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Record fiscal year revenues of $116.4 million, secured second facility in Thailand for future RFID production.
March 14, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. released its financial results for the fourth quarter and fiscal year ended Dec. 31, 2023. Revenue for fiscal year 2023 was $116.4 million, a 3% increase from $112.9 million in fiscal year 2022. By segment, Identity revenues were $68.1 million and Premises revenues were $48.3 million. Fiscal year 2023 GAAP gross margin was 36.2% and non-GAAP gross margin was 37.9%. GAAP net loss in fiscal year 2023 was ($5.5) million, or ($0.29) per basic and diluted share, compared to GAAP n...
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