Brief: Identiv Reports Second Quarter 2020 Results

INVE Technologies

06/08/2020 21:54

Identiv Inc  INVE.O :
    * IDENTIV REPORTS SECOND QUARTER 2020 RESULTS
    * Q2 GAAP LOSS PER SHARE $0.17
    * Q2 REVENUE $19.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$18.8
MILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $-0.10 -- REFINITIV IBES
DATA
    * BACKLOG FOR ORDERS REQUESTED TO SHIP IN 3RD QUARTER
TOTALED $13
MILLION, UP 140% YEAR-OVER-YEAR
    * CURRENTLY FORECASTS FULL YEAR 2020 REVENUE TO RANGE
BETWEEN $86
MILLION TO $90 MILLION
    * SEES POTENTIALLY IMPROVED RESULTS AND MORE CONFIDENCE IN
SECOND
HALF OF 2020
    * ON TRACK TO RETURN TO POSITIVE CASH FLOW FROM OPERATIONS
BY END
OF THIS YEAR

Source text for Eikon:  ID:nGNX9WNRvj 
Further company coverage:  INVE.O