Identiv Inc reports results for the quarter ended in March - Earnings Summary

INVE Technologies

04/05/2023 22:02

* Identiv Inc  INVE.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss of 6
cents per share.
    * Revenue rose 3.7% to $26.00 million from a year ago;
analysts
expected $25.64 million. 
    * Identiv Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 212.5% in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Identiv Inc shares had fallen by 12.9% this quarter and
lost 26.1% so far this year.
    * The company reported a quarterly loss of $3.03 million.
    * Wall Street's median 12-month price target for Identiv Inc
is
$12.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.06          -0.13          Missed
 Dec. 31 2022      0.00           0.00           Met
 Sep. 30 2022      0.06           0.01           Missed
 Jun. 30 2022      -0.02          -0.02          Met