Identiv reports record FY2021 revenue $103.8M, up 19%; guides FY2022 $130-135M

Identiv, Inc.

FY2021 GAAP net income $1.6M ($0.02/diluted share) vs FY2020 net loss $5.1M ($0.34 loss/share).
Identity segment revenue up 23% YoY; Premises up 14%; RFID units shipped 185M, up 36% YoY.
Q4 2021 revenue $28.5M (+15% YoY); Q4 GAAP net loss $1.9M ($0.10 loss/share), includes $2.3M bad debt expense.
Backlog $30.2M (+45% YoY); cash $28.6M with no debt; FY2022 revenue guided at $130-135M (25-35% growth).
Exited year with strong order momentum: $12.0M new orders in first month of Q1 2022, up 43% YoY.

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