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Record revenue for a fiscal second quarter, with strong gross margins year-over-year.
August 7, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported its financial results for the second quarter ended June 30, 2023. Second quarter 2023 revenue grew 6% year-over-year to $29.6 million, a fiscal second quarter record. Premises revenue grew 8% year-over-year to $11.9 million; Identity revenue grew 5% year-over-year to $17.7 million. Q2 2023 GAAP gross margin was 36.7%; non-GAAP gross margin grew to 38.2%. Identiv began production at new facility in Bangkok, Thailand, expanding RFID manufacturing capacity and cost comp...
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