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Fourth quarter revenue increases 31% and RFID revenue increases more than 100% year-over-year.
March 4, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Driven by 100% growth in its RFID business, Identiv, Inc. reported its financial results for the fourth quarter and fiscal year ended Dec. 31, 2020. In the fourth quarter of 2020, total revenue grew 31% year-over-year to $24.8 million, led by RFID, which grew more than 100% year-over-year for the second consecutive quarter. In fiscal year 2020, Identiv shipped more than 130 million RFID units while increasing average unit prices (AUP) by 20%, and grew federal sales approximately 30% over t...
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