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Identiv's Financial Results for Q3 2025

Identiv, Inc. (NASDAQ: INVE), a prominent player in RFID and BLE-enabled Internet of Things (IoT) solutions, has announced its financial results for the third quarter ending September 30, 2025. The company's proactive strategy, known as Perform-Accelerate-Transform (P-A-T), has shown significant impact on its operating performance, particularly in its gross margins.

Quarter Highlights

In the third quarter of 2025, Identiv reported revenues of $5.0 million, which reflects a decrease compared to $6.5 million in the same quarter of 2024. This drop was anticipated as the company exited lower-margin business segments earlier in the year. However, gross margins exhibited a notable improvement; GAAP gross margin increased to 10.7% from 3.6% year-over-year, while the non-GAAP gross margin surged from 9.3% to 19.1%.

The strategic transition of production to Thailand played a crucial role in achieving better cost efficiency by reducing both manufacturing overhead and direct labor costs. Kirsten Newquist, Identiv's CEO, highlighted this transition as a pivotal move to enhance the company’s overall profitability and market competitiveness.

Operating Expenses and Losses

GAAP operating expenses for Q3 2025 totaled $6.1 million, showing a substantial drop from $9.8 million in Q3 2024. The reduction was primarily due to fewer costs associated with strategic reviews. Non-GAAP operating expenses were reported at $4.5 million, down from $5.1 million last year, reflecting disciplined management and resource allocation in support of Identiv’s organic growth initiatives.

Despite the overall decrease in revenue, the net loss from continuing operations narrowed significantly to ($3.5) million, or ($0.15) per share, compared to ($9.3) million, or ($0.40) per share, reported in Q3 2024. This improvement stems partly from minimizing costs linked to the company's strategic review and a considerable reduction in related expenses.

Future Outlook

Looking ahead, Identiv's management anticipates fourth-quarter revenues to fall between $5.4 million and $5.9 million. This guidance is influenced by current market trends and macroeconomic conditions, alongside expected customer demands.

Identiv will hold a conference call to discuss the results and outlook on November 10, 2025, where investors will have the opportunity to ask questions about the financial performance and future guidance.

About Identiv

Identiv is a global leader in creating IoT solutions that enhance the digital identity of physical objects, facilitating better connectivity in various sectors from healthcare to consumer electronics. With over 2 billion applications worldwide utilizing its technology, Identiv is well-positioned to continue innovating and expanding its influence in the industry. To learn more about their offerings, visit identiv.com.

Conclusion

The third-quarter results underscore Identiv's commitment to transforming its operational model and enhancing its financial outlook. With strategic manufacturing transitions and a clear focus on BLE innovation, Identiv is well-equipped to navigate the evolving market landscape and capitalize on the burgeoning demand for RFID and BLE technologies.