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RFID revenue increases more than 100% year-over-year, driving positive earnings per share.
November 13, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identiv, Inc. reported financial results for the third quarter ended Septe. 30, 2020. Total revenue grew 30% sequentially to $24.9 million. GAAP gross margin was 40% in the third quarter of 2020, consistent with the prior quarter and a decrease from 46% in the third quarter of 2019. Revenue in Identity grew 33% sequentially to $15.4 million, while RFID grew more than 100% year-over-year, on track for full-year 80% growth. Revenue in Premises grew 26% sequentially, predominantly due t...
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