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Identiv sells IoT business to Trackonomy for $50M in preferred stock; boosts buyback to $40M
Sale of specialty IoT business (assets + Thailand sub) to Trackonomy for $50M Series C Preferred; Identiv contributes $25M cash.
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Identiv Q1 revenue $7.4M beats guidance; GAAP gross margin jumps to 17.4% from 2.5%
Revenue of $7.4M (up 40% YoY from $5.3M), exceeding previously announced guidance.
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Identiv Q4 revenue $6.2M, beats guidance; net loss narrows to $3.7M
Q4 revenue $6.2M exceeded guidance; down 7.5% YoY from $6.7M due to exit of low-margin business.
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Identiv Q3 revenue $5.0M (-23% YoY); gross margin expands to 10.7% on Thailand production shift
Revenue $5.0M vs $6.5M YoY; GAAP net loss from continuing ops $(3.5)M ($0.15 loss per share) vs $(9.3)M ($0.40) YoY.
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Identiv Q2 revenue $5.0M, down 25% YoY; GAAP net loss $0.26/sh; guides Q3 $4.8-5.2M
Q2 2025 revenue $5.0M (down 25% YoY); GAAP gross margin negative 9.4% on Thailand transition costs and inventory obsolescence.
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Identiv CFO Justin Scarpulla resigns; Ed Kirnbauer named Acting CFO
CFO Justin Scarpulla resigns effective July 11, 2025, to pursue another opportunity; no disagreement with company.
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Identiv stockholders approve board declassification; governance changes effective June 10, 2025
Board declassification approved (14.9M for, 1.6M against); classified structure ends at 2026 annual meeting.
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Identiv Q1 revenue falls 21% YoY to $5.3M; net loss $0.21 per share
GAAP revenue $5.3M vs $6.7M YoY; decline driven by exit of low-margin business.
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Identiv appoints Mick A. Lopez to Board; directors tender conditional resignations as part of declassification plan
Appointed Miguel A. Lopez, former Ribbon Communications CFO, to Board effective April 9, 2025; term ends at 2026 annual meeting.
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Identiv FY2024 revenue $26.6M (-39% YoY); Q1 2025 guidance $4.8-5.1M
FY2024 revenue $26.6M vs $43.4M in FY2023; GAAP net loss ($25.9M) or ($1.14)/diluted share.
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Identiv Q3 revenue down 44% to $6.5M; GAAP net loss $9.3M; $135M asset sale proceeds
Revenue $6.5M vs $11.7M YoY; GAAP gross margin 3.6%, non-GAAP 9.3%.
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Identiv closes $144.2M sale of Physical Security Business; CEO replaced by Newquist
Closed asset sale to Hawk Acquisition (Vitaprotech) for ~$144.2M cash, subject to adjustments.
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Identiv receives CFIUS clearance for $145M sale of physical security business
CFIUS concluded its review with no unresolved national security concerns.
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Identiv Q2 IoT revenue falls 42% to $6.7M, net loss widens; $145M asset sale awaiting CFIUS
Q2 IoT revenue $6.7M (down from $11.5M YoY); GAAP net loss from IoT business ($6.9M) or ($0.31)/share.
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Identiv shareholders approve $145M sale of physical security business to Vitaprotech
Sale of Physical Security Business to Hawk Acquisition (Vitaprotech) for $145M cash plus liability assumption approved; For 20.96M, Against 811k.
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Identiv reports Q1 loss, signs $145M asset sale to Vitaprotech; gross margin hits 10-quarter high
Q1 revenue $22.5M (down 13% YoY); GAAP net loss ($4.6M), or ($0.21) per share; non-GAAP adj. EBITDA ($1.4M).
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Identiv files European lawsuits against Tageos for trade secret theft; Munich hearing set for May 2024
Initiated multiple legal proceedings in Europe against Tageos SAS for alleged anti-competitive practices and misappropriation of trade secrets.
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Identiv CFO gets base salary raise to $345k, enhanced severance; contingent equity grants to President and CFO
CFO Justin Scarpulla's annual base salary increased from $325k to $345k effective April 1, 2024.
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Identiv sells Physical Security Business for $145M; CEO to resign at closing
Sale to Hawk Acquisition for $145M subject to adjustments; Vitaprotech SAS guarantees buyer obligations.
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Identiv reports Q4 2023 revenue $29.0M flat YoY, net loss $1.6M; FY revenue record $116.4M
FY 2023 revenue $116.4M, up 3% YoY; GAAP net loss ($5.5M) or ($0.29)/share vs ($0.4M) loss in 2022.
