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Reports record quarterly total revenue at $31 million; total backlog grew to $36.9 million, up 31% year-over-year.
November 3, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported financial results for the third quarter ended Sept. 30, 2022, reflecting record levels of revenue in both business segments and total backlog for future shipments. Revenue for the third quarter of 2022 was $31 million, an increase of 7% from $29.1 million in the third quarter of 2021. Revenues in the Premises segment grew 14% year-over-year to $11.8 million from $10.4 million, driven primarily by product and channel strength. Revenues in the Identity segment grew 2% yea...
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