UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 000-29440 DELAWARE 77-0444317 (State or other jurisdiction of incorporation or organization) 1900-B Carnegie Avenue Sa ...

Identiv (INVE) Q2 2025 Earnings Call August 07, 2025 05:00 PM ET Speaker0Good afternoon, and welcome to Identiv's Presentation of its Second Quarter twenty twenty five Earnings Call. My name is Matthew, and I'll be your operator this afternoon. Joining us for today's presentation are the company's CEO, Kirsten Neukwist and CFO, Ed Kernbauer. Following management's remarks, we will open the call for questions. Before we begin, please note that during the call, management may be making references to non GAAP ...

Safe Harbor | Note Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as the current beliefs and assumptions of management of Identiv and can be identified by words such as "anticipate," "believe," "continue," "plan," "will," "intend," "expect," "outlook," and similar ...

Exhibit 99.1 Identiv Reports Second Quarter 2025 Financial Results Announced Strategic Partnership with Grocery Logistics Leader IFCO to Digitize their Global RPC Pool Completed Transfer of Production from Singapore to State-of-the-art Thailand Facility Launched Partnership with Narravero to Accelerate Digital Product Passport Adoption and Compliance Santa Ana, Calif. — August 7, 2025 — Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE- enabled Internet of Things (IoT) solutions, today released ...

SANTA ANA, Calif., July 17, 2025 /PRNewswire/ -- Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled Internet of Things (IoT) solutions, will hold a teleconference and webcast on Thursday, August 7, 2025, at 5:00 PM EDT to discuss its financial results for the second quarter ended June 30, 2025. Financial results will be published in a press release prior to the call and available in the investor relations section of the Company's website.Second Quarter 2025 Earnings Teleconference Detail ...

Core Insights - Identiv, Inc. has partnered with Narravero GmbH to accelerate the commercialization of integrated solutions for Digital Product Passports (DPPs) in compliance with upcoming EU regulations [1][2][3] - The collaboration combines Identiv's NFC inlays for dynamic product data with Narravero's data management platform, creating a comprehensive solution for DPP deployment [1][3] - DPPs will be mandatory under new EU sustainability rules starting in 2027, presenting opportunities for improved supply chain efficiency and customer engagement [2][3] Company Overview - Identiv, Inc. specializes in RFID- and BLE-enabled IoT solutions, creating digital identities for physical objects and enhancing global connectivity across various sectors [5] - The company has integrated its solutions into over 1.5 billion applications worldwide, driving innovation in industries such as healthcare, consumer electronics, and luxury goods [5] - Narravero GmbH offers an end-to-end SaaS platform for DPPs, focusing on regulatory compliance and data integration, with over 200 clients across twelve industries [6]

Summary of Identiv (INVE) Update / Briefing on Wine Authentication Industry Overview - The focus of the briefing is on the wine industry, specifically addressing wine authentication and protection against counterfeiting through innovative technologies such as IoT and AI [2][5][12]. Key Points and Arguments 1. **Partnership and Technology**: The collaboration involves Identiv, Genuine Analytics, and Zaytap, combining their expertise to create a solution for wine authentication that includes NFC tags, scientific verification, and blockchain technology [2][5][48]. 2. **Counterfeit Wine Problem**: The wine industry is valued at approximately €350 billion, with an estimated 20% of revenues (around €70 billion) attributed to counterfeit wines, highlighting the need for effective authentication solutions [12][66]. 3. **Authentication Methodology**: Genuine Analytics has developed a unique authentication methodology using mass spectrometry combined with AI, allowing for the generation of unique profiles for each wine, which can distinguish between millions of different wines [18][75]. 4. **NFC Tag Features**: The NFC tags used are designed specifically for wine bottles, featuring tamper-proof mechanisms and dynamic encryption to prevent cloning and ensure authenticity [42][45][50]. 5. **User Experience**: Consumers can easily verify the authenticity of wine bottles using a mobile app that interacts with the NFC tag, providing immediate feedback on the wine's status (authentic, tampered, etc.) [48][52]. 6. **Market Applications**: The technology is not limited to vintage wines but can be applied to any wine, making it useful for winemakers, collectors, and auction houses [26][71]. 7. **Sustainability**: Eco-friendly versions of the NFC tags can be produced, using sustainable materials instead of standard PET [69]. 8. **Accuracy of Analysis**: The authentication method has shown a 98% accuracy rate, particularly effective for distinguishing between similar wines from the same vintage [91]. Additional Important Content - **Growth of Database**: Genuine Analytics has built a database of approximately 1,400 reference wines, with the oldest dating back to 1874, primarily consisting of red wines from France [23][24]. - **Challenges in Analysis**: The method relies on having a reference wine in the database for accurate comparison; without it, the analysis may struggle [87]. - **Consumer Adoption**: There is a growing familiarity with NFC technology among consumers, driven by its use in payment systems, which is expected to enhance the adoption of wine authentication solutions [84]. - **Future Applications**: The technology has potential applications beyond wine, including other alcoholic and non-alcoholic beverages, demonstrating versatility in product authentication [28][71]. This summary encapsulates the key insights from the Identiv briefing, emphasizing the innovative approaches to combat counterfeiting in the wine industry and the collaborative efforts of the involved companies.

