Last $14.33 USD
Change Today +0.08 / 0.56%
Volume 74.8K
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

identiv inc (INVE) Snapshot

Open
$14.29
Previous Close
$14.25
Day High
$14.40
Day Low
$14.07
52 Week High
09/10/14 - $21.31
52 Week Low
12/26/13 - $5.50
Market Cap
152.5M
Average Volume 10 Days
163.5K
EPS TTM
$-2.17
Shares Outstanding
10.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IDENTIV INC (INVE)

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identiv inc (INVE) Details

Identiv, Inc. operates as a security technology company that establishes trust in the connected world, including premises, information, and everyday items. It operates in four segments: Premises, Identity, Credentials, and All Other. The Premises segment offers modular uTrust MX controllers that allows customers to start with a small system and expand over time; uTrust Velocity software platform for centralized management of access and security operations across an organization; uTrust door readers that provide features to support various security environments and standards; and uTrust TS readers, which support the majority of legacy card credentials with next-generation platform. The Identity segment provides uTrust readers, a range of contact, contactless, portable, and mobile smart card readers, as well as tokens and terminals to enable logical access and security and identification applications, such as national ID, payment, e-health, and e-government; and uTrust iAuthenticate mobile readers that allow users to authenticate using iOS or Android devices. The Credentials segment offers NFC and RFID products, including inlays and inlay-based cards — labels, tags, and stickers, as well as other radio frequency and IC components used in a range of identity-based applications comprising electronic entertainment, loyalty schemes, mobile payment, transit, and event ticketing; and various user credentials under the uTrust brand premises and information solutions access. The All Other segment provides Chipdrive products and media readers. Identiv, Inc. markets its products through OEMs, dealers, system integrators, value added resellers, resellers, and Internet. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.

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

identiv inc (INVE) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $250.0K
Chief Financial Officer and Secretary
Total Annual Compensation: $9.1K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $264.5K
Executive Vice President of Global Engineerin...
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

identiv inc (INVE) Key Developments

Identiv, Inc. Presents at Security Investor Conference, Dec-11-2014 03:30 PM

Identiv, Inc. Presents at Security Investor Conference, Dec-11-2014 03:30 PM. Venue: The Waldorf Astoria, 301 Park Avenue, New York, NY 10022, United States.

Identiv, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reaffirms Revenue Guidance for Fiscal Year 2014

Identiv, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss attributable to equity stockholders of the company of $3.8 million or $0.46 per basic and diluted share on net revenues of $22.7 million compare to net loss attributable to equity stockholders of the company of $24.2 million or $3.53 per basic and diluted share on net revenues of $20.9 million reported in the same period last year. Loss from continuing operations before income taxes and non-controlling interest was $3.8 million against $12.5 million reported last year. Loss from operations was $2.5 million against $12.4 million reported last year. GAAP net loss from continuing operations was $3.9 million or $0.46 per share, compared with GAAP net loss from continuing operations of $12.9 million or $1.69 per share, in the comparable prior year period. Total revenues for continuing operations were $22.7 million, compared to $20.9 million, reflecting growth of 9%. Adjusted EBITDA for the quarter was $0.99 million, compared to $0.95 million. For the nine months, the company reported net loss attributable to equity stockholders of the company of $11.6 million or $1.45 per basic and diluted share on net revenues of $61.9 million compare to net loss attributable to equity stockholders of the company of $31.9 million or $5.01 per basic and diluted share on net revenues of $54.7 million reported in the same period last year. Loss from continuing operations before income taxes and non-controlling interest was $12.1 million against $19 million reported last year. Loss from operations was $8 million against $17.8 million reported last year. Loss from continuing operations was $12.2 million or $1.52 per basic and diluted share against $19 million or $2.75 per basic and diluted share reported last year. Adjusted EBITD loss was $1.4 million against $1.7 million reported last year. The company reaffirms revenue guidance for fiscal year 2014 of revenue between $80 million and $90 million.

Identiv Announces Amendment to Credit Agreement With Opus Bank

Identiv, Inc. announced an amendment to its existing credit agreement with Opus Bank. The original agreement, entered into on March 31, 2014, provided for a $10 million term loan and $10 million revolving loan facility. Given Identiv's stronger balance sheet position after the completed public offering in September 2014, the parties have agreed to amend the original agreement with improved financing terms. With the amendment, the term loan maturity will now be due in a lump sum repayment on March 31, 2017 and the annual interest rate has been reduced. The capital availability under the revolving loan facility has been increased from $10 million to $30 million with a new maturity date of November 10, 2017, and the annual interest rate has also been reduced. Lastly, the amendment includes a modification of terms related to Identiv's stock repurchase plan.

 

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