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Revenue increased 7% to a record $83.8 million, while gross profit increased 10% to $36.7 million, or 43.8% of total revenue.
March 19, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported financial results for the fiscal fourth quarter and year ended Dec. 31, 2019. Revenue for the fiscal year 2019 was a record $83.8 million, an increase of 7% from $78.1 million in fiscal year 2018. The increase in revenue was primarily due to higher revenue in the Premises segment. Revenue in the Premises segment increased 20% to $41.6 million from $34.6 million in the fiscal year 2018. The increase in Premises segment revenue was mainly driven by higher sales of physical...
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