Last $0.88 USD
Change Today +0.0007 / 0.08%
Volume 123.4K
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

identive group inc (INVE) Snapshot

Open
$0.90
Previous Close
$0.88
Day High
$0.94
Day Low
$0.86
52 Week High
03/26/14 - $1.30
52 Week Low
12/16/13 - $0.49
Market Cap
68.0M
Average Volume 10 Days
595.3K
EPS TTM
$-0.18
Shares Outstanding
77.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IDENTIVE GROUP INC (INVE)

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identive group inc (INVE) Details

Identive Group, Inc., a security technology company, provides trust solutions in the connected world, including premises, information, and everyday items in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity Management Solutions & Services (Identity Management); and Identification Products & Components (ID Products). The Identity Management segment develops and offers integrated physical access control solutions, as well as cloud-based identity credential provisioning and management services. This segment sells its identity management solutions to customers in the government, enterprise, and commercial markets to address vertical market segments comprising public services administration, military and defense, law enforcement, healthcare, education, banking, industrial, retail, and critical infrastructure. The ID Products segment develops and provides standards-driven hardware products using near field communication (NFC), radio frequency identification (RFID), and smart card technologies. It offers NFC and RFID inlays and inlay-based tags, labels, stickers, and cards that are used for various identity applications, including electronic entertainment, loyalty schemes, mobile payment, and transit and event ticketing. This segment also provides smart card readers, modules, tokens, and terminals, which are used by government and enterprise customers to enable data/logical access, national ID, eHealth, eGovernment, payment, and other applications. Identive Group, Inc. markets its products through OEMs, dealers, system integrators, value added resellers, resellers, and Internet. The company was founded in 1990 and is headquartered in Fremont, California.

346 Employees
Last Reported Date: 03/31/14
Founded in 1990

identive group inc (INVE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $205.8K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $211.1K
Executive Vice President of Global Engineerin...
Total Annual Compensation: $176.7K
Vice President of Special Projects
Total Annual Compensation: $95.1K
Compensation as of Fiscal Year 2012.

identive group inc (INVE) Key Developments

Identive Group Inc. Announces Auditor Changes

On April 7, 2014, Identive Group Inc., at the direction of the Audit Committee of the Company's Board of Directors, appointed BDO USA, LLP, an independent registered public accounting firm, as the Company's independent auditor for the fiscal year ending December 31, 2014. The engagement of BDO was the result of the Company's decision to move its corporate finance activities from its office in Ismaning, Germany to its headquarters in California. The appointment of BDO effectively dismissed Ernst & Young GmbH Wirtschaftspruefungsgesellschaft as the Company's independent registered public accounting firm as of April 7, 2014.

Identive Group Inc. Enters into Credit Agreement with Opus Bank

On March 31, 2014, Identive Group Inc. entered into a Credit Agreement with Opus Bank, a California commercial bank. The Credit Agreement provides for a term loan in aggregate principal amount of $10.0 million which was drawn down on March 31, 2014, and an additional $10.0 million revolving loan facility ('Revolving Loan Facility'), of which $4.0 million was drawn down on March 31, 2014. Both the Term Loan and the Revolving Loan Facility mature and will become due and payable on March 31, 2017.

Identiv Unveils uTrust TS Readers Product Line

Identiv unveiled its uTrust TS Readers product line. uTrust TS Readers are new building access readers that support all major credentials in a single reader format, while offering strong identity verification, scalable migration and interoperability based upon secure open standards. uTrust TS Readers are the first readers that let customers easily migrate from multiple disparate legacy systems, and deliver the foundation for a single identity across the entire enterprise, from door to data. Identiv's uTrust TS Readers support all major credentials, including proximity, smart cards and even Public Key Infrastructure (PKI). Enabling PKI certificate-based authentication provides the highest level of employee identity verification and supports government standards, such as FICAM. Users now only need one single reader - regardless of the credentials or access system - simplifying security upgrades, migration and management, while lowering costs. uTrust TS Readers are available in both Wiegand and Ethernet versions, making them an ideal solution for organizations planning to move to structured cabling.

 

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INVE

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Valuation INVE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.9x
Price/Book 2.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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