Overview

• Identiv fiscal Q2 revenue falls to $5.0 mln, down from $6.7 mln yr/yr

• Adjusted EBITDA loss widens to $4.6 mln due to Thailand transition costs

Outlook

• Identiv expects Q3 2025 revenue between $4.8 mln and $5.2 mln

Result Drivers

• REVENUE DECLINE - Co attributes revenue drop to exiting lower-margin business and reduced sales to largest customer

• GROSS MARGIN PRESSURE - Transition to Thailand facility and dual manufacturing sites increased costs, impacting gross margins

• OPERATING EXPENSES REDUCTION - Decrease in GAAP operating expenses due to reduced strategic review-related costs

Key Details

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 $6.00, about 41.7% above its August 6 closing price of $3.50

Press Release: ID:nPn2xjw3Ma

(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.)