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Total revenue increases 13% year-over-year; RFID unit shipments up 20% year-over-year.
May 5, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported financial results for the first quarter ended March 31, 2022, validating its growth strategy for advanced RFID solutions and the robust demand for its security products from government and commercial customers. Revenue for the first quarter of 2022 was $25.1 million, an increase of 13% from $22.2 million in the first quarter of 2021. Revenues in the Identity segment grew 7% year-over-year to $14.6 million from $13.7 million, primarily due to higher sales of RFID product...
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