Identiv Inc. reported revenue of $5.0 million for the third quarter of 2025, down from $6.5 million in the same period of 2024, reflecting lower sales following the exit from lower-margin business earlier in the year. GAAP gross margin for the third quarter of 2025 was 10.7%, while non-GAAP gross margin was 19.1%, both higher than the prior year's 3.6% and 9.3%, respectively. The improvement in gross margin was attributed to the completion of the transition of all production to Thailand, resulting in reduced manufacturing overhead and direct labor costs. For the fourth quarter of fiscal 2025, Identiv expects net revenue to range between $5.4 million and $5.9 million. The company also highlighted significant progress in BLE innovation and its strengthened position in the BLE market.