Flexible Electronics News

Identiv Reports First Quarter 2020 Results

Backlog for Q2’2020 increased 85% from the prior quarter and a 100% from the same period last year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Identiv, Inc. reported financial results for the fiscal first quarter ended March 31, 2020. Revenue for the first quarter of 2020 was $18.1 million, a decrease of 7% from $19.5 million in the first quarter of 2019 and a decrease of 4% from $19 million in the fourth quarter of 2019. Recurring revenue increased 13% year-over-year to $2 million. Software and services revenue were 15% of total revenue or $2.8 million. Backlog for Q2’2020 increased 85% from the prior quarter and a 100% from the sam...

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