Identiv Q2 revenue $27.9M (+16% YoY); RFID up 41%, net loss $0.3M

Identiv, Inc.

2022-Q2 EPS reported -$0.08 revenue$52,918,000

Total revenue $27.9M (+16% YoY); GAAP net loss $0.3M ($0.02 EPS) vs net income $2.5M in Q2 2021 including $2.9M debt forgiveness gain.
RFID revenue +41% YoY; Premises revenue +19% YoY (three times industry average); backlog $34.2M, +23% YoY.
GAAP gross margin 37% (+87 bps sequentially); Non-GAAP gross margin 38% (+97 bps sequentially).
Non-GAAP adjusted EBITDA $1.4M vs $0.2M prior quarter and $1.2M prior year; debt-free with $25.9M cash.
FY2022 revenue guidance expanded to $125M-$135M; reaffirms 30-35% YoY growth in FY2023.

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