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Identiv reports record Q3 revenue $31.8M; margins and adjusted EBITDA expand
Revenue $31.8M (record), up 3% YoY; Premises segment up 15% YoY to $13.6M.
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Identiv raises CEO base salary to $550k, approves 365k RSUs upon change of control
CEO Steven Humphreys' annual base salary increased to $550,000 effective Sept 1, 2023; paid in stock.
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Identiv Q2 record revenue $29.6M (+6% YoY); net loss narrows to $1.1M; FY guidance unchanged
Q2 revenue $29.6M (record), up 6% YoY; Identity $17.7M, Premises $11.9M.
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Identiv annual meeting: Humphreys elected, say-on-pay and auditor ratified
Steven Humphreys elected Class I director with 11,085,867 For, 3,112,498 Withheld, 4,679,229 broker non-votes.
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Identiv Q1 revenue $26.0M, record; net loss $2.7M; FY guidance reaffirmed $125-130M
Q1 revenue $26.0M (+4% YoY); Identity $14.7M, Premises $11.3M; record fiscal Q1 revenue.
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Identiv raises CFO Justin Scarpulla's base salary to $325,000 and adds up to $125,000 variable comp
CFO Justin Scarpulla's annual base salary increased from $285,000 to $325,000 effective April 1, 2023.
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Identiv reports record FY2022 revenue of $112.9M, guides FY2023 revenue $125-130M
FY2022 revenue $112.9M (up 9% YoY); GAAP net loss $0.4M ($0.07 loss per share) vs. net income $1.6M in FY2021.
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Identiv amends loan with East West Bank; maturity extended to Feb 2025, new cash management sublimit added
Maturity of Nonformula II Facility extended to February 8, 2025.
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Identiv Q3 2022: Record revenue $31.0M, backlog up 31%; net income down YoY
Record quarterly revenue $31.0M, up 7% YoY; Premises segment $11.8M (+14%), Identity $19.2M (+2%).
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Identiv appoints Angelini and Kuntz to board after resignations of Braun and Shapiro
Robin R. Braun and Nina B. Shapiro resigned from the board effective October 17, 2022.
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Identiv Q2 revenue $27.9M (+16% YoY); RFID up 41%, net loss $0.3M
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.
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Identiv announces stockholder voting results from 2022 Annual Meeting
Class II directors Robin R. Braun and James E. Ousley elected with 9.28M and 12.30M votes for, respectively.
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Identiv Q1 revenue $25.1M (+13% YoY); net loss narrows; guidance reaffirmed
Q1 revenue $25.1M (+13% YoY); Identity segment +7% to $14.6M, Premises +23% to $10.5M.
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Identiv replaces $20M revolving credit facility with non-formula loan; lowers interest rate, adjusts covenants.
Old $20M borrowing-base revolving facility terminated; new $20M non-formula revolving facility established with no borrowing base.
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Identiv furnishes investor presentation; no specific material updates disclosed in filing
Presentation titled 'Enabling the IoT: Creating a Digital Identity for Every Physical Object' filed April 13, 2022.
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Identiv reports record FY2021 revenue $103.8M, up 19%; guides FY2022 $130-135M
FY2021 GAAP net income $1.6M ($0.02/diluted share) vs FY2020 net loss $5.1M ($0.34 loss/share).
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Identiv appoints Justin Scarpulla as CFO effective Dec 6, 2021
Justin Scarpulla appointed as CFO, effective Dec 6, 2021, replacing interim CFO Edward Kirnbauer.
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Identiv Q3 revenue $29.1M (+17% YoY), net income $2.5M; raises FY2021 guidance to $103-105M
Total revenue $29.1M, up 17% YoY and 21% QoQ; GAAP net income $2.5M ($0.09 diluted EPS); non-GAAP adjusted EBITDA $3.2M.
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Identiv appoints Ed Kirnbauer as Interim CFO; CEO Humphreys steps down as Acting CFO
Effective Oct 20, 2021, Ed Kirnbauer named Interim CFO, Principal Financial & Accounting Officer.
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Identiv Q2 revenue up 26% to $24M; GAAP net income $0.09 EPS; raises FY guidance; CFO resigns
Q2 revenue $24.0M (+26% YoY); GAAP net income $2.5M ($0.09 diluted EPS) vs $2.7M loss a year ago.