IoT tech firm Identiv Q3 revenue falls on exit of lower-margin business

Reuters2025-11-11

IoT tech firm Identiv Q3 revenue falls on exit of lower-margin business

Overview

Identiv Q3 2025 revenue falls to $5 mln, down from $6.5 mln in Q3 2024
Company's Q3 2025 gross margin improves due to Thailand production shift
Net loss from continuing operations narrows significantly from Q3 2024

Outlook

Identiv expects Q4 2025 revenue between $5.4 mln and $5.9 mln

Result Drivers

THAILAND PRODUCTION - Shift to Thailand-based production reduced manufacturing overhead and direct labor costs, improving gross margins
EXITED LOWER-MARGIN BUSINESS - Revenue decline attributed to exiting lower-margin business earlier in the year
REDUCED OPERATING EXPENSES - Decrease in operating expenses driven by lower strategic review-related costs

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$5 mln
Q3 Adjusted EBITDA		-$3.60 mln
Q3 Gross Margin		10.70%
Q3 Adjusted Gross Margin		19.10%

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Identiv Inc is $5.00, about 24.4% above its November 7 closing price of $3.78

Press Release: ID:nPn6tC3rna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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