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Total revenue increases 22% year-over-year, driven by 59% growth in RFID.
May 10, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
RFID is a strong growth opportunity for companies that have developed successful solutions. Identiv, Inc. is one such company, and its 22% overall sales growth, led by a 59% increase in RFID revenue, is proof that it is on the right track. Identiv reported its financial results for the first quarter ended March 31, 2021, with total revenue grew 22% year-over-year to $22.2 million with RFID revenue up 59% year-over-year. The company shipped more than 40 million RFID units, a 53% increase year-ov...
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