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Results show first quarter revenue of $14.9 million and Adjusted EBITDA of $(1.9) million
May 14, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. announced financial results for the first quarter of 2015. For the first quarter, total revenues were $14.9 million, GAAP gross profit margin was 41% and adjusted EBITDA was $(1.9) million. “During the first quarter, we continued to tune and focus our business operations, which resulted in strong sales in our premises and credential product lines,” said Jason Hart, CEO of Identiv. “However, despite this strength in premises and credentials, we experienced an unexpected decline i...
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