IDENTIV Reports 2nd Quarter Earnings for Fiscal Year 2023
August 17, 2023
🌥️Earnings Overview
IDENTIV ($NASDAQ:INVE) declared their second quarter earnings of fiscal year 2023 on June 30, 2023, and reported total revenue for the period at USD 29.6 million, a 6.1% increase from the same quarter the previous year. Additionally, net income was reported as USD -1.1 million, a change from the net loss of -0.2 million reported in the same period in the previous year.
Stock Price
The stock opened at $7.3 and closed at the same price, representing a decrease of 0.7% from the previous closing price of $7.4. Despite the slight decrease, IDENTIV shareholders can take comfort in the fact that the company has continued to grow its revenue year over year. In addition, the company has seen strong growth in its customer base and its product offerings, further bolstering its financial standing. Despite the small decline, IDENTIV is positioned for continued success as it enters the third quarter and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Identiv. IDENTIV_Reports_2nd_Quarter_Earnings_for_Fiscal_Year_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_2nd_Quarter_Earnings_for_Fiscal_Year_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_2nd_Quarter_Earnings_for_Fiscal_Year_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_2nd_Quarter_Earnings_for_Fiscal_Year_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
GoodWhale has conducted an analysis of IDENTIV‘s financials to assess the company’s overall performance. According to our Star Chart, IDENTIV has an intermediate health score of 4/10 regarding its cashflows and debt, indicating that the company may have enough financial resources to pay off debt and fund future operations. Additionally, we have classified IDENTIV as a ‘rhino’, a type of company which has achieved moderate revenue or earnings growth. Given this assessment, investors looking for a slow and steady growth might be interested in IDENTIV. The company is strong in asset, moderate in growth, profitability and weak in dividend. This implies that investors interested in a long-term, steady investment may be attracted to this company. 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
IDENTIV‘s second quarter of fiscal year 2023 saw a 6.1% increase in total revenue, totaling USD 29.6 million. Despite this, the company reported a net income loss of -1.1 million, compared to a net loss of -0.2 million in the same period the year before. Investors should take note of the increasing revenue and declining net losses, which could signal improved performance for the company moving forward. However, it is important to do further analysis of the company’s financials to understand the full picture before investing.
Related Posts
Recent Posts
