Flexible Electronics News

Identiv Reports 2Q 2024 Financial Results

Revenue from continuing operations for 2Q 2024 was $6.7 million, compared to $11.5 million in 2Q 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Identiv, Inc. released its financial results for the second quarter ended June 30, 2024. On April 2, 2024, Identiv entered into a definitive asset purchase agreement to sell its physical security, access card, and identity reader operations and assets (the Physical Security Business) to a wholly owned subsidiary of Vitaprotech, a security solutions provider. Under the terms of the agreement, Identiv will receive a cash payment of $145 million upon closing of the transaction, subject to cus...

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