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
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.
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