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Total revenue increases 17% year-over-year, driven by 27% sequential growth in identity, and all outstanding debt retired.
November 3, 2021
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported financial results for the third quarter ended Sept. 30, 2021, demonstrating sustained growth in the broad adoption of RFID devices and continued strong demand from the federal market. Total revenue grew 21% quarter-over-quarter and 17% year-over-year to a record $29.1 million. Revenues in the Identity segment grew 21% year-over-year to $18.7 million from $15.4 million, primarily due to higher sales of RFID products. Revenues in the Premises segment grew 10% year-over-year...
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