Identiv Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Identiv (NASDAQ:INVE) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$6.74m (down 41% from 2Q 2023).
• Net loss: US$7.16m (loss widened by 90% from 2Q 2023).
• US$0.30 loss per share (further deteriorated from US$0.16 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Identiv Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 16% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Identiv you should know about.

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