Identiv Q3 2022: Record revenue $31.0M, backlog up 31%; net income down YoY

Identiv, Inc.

2022-Q3 EPS reported -$0.07 revenue$83,914,000

Record quarterly revenue $31.0M, up 7% YoY; Premises segment $11.8M (+14%), Identity $19.2M (+2%).
GAAP net income $0.5M ($0.01/diluted share) vs $2.5M ($0.10) in Q3 2021; adjusted EBITDA $2.0M vs $3.2M.
Total backlog $36.9M, +31% YoY; Q4 backlog $16.6M, +42% YoY and +19% sequentially.
FY2022 revenue guidance updated to $112M-$118M; FY2023 growth guided 20%-25% YoY.
Customer demand shifts and supply shortages impacted Identity revenues by ~$5.0M in the quarter.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Identiv, Inc. reported third quarter ended September 30, 2022 results: revenue $31.0 million, net income $0.5 million, EPS $0.01 per basic and diluted share.

Period: third quarter ended September 30, 2022
Revenue: $31.0 million
Net income: $0.5 million
EPS: $0.01 per basic and diluted share
Result: reported results

Exact text from the filing

press release is attached hereto as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Identiv Reports Third Quarter 2022 Results Record Quarterly Total Revenue at $31.0 Million Total Backlog Grew to $36.9M, up 31% Year-Over-Year RFID Units Shipped Grew 17% Year-Over-Year Premises Up 14% Year-Over-Year, Much Faster than Industry Average Growth FREMONT,

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Source: SEC EDGAR

accession 0001193125-22-275857

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