Identiv, Inc. (INVE) Holds Q4 2024 Earnings Conference Call
On March 5, 2025, at 5:00 PM ET, Identiv, Inc. (INVE) held its Q4 2024 earnings conference call. The call was led by Kirsten Newquist, the Chief Executive Officer, and Justin Scarpulla, the Chief Financial Officer. Anthony Stoss from Craig-Hallum, Jaeson Schmidt from Lake Street, and Stacy Che from B. Riley Securities participated as conference call participants.
Company Performance
During the call, Identiv’s management team discussed the company’s financial results for the quarter ended December 31, 2024. The company reported a revenue of $125.5 million, representing a 12% increase year-over-year. The net income for the quarter came in at $11.5 million, compared to a net loss of $3.5 million in the same period last year. Earnings per share were reported at $0.43, compared to a loss of $0.13 in Q4 2023.
Business Highlights
Identiv’s CEO, Kirsten Newquist, shared some business highlights from the quarter. The company’s IoT platform, which provides end-to-end security solutions for the Internet of Things, saw significant growth. The number of IoT projects under contract increased by 30% compared to the previous year. In addition, the company’s RFID business continued to perform well, with revenue growth of 15% year-over-year.
Impact on Investors
The positive earnings report led to a significant increase in Identiv’s stock price. After the conference call, INVE shares rose by 12% in after-hours trading. The strong financial performance and promising business outlook have boosted investor confidence in the company’s growth prospects.
Impact on the World
Identiv’s strong Q4 2024 earnings report is a positive sign for the broader technology industry, particularly the Internet of Things sector. The company’s success in securing IoT projects and growing its RFID business underscores the increasing demand for secure and efficient IoT solutions. As more industries adopt IoT technology, companies like Identiv that provide robust security solutions are poised to benefit.
Conclusion
Identiv, Inc.’s Q4 2024 earnings call was a promising one for the company and its investors. The strong financial performance, coupled with business highlights that showcase the company’s growth potential, have boosted investor confidence. Moreover, the success of Identiv’s IoT platform and RFID business bodes well for the technology industry as a whole. As the world continues to embrace IoT technology, companies that provide secure and efficient solutions will be in high demand.
- Identiv, Inc. (INVE) reported Q4 2024 revenue of $125.5 million, representing a 12% increase year-over-year.
- Net income for the quarter came in at $11.5 million, compared to a net loss of $3.5 million in the same period last year.
- Earnings per share were reported at $0.43, compared to a loss of $0.13 in Q4 2023.
- Identiv’s IoT platform saw significant growth, with 30% increase in IoT projects under contract.
- The RFID business also performed well, with revenue growth of 15% year-over-year.
- Identiv’s positive earnings report led to a 12% increase in INVE shares in after-hours trading.
- The strong financial performance and business outlook have boosted investor confidence in the company’s growth prospects.
- Identiv’s success in the IoT sector is a positive sign for the technology industry, particularly the Internet of Things sector.
