Identiv Q2 revenue up 26% to $24M; GAAP net income $0.09 EPS; raises FY guidance; CFO resigns

Identiv, Inc.

2021-Q2 EPS reported $0.02 revenue$46,155,000

Q2 revenue $24.0M (+26% YoY); GAAP net income $2.5M ($0.09 diluted EPS) vs $2.7M loss a year ago.
RFID revenue surged 39% YoY; Identity segment +27%, Premises +23%.
FY 2021 revenue guidance raised to $100-106M (high end increased from prior).
CFO Sandra Wallach resigns effective Aug 6, 2021; executive search for successor underway.
Non-GAAP adjusted EBITDA $1.2M; Q3 backlog $14.6M up 46% sequentially.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Sandra Wallach

Chief Financial Officer and Secretary

INVE · Identiv, Inc.

Effective: 2021-08-06
Filed: August 3, 2021, 7:59 PM ET

On August 2, 2021, Sandra Wallach, the Company’s Chief Financial Officer and Secretary, informed the Company that she is resigning from her positions effective August 6, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sandra Wallach resigned as Chief Financial Officer and Secretary at Identiv, Inc..

Action: resigned
Role: Chief Financial Officer and Secretary

Exact text from the filing

On August 2, 2021, Sandra Wallach, the Company’s Chief Financial Officer and Secretary, informed the Company that she is resigning from her positions effective August 6, 2021.

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Identiv, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-21-234997

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