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Stock impact report

Identiv Reports First Quarter 2024 Financial Results [Yahoo! Finance]

Identiv, Inc. (INVE) 
Last identiv, inc. earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: identiv.com/investors
Company Research Source: Yahoo! Finance
New President, IoT Solutions Joins Identiv; Will Become CEO Post-Close of Transaction Gross Margins Expand to Highest Levels since Q3 2021 FREMONT, Calif., May 08, 2024 BUSINESS WIRE Identiv, Inc. (NASDAQ: INVE) , a global digital security and identification leader in the Internet of Things (IoT), today released its financial results for the first quarter ended March 31, 2024. Recent Financial and Operational Highlights Concluded strategic review with announcement of $145 million asset purchase agreement (APA) transaction with security solutions provider Vitaprotech; transaction expected to close in Q3 2024, subject to regulatory and stockholder approvals and other customary closing conditions. Welcomed Kirsten Newquist as President, IoT Solutions; Ms. Newquist will become CEO at the close of asset sale. First quarter GAAP and non-GAAP gross margins were 37.3% and 39.9%, respectively, their highest levels since Q3 2021. Software, services, and recurring revenues grew to Show less Read more
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