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Premises revenues grew 15% year-over-year; RFID units shipped increased 18% year-over-year.
November 9, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported its financial results for the third quarter ended Sept. 30, 2023. Third quarter revenue was $31.8 million, up 3% year-over-year, record quarterly revenues. Q3 2023 GAAP gross margin grew to 37.5%, up 140bps year-over-year; non-GAAP gross margin grew to 39.1%, up 178bps year-over-year. Non-GAAP adjusted EBITDA was $2.2 million, up 6% year-over-year, highest level in eight quarters. Identiv reported record quarterly sales for Premises, growing 15% year-over-year to $13...
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