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Growth in Identification Products, continued expense reductions drive adjusted EBITDA improvement in seasonally weakest quarter
May 2, 2013
By: DAVID SAVASTANO
Editor, Ink World Magazine
Identive Group, Inc. announced results for the first quarter (Q1) ended March 31, 2013. Q1 2013 Highlights: • 18% growth in ID Products sales year over year. • First commercial deployments of Tagtrail NFC platform to major mobile network operators. • Growth in NFC, payment and other products drive margin improvements in transponders. • 18% reduction year over year in base operating expenses • Record $19 million order backlog for NFC and reader products as well as payment and cloud-based...
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