Identiv, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:21 pm EST
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Identiv, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 31.85 million compared to USD 31 million a year ago. Net loss was USD 0.022 million compared to net income of USD 0.519 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the nine months, sales was USD 87.4 million compared to USD 83.91 million a year ago. Net loss was USD 3.89 million compared to USD 0.731 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.21 compared to USD 0.07 a year ago.
Identiv, Inc. is a global provider of secure identification and physical security. The Company operates through two segments: Identity segment and Premises segment. Identity segment designs, technologies, and intellectual property (IP) that enable the secure digital capabilities of radio-frequency identification (RFID) chips to work within the analog world of antennas, power harvesting, data conversion and security. Premises segment offers a comprehensive, end-to-end product line with customization that meets the varying needs of the customers. Premises business product portfolio includes identity credentials, access readers, access control systems, video management systems, and video analytics, deployed in a hyper-converged platform or a cloud-based architecture. The Companyâs software platform for premises digitization enables centralized management of a physical place, including control of doors, cameras, gates, elevators and other building equipment.