Identiv, Inc. (INVE)
Identiv Is Moving in the Right Direction
Identiv, Inc. (INVE) is the leading global player in physical security and secure identification. Identiv’s products, software, systems, and services address the markets for physical and logical access control and a wide range of RFID-enabled applications. Customers in the government, enterprise, consumer, education, healthcare, and transportation sectors rely on Identiv’s access and identification solutions.
Identiv’s mission is to secure the connected physical world: from perimeter to desktop access, and from the world of physical things to the Internet (HHH) of Everything.
Recently, the company announced strong revenues of 13.5 million for the second quarter, compared to $12.5 million in the first quarter of 2016, presenting a sequential growth of 8%.
The most recent quarter’s outcomes mirror the business re-center reported toward the end of a year ago, the cost decreases declared and actualized all through the interceding six months, and the returning quality in center business as the organization gave reestablished support to brands. Its U.S. business was especially solid, where they trust Hirsch Velocity clients advantage from the most temperate and advantageous way to U.S. government FICAM consistence.
Its Hirsch merchant channel has been re-empowered by recharged responsibility and engagement; and SCM clients and OEMs have extended its piece of the overall industry assist. The company’s ICPAM arrangement through physical get to and IoT organization with Cisco and its channel accomplices has kept on developing.
The organization has shown its dedication to bring down working costs, and now with top-line development. In the most recent quarter, it has conveyed a sharp decrease in balanced EBITDA misfortune, and is on a reasonable direction to a positive balanced EBITDA surprisingly since the final quarter of 2014. Thus, the organization is on track to achieve its objectives, and it affirms our already imparted direction for the year.