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Record revenue for a fiscal first quarter, with stable gross margins year-over-year.
May 9, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported its financial results for the first quarter ended March 31, 2023. Recent financial and operational highlights: • First quarter revenue grew 4% year-over-year to $26.0 million, a fiscal first quarter record. • Premises revenue grew 8% year-over-year to $11.3 million; Identity revenue grew 1% year-over-year to $14.7 million. • GAAP gross margin in Q1 2023 was 35.4%; non-GAAP gross margin in the first quarter was flat year-over-year at 37.1%. • Shipped 10 million units...
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