Identiv, Inc. INVE
Identiv and the Identiv logo are trademarks of Identiv, Inc., registered in many jurisdictions worldwide. Certain product and service brands are also trademarks or registered trademarks of the Company, including SMARTAG and TAM. Other product and brand names not belonging to Identiv that appear in this Annual Report may be trademarks or registered trademarks of their respective owners.
Each of the terms the "Company," "Identiv," "we," "us" and "our" as used herein refers collectively to Identiv, Inc. and its wholly owned subsidiaries, unless otherwise stated.
Our vision is to shape a smarter, healthier, and more sustainable future by creating digital identities for everyday products. Our mission is to develop specialty radio-frequency identification ("RFID") and Internet of Things ("IoT") solutions that address our customers' most significant challenges and create new opportunities for them through the digitization and enhanced connectivity to the IoT. We design, produce, and sell RFID and Bluetooth Low Energy ("BLE") enabled devices, primarily RFID inlays, tags, and labels that can be applied or incorporated into physical objects, providing them with a digital identity and the ability for our customers to track, monitor, authenticate, and engage with consumers. Our IoT inlays, tags, and labels have been integrated into more than a billion and a half applications globally.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- Americas
- Europe and the Middle East
- Asia-Pacific
| Region | FY2025 | FY2024 |
|---|---|---|
| Americas | $10.0M | $12.0M |
| Europe and the Middle East | $7.2M | $7.6M |
| Asia-Pacific | $4.3M | $7.0M |
As the company reported it, from the “Net Revenue by Geographic Region (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.5M | $26.6M | $43.4M | $112.9M | $103.8M | $86.9M | $83.8M | $78.1M | $60.2M | $56.2M |
| Cost of revenue | $20.2M | $26.3M | $37.4M | $72.0M | $66.7M | $53.2M | $47.1M | $44.8M | $38.1M | $32.4M |
| Gross profit | $1.3M | $340.0K | $6.0M | $40.9M | $37.1M | $33.7M | $36.7M | $33.3M | $22.2M | $23.7M |
| R&D | $3.3M | $3.9M | $4.4M | $9.9M | $8.7M | $9.8M | $8.6M | $7.2M | $6.1M | $6.5M |
| SG&A | $13.1M | $18.1M | $9.3M | $10.4M | $11.9M | $8.6M | $9.4M | $10.8M | $7.2M | $11.3M |
| Total operating expenses | $23.5M | $28.3M | $19.5M | $41.3M | $38.4M | $37.1M | $36.8M | $35.2M | $26.8M | $34.9M |
| Operating income | -$22.1M | -$28.0M | -$13.5M | -$333.0K | -$1.3M | -$3.4M | -$109.0K | -$1.9M | -$4.6M | -$11.2M |
| Pre-tax income | -$18.3M | -$25.8M | -$13.8M | -$291.0K | $1.6M | -$5.0M | -$825.0K | -$4.5M | -$8.4M | -$13.6M |
| Income tax | $268.0K | $90.0K | $65.0K | $101.0K | $28.0K | $73.0K | $326.0K | $155.0K | $214.0K | $132.0K |
| Net income | -$18.0M | $74.8M | -$5.5M | -$392.00B | $1.62T | -$5.1M | -$1.2M | -$4.7M | -$8.1M | -$13.7M |
| EPS, basic | -0.79 | 3.14 | -0.29 | -0.07 | 0.02 | -0.34 | -0.13 | -0.35 | -0.61 | — |
| EPS, diluted | -0.79 | 3.14 | -0.29 | -0.07 | 0.02 | -0.34 | -0.13 | -0.35 | -0.61 | -1.25 |
