Identiv Inc: Falls as Q4 outlook disappoints

INVE Technologies

31/01/2020 13:37

** Security technology firm's  INVE.O  shares down 8% at
$5.46 premarket 
    ** INVE says it expects total Q4 revenues to range between
$18.7 mln and $18.8 mln, which is below Street estimates -
Refinitiv data
    ** Company expects net loss of $2.1 million-$2.2 million in
the quarter compared to a profit a year earlier  urn:newsml:reuters.com:*:nGNXc5DtNk
    ** INVE is also exploring strategic alternatives 
    ** Brokerage Lake Street Capital Markets says multiple
headwinds to have impacted company's Q4, and set to affect 2020
performance too
    ** "While we are disappointed with the new outlook and
expect the stock to get hit, we still believe in the Company's
opportunities to drive growth in its markets longer-term" -
brokerage 
    ** Stock gained ~57% in 2019 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))