Discontinued Operations - For the three months ended March 31, 2024, the discontinued operations reported net revenue of $15.8 million and income from discontinued operations of $824,000[28]. - The Company’s total operating expenses for discontinued operations were $7.041 million for the three months ended March 31, 2024[28]. Financial Performance - The company reported a net loss from continuing operations of $4,789,000 for the three months ended March 31, 2025, compared to a net loss of $5,382,000 for the same period in 2024[54]. - Basic net loss per common share for the three months ended March 31, 2025, was $(0.21), consistent with the loss per share for the same period in 2024[54]. - Total stock-based compensation expense for the three months ended March 31, 2025, was $796,000, a decrease from $1,019,000 in the same period in 2024[51]. Inventory and Assets - The Company’s total inventories increased from $7.475 million as of December 31, 2024, to $7.760 million as of March 31, 2025[37]. - The Company’s accumulated depreciation for property and equipment was $13.069 million as of March 31, 2025[37]. - The balance of Series B Convertible Preferred Stock increased from $26.589 million at the beginning of the period to $27.472 million by March 31, 2025[42]. - The number of common shares issuable upon conversion of Series B Convertible Preferred Stock increased to 6,919,148 shares as of March 31, 2025[42]. Cash and Equivalents - As of March 31, 2025, cash equivalents included $1.6 million in money market accounts and $110.5 million in treasury bills[32]. - As of March 31, 2025, the company repurchased a total of 463,779 shares of common stock for approximately $1.9 million under the Stock Repurchase Program[45]. Revenue and Customer Concentration - Geographic net revenue for the three months ended March 31, 2025, was $5,269,000, down from $6,658,000 in 2024, with the Americas contributing 42% of total revenue[59]. - One customer accounted for 16% of net revenue for the three months ended March 31, 2025, compared to 22% for the same period in 2024[60]. Lease and Warranty Obligations - The present value of future minimum lease payments as of March 31, 2025, was $1.818 million, with long-term operating lease liabilities amounting to $957,000[65]. - The warranty accrual balance at the end of Q1 2025 was $341,000, up from $141,000 at the end of Q1 2024[68]. - The Company recorded a charge of $127,000 to cost of revenue for warranty accruals during the three months ended March 31, 2025[68]. Restructuring and Impairment - The company incurred restructuring expenses of $238,000 related to the impairment of an operating lease right-of-use asset during the three months ended March 31, 2025[62]. - An impairment charge of $238,000 was recorded in Q1 2025 related to an operating lease right-of-use asset at the Singapore manufacturing facility[66]. Stock Options and Commitments - As of March 31, 2025, the company had 444,460 stock options outstanding with a weighted average exercise price of $4.36[47]. - Total principal contractual commitments, excluding operating leases, as of March 31, 2025, amounted to $3.019 million, with $2.455 million in purchase commitments for inventories[67].

Core Viewpoint - Identiv, Inc. reported a quarterly loss of $0.21 per share, which was better than the Zacks Consensus Estimate of a loss of $0.24, indicating a 12.50% earnings surprise [1] Financial Performance - The company posted revenues of $5.27 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.38%, but down from $22.49 million year-over-year [2] - Over the last four quarters, Identiv has exceeded consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Identiv shares have declined approximately 12.6% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at -$0.26 for the coming quarter and -$0.97 for the current fiscal year [4][7] - The estimate revisions trend for Identiv is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the shares are expected to perform in line with the market in the near future [6] Industry Context - The Computer - Peripheral Equipment industry, to which Identiv belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - The company reported net revenue of $5.3 million for Q1 2025, slightly above guidance but down from $6.7 million in Q1 2024, primarily due to the exit of low-margin business [11][12] - GAAP gross margin was 2.5% and non-GAAP gross margin was 10.8% for Q1 2025, compared to 7.3% and 13.4% respectively in Q1 2024, with the decrease attributed to transition costs and lower revenue [12] - GAAP net loss from continuing operations was $4.8 million or $0.21 per share, an improvement from a loss of $5.4 million or $0.24 per share in Q1 2024 [13] - Cash and cash equivalents at the end of Q1 2025 were $132.7 million, with cash usage of $3.3 million during the quarter [15] Business Line Data and Key Metrics Changes - The transition of production from Singapore to Thailand is progressing well, with over 75% of volume now transitioned [50] - The company is focusing on higher-margin opportunities and has made targeted investments to support organic growth initiatives [12][20] Market Data and Key Metrics Changes - Approximately 25% of the company's business is exposed to U.S. import tariffs due to manufacturing in Thailand and Singapore [5][17] - The company is monitoring customer demand and potential indirect effects of tariffs, with some caution observed in the market [41][42] Company Strategy and Development Direction - The company is executing its Perform, Accelerate, Transform (PAT) strategy to strengthen its core business and expand into high-value applications [7][10] - New strategic partnerships have been formed, including collaborations with Tag and Track and Inplay to enhance product offerings in the IoT space [9][26] - The company aims to drive future growth through M&A, although current macroeconomic conditions present challenges [28][29] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued market uncertainty and high volatility, closely monitoring risks related to trade policies and global GDP [5][6] - The company expects Q2 2025 net revenue in the range of $4.9 million to $5.3 million, reflecting cautious market conditions [17] Other Important Information - The company is developing new performance metrics to monitor progress across strategic objectives, with updates planned for each quarter [29][30] - A corporate governance update includes a proposal to declassify the board, pending shareholder approval [34][35] Q&A Session Summary Question: Impact of tariffs on customer pipeline - Management noted some customer concerns regarding indirect impacts from tariffs, but no significant effects have been observed yet [41][42] Question: Status of grocery logistics deal - The grocery logistics project is tracking as planned, with initial orders expected by the end of the year and a go-live target for mid-2026 [43] Question: Transition from Singapore to Thailand and margin guidance - Over 75% of production volume has transitioned to Thailand, with expectations for improved yields and efficiency [50] - Margin guidance for Q4 remains uncertain pending tariff outcomes [52] Question: Order pull-ins in Q1 - Management confirmed that Q1 did not benefit from any pull-ins, as lead times and inventory levels did not support significant changes [57] Question: Quoting activity in Q2 - Some caution has been observed in quoting activity, but no significant concerns have emerged for Q2 [59]