---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-134273"
form_type: "8-K"
ticker: "INVE"
cik: "0001036044"
company_name: "Identiv, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:30:31.713240+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Identiv reports Q1 loss, signs $145M asset sale to Vitaprotech; gross margin hits 10-quarter high

## Summary
- Q1 revenue $22.5M (down 13% YoY); GAAP net loss ($4.6M), or ($0.21) per share; non-GAAP adj. EBITDA ($1.4M).
- Signed definitive asset purchase agreement to sell physical security/identity operations for $145M cash to Vitaprotech; expected close Q3 2024.
- GAAP gross margin 37.3%, non-GAAP 39.9% – highest since Q3 2021.
- Appointed Kirsten Newquist as President, IoT Solutions; will become CEO post-close.
- Q2 2024 revenue guidance $23M-$25M.

## SEC filing metadata
- accession: 0001193125-24-134273
- form_type: 8-K
- ticker: INVE
- cik: 0001036044
- company_name: Identiv, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1036044/000119312524134273/0001193125-24-134273-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1036044/000119312524134273/d825177d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-134273
- JSON: https://secwatch.observer/filing/0001193125-24-134273.json
- Plain text: https://secwatch.observer/filing/0001193125-24-134273.txt

## Key facts
- Earnings Releases
  Identiv, Inc. reported first quarter ended March 31, 2024 results: revenue $22.5 million, net income ($4.6) million, or ($0.21) per basic and diluted share, EPS ($0.21) per basic and diluted share. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $22.5 million
  - Net income: ($4.6) million, or ($0.21) per basic and diluted share
  - EPS: ($0.21) per basic and diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue for the first quarter 2024 was $22.5 million, compared to $29.0 million in the prior quarter and $26.0 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1036044/000119312524134273/0001193125-24-134273-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.