Flexible Electronics News

Identiv Reports 2Q 2021 Results

Total revenue increases 26% year-over-year, driven by 39% growth in RFID.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Identiv, Inc. reported financial results for the second quarter ended June 30, 2021, demonstrating continued growth in the adoption of RFID and strong sales to the federal government. Revenue for the second quarter of 2021 was $24 million, an increase of 26% from $19.1 million in the second quarter of 2020. Revenues in the Identity segment grew 27% year-over-year to $14.8 million from $11.6 million, primarily due to higher sales of RFID products. Revenues in the Premises segment grew 23% year-o...

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