Identiv, Inc., a global leader in RFID-enabled Internet of Things (IoT) solutions, announced its financial results for the fourth quarter and fiscal year ending on December 31, 2024. The company is currently implementing its Perform-Accelerate-Transform strategy with a reinforced commercial team to drive growth opportunities and deliver returns to shareholders.
In fiscal year 2024, Identiv reported revenue of $26.6 million, with a GAAP net loss of ($25.9) million. Non-GAAP adjusted EBITDA loss for the year was ($15.8) million. In the fourth quarter of 2024, revenue was $6.7 million, with a GAAP net loss of ($4.3) million. Non-GAAP adjusted EBITDA loss for the quarter was ($4.5) million.
Looking ahead, Identiv expects net revenue for the first quarter of 2025 to be in the range of $4.8 million to $5.1 million. The company will be hosting a conference call on March 5, 2025, at 5:00 p.m. EST to discuss the financial results. A webcast link is available for those interested in joining the call.
Identiv’s RFID-enabled IoT solutions create digital identities for physical objects, driving innovation across various industries. The company uses non-GAAP financial measures to evaluate ongoing operational performance and believes they provide additional insights for investors. Investors are advised to carefully review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures as outlined in this press release.
Please note that this press release contains forward-looking statements regarding future events and results based on current expectations and management’s beliefs. These statements involve risks and uncertainties that could cause actual results to differ from those expressed. Factors include Identiv’s ability to execute its business strategy, changes in management, customer demand, industry trends, and macroeconomic conditions. Please refer to Identiv’s periodic reports filed with the Securities and Exchange Commission for more information. Please provide a rephrased version of the content you would like rewritten. Please rewrite the content you would like me to help with. Please provide the content that you would like me to rewrite. The content you’ve provided is not visible. Please share the content you would like me to rewrite. Sure, please provide the content that you would like me to rewrite. The following content will be rewritten:
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