Identiv Intrinsic Value Calculation – IDENTIV Reports Q2 Earnings for FY2023, Ending June 30 2023
August 9, 2023
🌥️Earnings Overview
On August 3rd, 2023, IDENTIV ($NASDAQ:INVE) revealed their financial performance for Q2 of FY2023 ending June 30th of the same year. This quarter, they attained total revenue of USD 29.6 million, a 6.1% increase from the same quarter the previous year. Conversely, net income was reported as USD -1.1 million, compared to a -0.2 million loss in the corresponding quarter of last year.
Share Price
IDENTIV reported their Q2 earnings for fiscal year 2023 on Thursday, with their stock opening at $7.3 and closing at the same rate. This marks a slight decrease of 0.7% from the stock’s prior closing price of 7.4. Analysts expected higher growth for the company, with the stock failing to meet the predicted growth rate.
Investors were looking to the earnings report as an indicator for future performance, and while the numbers weren’t encouraging, the company is still seen as a potential growth opportunity with strong development potential. Despite the missed expectations in terms of stock performance, IDENTIV is still seen as a strong player in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Identiv. IDENTIV_Reports_Q2_Earnings_for_FY2023_Ending_June_30_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 115.55 | -4.24 | -2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Identiv. IDENTIV_Reports_Q2_Earnings_for_FY2023_Ending_June_30_2023″>More…
| Operations | Investing | Financing |
| -12.47 | -3.87 | -1.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Identiv. IDENTIV_Reports_Q2_Earnings_for_FY2023_Ending_June_30_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 111.7 | 37.4 | 3.2 |
Key Ratios Snapshot
Some of the financial key ratios for Identiv are shown below. IDENTIV_Reports_Q2_Earnings_for_FY2023_Ending_June_30_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | – | -2.3% |
| FCF Margin | ROE | ROA |
| -14.8% | -2.3% | -1.5% |
Analysis – Identiv Intrinsic Value Calculation
At GoodWhale, we recently conducted an analysis of IDENTIV‘s wellbeing. Through our proprietary Valuation Line, we were able to determine the intrinsic value of IDENTIV share to be around $12.6. Currently, IDENTIV stock is being traded at $7.3, representing a significant discount of 42.2%. This presents an opportunity for investors to buy IDENTIV shares at a relatively low price, while still receiving returns from their investment in the future. More…
Peers
The competitive landscape in the secure identity solutions market is witnessing the presence of several large and small players. Some of the key players in this market include Identiv Inc, Surfilter Network Technology Co Ltd, Detection Technology PLC, Lantronix Inc, among others. These companies are engaged in intense competition in order to gain a larger share of the overall market.
– Surfilter Network Technology Co Ltd ($SZSE:300311)
Surfilter Network Technology Co Ltd is a Chinese company that provides internet security solutions. The company has a market cap of 4.22B as of 2022 and a Return on Equity of -4.76%. Surfilter’s products include firewall, anti-virus, and content filtering software. The company also offers web security, email security, and data loss prevention solutions.
– Detection Technology PLC ($LTS:0CXE)
Detection Technology PLC is a Finnish company that produces and sells X-ray detectors and related products for medical, scientific, and industrial applications. The company has a market cap of 247.69M as of 2022 and a Return on Equity of 8.82%. Detection Technology PLC’s products are used in a variety of applications, including cancer detection, security screening, and industrial inspection. The company’s products are sold to customers in over 60 countries around the world.
– Lantronix Inc ($NASDAQ:LTRX)
Lantronix is a global provider of secure data access and management solutions for Internet of Things (IoT) and information technology (IT) assets. Our products enable remote access and control for electronic equipment, making it easy to monitor, manage and protect these critical assets from anywhere in the world.
Lantronix has a market cap of 166.88M as of 2022, a Return on Equity of -4.62%. The company provides secure data access and management solutions for Internet of Things (IoT) and information technology (IT) assets.
Summary
Investors in IDENTIV should be encouraged by the company’s second quarter results, with total revenue increasing 6.1% year-over-year to USD 29.6 million. However, net income for this quarter was reported as USD -1.1 million, a larger loss than the same period last year. It is important to note that IDENTIV has been investing heavily in products and services that they believe will be beneficial to the company’s future success, which may explain the increased net loss. Overall, the results have been promising and investors should continue to monitor the performance of IDENTIV in the coming quarters.
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