[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The unaudited condensed consolidated financial statements for the period ended September 30, 2022, show an increase in total assets to $101.4 million, a net loss of $0.7 million for the nine months ended, and negative cash flow from operations of $3.0 million [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) | Balance Sheet Items (in thousands) | September 30, 2022 | December 31, 2021 | | :--- | :--- | :--- | | Cash and cash equivalents | $21,202 | $28,553 | | Accounts receivable, net | $23,588 | $19,963 | | Inventories | $25,060 | $19,924 | | **Total current assets** | **$74,456** | **$72,726** | | **Total assets** | **$101,400** | **$96,663** | | Accounts payable | $15,074 | $10,502 | | **Total current liabilities** | **$23,757** | **$20,848** | | **Total liabilities** | **$27,440** | **$22,151** | | **Total stockholders' equity** | **$73,960** | **$74,512** | - Total assets increased to **$101.4 million** as of September 30, 2022, from **$96.7 million** at year-end 2021, driven by increases in inventories and accounts receivable[10](index=10&type=chunk) - Total liabilities also grew to **$27.4 million** from **$22.2 million**, primarily due to higher accounts payable[10](index=10&type=chunk) [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) | Income Statement (in thousands) | Q3 2022 | Q3 2021 | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | :--- | :--- | | Net revenue | $30,996 | $29,097 | $83,914 | $75,252 | | Gross profit | $11,188 | $11,118 | $30,364 | $27,650 | | Income (loss) from operations | $549 | $2,060 | $(733) | $531 | | Net income (loss) | $519 | $2,540 | $(731) | $3,541 | | Diluted EPS | $0.01 | $0.09 | $(0.07) | $0.12 | - For the nine months ended September 30, 2022, the company reported a net loss of **$731,000**, compared to a net income of **$3,541,000** in the same period of 2021, primarily due to the absence of a **$2,946,000** gain on PPP loan forgiveness in 2022[11](index=11&type=chunk) [Condensed Consolidated Statements of Stockholders' Equity](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Stockholders'%20Equity) - Total stockholders' equity decreased slightly from **$74.5 million** at the end of 2021 to **$74.0 million** as of September 30, 2022, driven by a net loss of **$0.7 million** and an unrealized loss from foreign currency translation of **$1.5 million**, partially offset by **$2.6 million** in stock-based compensation[13](index=13&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) | Cash Flow Summary (in thousands) | Nine Months Ended Sep 30, 2022 | Nine Months Ended Sep 30, 2021 | | :--- | :--- | :--- | | Net cash provided by (used in) operating activities | $(3,014) | $5 | | Net cash used in investing activities | $(2,978) | $(1,312) | | Net cash provided by (used in) financing activities | $(896) | $19,560 | | **Net (decrease) increase in cash** | **$(7,907)** | **$17,809** | - Cash used in operating activities was **$3.0 million** for the first nine months of 2022, a significant shift from being cash neutral in the prior year, mainly due to a **$5.2 million** increase in inventories and a **$3.7 million** increase in accounts receivable[17](index=17&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Revenue by Geography (YTD, in thousands) | Region | YTD 2022 | YTD 2021 | | :--- | :--- | :--- | | Americas | $55,480 | $49,023 | | Europe and the Middle East | $11,473 | $9,309 | | Asia-Pacific | $16,961 | $16,920 | | **Total** | **$83,914** | **$75,252** | - Goodwill remained stable at **$10.2 million** as of September 30, 2022, with no indicators of impairment noted during the nine months ended[48](index=48&type=chunk)[49](index=49&type=chunk) Segment Performance (YTD, in thousands) | Segment | Net Revenue | Gross Profit | Gross Margin | | :--- | :--- | :--- | :--- | | **2022** | | | | | Identity | $50,647 | $11,459 | 23% | | Premises | $33,267 | $18,905 | 57% | | **2021** | | | | | Identity | $47,199 | $12,133 | 26% | | Premises | $28,053 | $15,517 | 55% | [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=24&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the 12% year-over-year revenue growth for the first nine months of 2022 to strong performance in the Premises segment (up 19%) and moderate growth in the Identity segment (up 7%), with stable gross margin at 36% and increased operating expenses leading to an operating loss of $0.7 million, while liquidity remains solid with $21.2 million in cash and access to a $20.0 million revolving credit facility [Overview](index=24&type=section&id=Overview) - Identiv is a global provider of secure identification and physical security, leveraging RFID, NFC, and cybersecurity technologies for the Internet of Things (IoT) market[96](index=96&type=chunk)[97](index=97&type=chunk) - The company operates through two reportable business segments: Identity (secure access to information, RFID) and Premises (access control, video surveillance, analytics)[99](index=99&type=chunk) [Results of Operations](index=26&type=section&id=Results%20of%20Operations) Financial Highlights (YTD 2022 vs YTD 2021, in thousands) | Metric | YTD 2022 | YTD 2021 | % Change | | :--- | :--- | :--- | :--- | | Net Revenue | $83,914 | $75,252 | 12% | | Gross Profit | $30,364 | $27,650 | 10% | | Total Operating Expenses | $31,097 | $27,119 | 15% | | Income (Loss) from Operations | $(733) | $531 | (238%) | - Identity segment revenue grew **7%** YTD, driven by higher sales of RFID transponders, though gross margin decreased from **26%** to **23%** due to product mix and investments in manufacturing[115](index=115&type=chunk)[123](index=123&type=chunk) - Premises segment revenue grew **19%** YTD, driven by higher sales of Hirsch Velocity hardware, software, and video products, with gross margin improving from **55%** to **57%** due to product mix and logistical efficiencies[118](index=118&type=chunk)[119](index=119&type=chunk)[124](index=124&type=chunk) - Operating expenses increased across the board for the nine months ended Sep 30, 2022: R&D up **16%**, Selling & Marketing up **24%**, and G&A up **7%**, primarily due to higher headcount and related costs[128](index=128&type=chunk)[130](index=130&type=chunk)[132](index=132&type=chunk) [Liquidity and Capital Resources](index=30&type=section&id=Liquidity%20and%20Capital%20Resources) - As of September 30, 2022, the company had working capital of **$50.7 million** and a cash and cash equivalents balance of **$21.2 million**[140](index=140&type=chunk) - The company maintains a **$20.0 million** non-formula revolving loan facility with East West Bank, maturing in February 2023, with no amounts outstanding as of September 30, 2022[142](index=142&type=chunk) - Management believes existing cash, cash from operations, and available credit will be sufficient to fund operations for the next 12 months[145](index=145&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk exposure is from foreign currency exchange rate fluctuations, as it conducts operations in currencies like the Indian Rupee, Canadian Dollar, and Euro, affecting both transaction gains/losses and the translation of foreign subsidiary financial statements, with a hypothetical 10% movement in the U.S. Dollar resulting in a $0.8 million impact on foreign currency gains or losses - The company is primarily exposed to market risk from changes in foreign currency exchange rates, including the Indian Rupee, Canadian Dollar, and Euro[159](index=159&type=chunk) - A sensitivity analysis as of September 30, 2022, indicated that a hypothetical **10%** movement in the U.S. Dollar exchange rate would result in an incremental gain or loss of **$0.8 million**[161](index=161&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) The company's management, including the CEO and CFO, evaluated the disclosure controls and procedures as of September 30, 2022, concluding their effectiveness at a reasonable assurance level, with no material changes to internal control over financial reporting during the third quarter of 2022 - The Chief Executive Officer and Chief Financial Officer concluded that as of September 30, 2022, the company's disclosure controls and procedures were effective at the reasonable assurance level[165](index=165&type=chunk) - No material changes were made to the company's internal control over financial reporting during the three months ended September 30, 2022[167](index=167&type=chunk) [PART II. OTHER INFORMATION](index=35&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=35&type=section&id=Item%201.%20Legal%20Proceedings) The company states that it may be subject to various legal proceedings and claims that arise in the ordinary course of business, with uncertain outcomes that could potentially have a material effect on its financial condition - The company is, and may become, subject to various legal proceedings and claims arising in the ordinary course of business, the outcomes of which cannot be predicted with certainty[168](index=168&type=chunk) [Risk Factors](index=35&type=section&id=Item%201A.%20Risk%20Factors) The company highlights that adverse global and regional economic conditions pose a material risk to its business, including inflation, foreign currency fluctuations, and economic slowdown, which have already caused delays and reductions in customer orders, supply chain challenges, and increased costs for materials and transportation in the third quarter of 2022 - Adverse global economic conditions, including inflation, currency fluctuations, and economic slowdowns, may materially and adversely affect the company's business, results, and financial condition[170](index=170&type=chunk) - In Q3 2022, the company experienced negative impacts from macroeconomic conditions, including delays in customer orders, component shortages, and increased costs of materials and shipping[171](index=171&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=36&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the third quarter of 2022, the company repurchased 19,963 shares of its common stock to satisfy employee tax withholding obligations related to the vesting of restricted stock units (RSUs), not as part of a publicly announced buyback program - In the three months ended September 30, 2022, the company repurchased **19,963** shares of its common stock, which were surrendered by employees to satisfy tax withholding obligations upon the vesting of restricted stock units[174](index=174&type=chunk) [Exhibits](index=37&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, which include certifications from the CEO and CFO as required by the Sarbanes-Oxley Act, and Inline XBRL data files for financial reporting - The exhibits filed with this report include CEO and CFO certifications pursuant to Rule 13a-14(a) and Section 906 of the Sarbanes-Oxley Act of 2002, as well as Inline XBRL documents[176](index=176&type=chunk)

