Identiv reports Q4 2023 revenue $29.0M flat YoY, net loss $1.6M; FY revenue record $116.4M

Identiv, Inc.

FY 2023 revenue $116.4M, up 3% YoY; GAAP net loss ($5.5M) or ($0.29)/share vs ($0.4M) loss in 2022.
Q4 2023 revenue $29.0M flat YoY; GAAP net loss ($1.6M) ($0.08)/share vs $0.3M profit in Q4 2022.
Non-GAAP adjusted EBITDA FY 2023 $2.8M vs $5.4M in 2022; Q4 2023 $0.9M vs $1.7M in Q4 2022.
Q1 2024 guidance: net revenues expected $22M-$24M, citing normal seasonality.
Board-led strategic review continued as major focus; cash from operations $4.8M in Q4.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Identiv, Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $116.4 million, net income ($5.5) million, or ($0.29) per basic and diluted share, EPS ($0.29) per basic and diluted share. Guidance initiated.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $116.4 million
Net income: ($5.5) million, or ($0.29) per basic and diluted share
EPS: ($0.29) per basic and diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

hereto as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Identiv Reports Fourth Quarter and Full Year 2023 Financial Results Record Fiscal Year Revenues of $116.4 million Delivered $4.8 million in Cash Flow from Operations in Fourth Quarter 2023 Secured Second Facility in Thailand for Future RFID Production FREMONT, Calif. — March 12, 2024 —

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Source: SEC EDGAR

accession 0001193125-24-065910

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