IoT tech firm Identiv Q3 revenue falls on exit of lower-margin business

Reuters
2025/11/11
IoT tech firm Identiv Q3 revenue falls on exit of lower-margin business

Overview

  • Identiv Q3 2025 revenue falls to $5 mln, down from $6.5 mln in Q3 2024

  • Company's Q3 2025 gross margin improves due to Thailand production shift

  • Net loss from continuing operations narrows significantly from Q3 2024

Outlook

  • Identiv expects Q4 2025 revenue between $5.4 mln and $5.9 mln

Result Drivers

  • THAILAND PRODUCTION - Shift to Thailand-based production reduced manufacturing overhead and direct labor costs, improving gross margins

  • EXITED LOWER-MARGIN BUSINESS - Revenue decline attributed to exiting lower-margin business earlier in the year

  • REDUCED OPERATING EXPENSES - Decrease in operating expenses driven by lower strategic review-related costs

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$5 mln

Q3 Adjusted EBITDA

-$3.60 mln

Q3 Gross Margin

10.70%

Q3 Adjusted Gross Margin

19.10%

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the it services & consulting peer group is "buy"

  • Wall Street's median 12-month price target for Identiv Inc is $5.00, about 24.4% above its November 7 closing price of $3.78

Press Release: ID:nPn6tC3rna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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