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

Identiv

10/11/2025 21:19

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

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(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.)