| Shares, diluted (wtd. avg.) | 23.8M | 23.6M | 23.1M | 22.7M | 22.3M | 18.0M | 17.0M | 15.7M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $128.6M | $135.6M | $23.3M | $16.6M | $28.6M | $11.4M | $9.4M | $10.9M | $19.1M | $9.1M |
| Receivables | $4.1M | $4.2M | $7.2M | $24.8M | $20.0M | $18.9M | $18.4M | $15.0M | $12.3M | $9.4M |
| Inventory | $7.4M | $7.5M | $12.6M | $29.0M | $19.9M | $20.3M | $16.1M | $13.6M | $11.1M | $11.6M |
| Total current assets | $142.7M | $152.8M | $79.5M | $75.1M | $72.7M | $53.4M | $46.2M | $42.2M | $44.2M | $31.7M |
| Property, plant and equipment | $7.3M | $7.7M | $8.5M | $6.7M | $4.1M | $2.8M | $2.0M | $2.6M | $2.0M | $2.4M |
| Goodwill | — | — | $10.2M | $10.2M | $10.3M | $10.3M | $10.2M | $9.3M | — | — |
| Other intangibles | — | — | $4.3M | $5.3M | $6.4M | $7.6M | $10.1M | $11.0M | $4.4M | $5.8M |
| Total assets | $151.3M | $163.2M | $109.7M | $102.8M | $96.7M | $78.7M | $74.3M | $66.3M | $51.4M | $40.6M |
| Accounts payable | $3.6M | $2.7M | $5.4M | $15.2M | $10.5M | $11.0M | $8.8M | $5.7M | $5.9M | $6.0M |
| Short-term debt | — | $0 | $9.9M | — | — | $20.1M | $14.2M | — | $888.0K | $786.0K |
| Total current liabilities | $9.4M | $8.0M | $30.8M | $23.4M | $20.8M | $41.6M | $34.5M | $29.5M | $21.0M | $22.6M |
| Long-term debt | — | — | — | — | — | — | — | — | $3.0M | $4.0M |
| Total liabilities | $10.6M | $9.2M | $35.5M | $27.4M | $22.2M | $44.5M | $38.9M | $32.6M | $27.5M | $36.7M |
| Retained earnings | -$358.1M | -$340.1M | -$414.9M | -$409.4M | -$409.0M | -$410.6M | -$405.5M | -$404.4M | -$399.6M | -$391.5M |
| Total equity | $140.7M | $154.1M | $74.3M | $75.4M | $74.5M | $34.2M | $35.5M | $33.7M | $23.9M | $3.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$6.7M | -$15.4M | $1.2M | -$7.8M | $1.2M | -$1.8M | $427.0K | -$5.2M | -$7.7M | -$6.2M |
| Depreciation and amortisation | $2.0M | $2.9M | $2.7M | $2.3M | $2.0M | $3.3M | $3.6M | $3.2M | $2.8M | $3.2M |
| Stock-based compensation | $3.2M | $8.7M | $4.0M | — | $2.6M | $3.0M | $2.6M | $2.6M | $2.5M | $2.8M |
| Capital expenditure | $1.1M | $1.5M | $4.3M | $3.9M | $2.1M | $1.6M | $289.0K | $1.3M | $967.0K | $549.0K |
| Investing cash flow | -$810.0K | $141.5M | -$4.2M | -$3.9M | -$1.5M | -$1.6M | -$1.5M | -$3.4M | -$967.0K | -$549.0K |
| Financing cash flow | -$431.0K | -$13.6M | $10.1M | -$1.0M | $19.3M | $4.9M | -$227.0K | $808.0K | $18.0M | -$221.0K |
| Buybacks | — | $1.9M | — | — | — | — | — | — | — | $221.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-192364.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $56.2M | $60.2M | $78.1M | $83.8M | $86.9M | $103.8M | $112.9M | $43.4M | $26.6M | $21.5M |
| Gross profit | $23.7M | $22.2M | $33.3M | $36.7M | $33.7M | $37.1M | $40.9M | $6.0M | $340.0K | $1.3M |
| Net income | -$13.7M | -$8.1M | -$4.7M | -$1.2M | -$5.1M | $1.62T | -$392.00B | -$5.5M | $74.8M | -$18.0M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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