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CEO says revenue performance was at lower end of expectations
May 10, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identive Group, Inc. announced preliminary results for the fiscal first quarter (Q1), ended March 31, 2012. “Our Q1 revenue performance was at the lower end of our expectations, reflecting typical seasonality, the absence of new contracts for the German national ID program, which contributed $2.9 million in the 2011 first quarter, and order deferrals from two large Transponder customers. Sales of our higher-margin enterprise security systems grew 10% due to a widening customer base in the U....
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