Identiv(US:INVE) Prnewswire·2025-11-10 21:05Core Insights - Identiv, Inc. reported a decrease in revenue for the third quarter of 2025, amounting to $5.0 million, down from $6.5 million in the same quarter of 2024, attributed to exiting lower-margin business [2][4] - The company achieved significant improvements in gross margins, with GAAP gross margin at 10.7% and non-GAAP gross margin at 19.1%, compared to 3.6% and 9.3% respectively in Q3 2024, primarily due to the transition of production to Thailand [3][4] - Identiv's GAAP net loss from continuing operations was reduced to ($3.5) million, or ($0.15) per share, compared to a loss of ($9.3) million, or ($0.40) per share in Q3 2024, reflecting lower strategic review-related costs [5][6] Financial Performance - Revenue for Q3 2025 was $5.0 million, a decrease from $6.5 million in Q3 2024 [2] - GAAP gross profit was $534,000, with a gross margin of 10.7%, while non-GAAP gross profit was $955,000, with a gross margin of 19.1% [3][14] - Operating expenses decreased to $6.1 million in Q3 2025 from $9.8 million in Q3 2024, driven by reduced strategic review-related costs [4][14] Operational Highlights - The transition of all production to Thailand contributed to reduced manufacturing overhead and direct labor costs, enhancing gross margins [3] - Non-GAAP adjusted EBITDA loss improved to ($3.6) million in Q3 2025 from ($4.5) million in Q3 2024, attributed to better utilization of manufacturing facilities [6] Future Outlook - For the fourth quarter of fiscal 2025, management expects net revenue to be in the range of $5.4 million to $5.9 million, reflecting current market conditions and customer demand [7]