
	Financing Cash Flow
-13.45M	-13.63M	10.07M	-1.04M	19.34M	4.85M

Identiv Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVE, the sentiment is Negative. The current price of 3.12 is below the 20-day moving average (MA) of 3.28, below the 50-day MA of 3.22, and below the 200-day MA of 3.50, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 41.02 is Neutral, neither overbought nor oversold. The STOCH value of 14.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INVE.

Identiv Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$11.80B	10.10	-7.47%	2.99%	7.37%	-8.16%
OSS	60 Neutral	$82.90M	―	-44.43%	―	-4.34%	-82.08%
ALOT	56 Neutral	$68.06M	16.92	-19.13%	―	7.14%	-415.34%
TACT	55 Neutral	$35.28M	―	-25.34%	―	-25.06%	-1624.61%
INVE	52 Neutral	$73.69M	―	-22.95%	―	-77.64%	-243.23%
QMCO	41 Neutral	$64.88M	―	33.98%	―	-17.08%	-223.70%

Identiv Corporate Events

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.

Identiv Appoints Miguel A. Lopez to Board

Identiv, Inc. announced the appointment of Miguel A. Lopez to its board of directors effective April 9, 2025. Lopez, who has held significant financial leadership roles in various companies, will serve until the 2026 annual meeting of stockholders. In addition, the company is moving forward with plans to declassify its board, with conditional resignations from several directors contingent upon stockholder approval of an amendment to the company’s certificate of incorporation. This move aims to enhance corporate governance practices by allowing all directors to stand for election annually if the amendment is approved.