Identiv, Inc. (NASDAQ:INVE) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET Company Participants Steve Humphreys - Chief Executive Officer Justin Scarpulla - Chief Financial Officer Amir Khoshniyati - General Manager and Vice President-Transponder Business Conference Call Participants Jaeson Schmidt - Lake Street Anthony Stoss - Craig-Hallum Mike Latimore - Northland Capital Craig Ellis - B. Riley Securities Brian Ruttenbur - Imperial Capital Operator Good afternoon. Welcome to Identiv’s Presen ...

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, 2022 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 IDENTIV, INC. (Exact Name of Registrant as Specified in its Charter) DELAWARE 77-0444317 (State or other jur ...

Identiv, Inc. (NASDAQ:INVE) Q2 2022 Earnings Conference Call August 3, 2022 5:00 PM ET Company Participants Steve Humphreys – Chief Executive Officer Justin Scarpulla – Chief Financial Officer Manfred Mueller – Chief Operating Officer and General Manager Amir Khoshniyati – General Manager and Vice President-Transponder Business Conference Call Participants Jaeson Schmidt – Lake Street Anthony Stoss – Craig-Hallum Mike Latimore – Northland Capital Craig Ellis – B. Riley Securities Brian Ruttenbur – Imperial ...

II ·ENTIV Q2 2022 Earnings Conference Call Wednesday, August 3, 2022 at 5 PM ET © 2022 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE 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 the Company's manage ...

II ·ENTIV Q1 2022 Earnings Conference Call Wednesday, May 4, 2022 at 5 PM ET © 2022 Identiv, Inc. | All Rights Reserved | NASDAQ: INVE 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 the Company's managemen ...

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 March 31, 2022 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 IDENTIV, INC. (Exact Name of Registrant as Specified in its Charter) DELAWARE 77-0444317 (State or other ju ...

Identiv, Inc. (NASDAQ:INVE) Q1 2022 Earnings Conference Call May 4, 2022 5:00 PM ET Company Participants Steven Humphreys – Chief Executive Officer & Director Justin Scarpulla – Chief Financial Officer Manfred Mueller – Chief Operational Officer & GM of Identity Amir Khoshniyati – Vice President Business Development, Americas Conference Call Participants Jaeson Schmidt – Lake Street Capital Markets Anthony Stoss – Craig-Hallum Mike Latimore – Northland Capital Markets Brian Ruttenbur – Imperial Capital Crai ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K For the transition period from to COMMISSION FILE NUMBER 0-29440 IDENTIV, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 77-0444317 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification Number) 2201 Walnut Avenue, Suite 100, Fremont, California 94538 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (949) 250-88 ...

Financial Data and Key Metrics Changes - In 2021, total revenues increased by over 19% to a record $103.8 million, with Q4 2021 revenues at $28.5 million, up 15% compared to Q4 2020 [9][32] - Gross profit margins for Q4 2021 were 33% (GAAP) and 34% (non-GAAP), down from 35% and 36% in Q4 2020, while full year 2021 margins were 36% (GAAP) and 37% (non-GAAP), compared to 39% and 40% in 2020 [33][34] - The company reported a GAAP net loss of $1.9 million in Q4 2021, compared to a loss of $0.7 million in Q4 2020, but a full year net income of $1.6 million compared to a loss of $5.1 million in 2020 [37][38] Business Line Data and Key Metrics Changes - The Identity business saw a 23% year-over-year revenue growth, totaling $64.7 million for the full year 2021, driven by higher sales of RFID transponder products [12][39] - The Premises business generated $39 million in revenue for 2021, a 14% increase from 2020, with Q4 2021 revenues at $11 million, up 22% from Q4 2020 [12][42] - Software and services revenue increased by 20% in Q4 2021 compared to Q4 2020 [25] Market Data and Key Metrics Changes - Total backlog at the end of 2021 was over $30 million, up 45% from the end of 2020, indicating strong demand and growth expectations [13][46] - New orders booked in January 2022 were $12 million, up 43% year-over-year, providing visibility into current business momentum [46] Company Strategy and Development Direction - The company aims for 25% to 30% overall growth in 2022, led by 40% to 50% growth in RFID, focusing on design wins, customer growth, and technology partnerships [29][48] - Strategic priorities include RFID growth, federal government growth, and expanded software services and recurring revenues [49][62] - The company is committed to a long-term gross margin target of 40% to 45% and aims to manage financials effectively during growth phases [34][41] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning for strong growth in 2022, emphasizing the importance of execution and maintaining leadership in the RFID and NFC markets [66] - The company has implemented stricter financial controls and policies to manage accounts receivable and ensure operational efficiency [36][28] Other Important Information - The company has charged off aged accounts receivable from the public transit industry as a one-time non-cash expense, which impacted Q4 results but is not expected to recur [26][27] - The company remains debt-free with a strong working capital position, exiting Q4 2021 with $28.6 million in cash [45] Q&A Session Summary Question: Recovery of gross margins in 2022 - Management expects a gradual recovery of gross margins throughout 2022, with improvements anticipated in Q1 due to reduced freight costs [69][70] Question: Customer pricing and volume discounts - Some customers may receive price discounts as volumes increase, but the company aims to maintain margins by enhancing product complexity and value over time [75][76] Question: Impact of transformational deals on backlog growth - The backlog includes some contributions from existing customers, but many transformational deals are not yet reflected in the current backlog [78]