earnings
confidence high
sentiment positive
materiality 0.85
Identiv Q3 revenue $29.1M (+17% YoY), net income $2.5M; raises FY2021 guidance to $103-105M
Identiv, Inc.
2021-Q3 EPS reported
$0.12
revenue$75,252,000
- Total revenue $29.1M, up 17% YoY and 21% QoQ; GAAP net income $2.5M ($0.09 diluted EPS); non-GAAP adjusted EBITDA $3.2M.
- Identity segment revenue $18.7M (+21% YoY); Premises $10.4M (+10% YoY); RFID units shipped up 19% YoY to ~120M YTD.
- All outstanding debt retired; cash $29.2M; operating cash flow $2.9M (up $5.3M QoQ).
- FY2021 revenue guidance raised to $103-105M; initial FY2022 guidance $130-135M (25-30% growth) with RFID growth 40-50%.
- Q4 backlog $11.7M (+18% YoY); new orders in first three weeks of Q4 $7.5M (+46% YoY); secured initial 20M-unit frame order in cannabis.