Identiv, Inc. (INVE) Bundle
A Brief History of Identiv, Inc. (INVE)
Foundation and Early Years
Identiv, Inc. was founded in 1990 as a specialized provider of identity solutions. Originally named Identive Group, the company focused on contactless smart card technology and RFID systems. In 2012, the company rebranded to Identiv, Inc. and shifted its focus towards security and identity management solutions.
Acquisitions and Expansion
In March 2013, Identiv acquired Smart Card Marketing Systems, Inc., enhancing its capabilities in the smart card sector. This acquisition aimed to boost its market position and expand its product offerings.
In July 2014, the company purchased 3M’s Identity Management business, further deepening its expertise in identity management and security. This acquisition was valued at approximately $5 million.
Financial Developments
In fiscal year 2020, Identiv reported revenues of $42.8 million, an increase from $37.9 million in 2019. The company's gross profit for the year stood at $18.5 million, indicating a significant growth in its profitability.
| Year | Revenue (in million $) | Gross Profit (in million $) | Net Income (in million $) |
|---|---|---|---|
| 2020 | 42.8 | 18.5 | -12.1 |
| 2019 | 37.9 | 14.2 | -10.4 |
| 2018 | 33.4 | 12.6 | -8.7 |
Recent Developments and Market Position
As of 2021, Identiv has positioned itself as a leader in the secure identification and security solutions market. The company targets various sectors, including government, healthcare, and logistics.
In 2022, Identiv announced a partnership with Amazon Web Services (AWS), focusing on the integration of their identity solutions into AWS services, aiming to enhance security measures for cloud applications.
Stock Performance
Identiv, Inc. trades on the NASDAQ under the ticker symbol INVE. In 2021, the stock price fluctuated between $6.50 and $11.00, with a market capitalization of approximately $236.6 million as of December 2021.
Future Outlook
The company focuses on expanding its product line, particularly in the areas of IoT security and mobile identification. Forecasts suggest a compound annual growth rate (CAGR) of 11.5% in the identity management market from 2021 to 2026.
A Who Owns Identiv, Inc. (INVE)
Key Shareholders
The ownership structure of Identiv, Inc. primarily consists of institutional investors, retail investors, and company insiders. As of the most recent filings, the following entities hold significant portions of the company's stock:
| Shareholder | Ownership (% of Total Shares) | Number of Shares Owned |
|---|---|---|
| BlackRock, Inc. | 9.5% | 2,042,000 |
| Vanguard Group, Inc. | 8.2% | 1,771,000 |
| Wellington Management Co. LLP | 5.3% | 1,140,000 |
| Insider Holdings (Executives & Directors) | 4.6% | 987,000 |
| Other Institutional Investors | 22.4% | 4,780,000 |
Stock Performance
As of the latest trading data from October 2023, the stock performance of Identiv, Inc. (INVE) has shown the following metrics:
| Metric | Value |
|---|---|
| Current Stock Price | $8.50 |
| Market Capitalization | $180 million |
| 52-Week High | $10.50 |
| 52-Week Low | $6.20 |
| Dividend Yield | 0% |
Insider Transactions
Recent insider transactions can significantly impact ownership percentages. The following are notable transactions reported within the last six months:
| Date | Insider | Transaction Type | Shares Transacted |
|---|---|---|---|
| April 15, 2023 | Stephen Healy (CEO) | Sale | 50,000 |
| May 10, 2023 | Jeffrey D. Kahn (Director) | Purchase | 25,000 |
| August 12, 2023 | Jason Hart (CFO) | Sale | 30,000 |
Institutional Investor Activity
Institutional investor activity in Identiv, Inc. has been significant, especially during quarterly rebalancing periods. The following table summarizes recent changes in institutional holdings:
| Investor | Previous Holding (% of Shares) | Current Holding (% of Shares) | Change (%) |
|---|---|---|---|
| BlackRock, Inc. | 8.7% | 9.5% | +0.8% |
| Vanguard Group, Inc. | 8.0% | 8.2% | +0.2% |
| Wellington Management Co. LLP | 5.0% | 5.3% | +0.3% |
Future Outlook
Analysts project growth for Identiv, Inc. based on its expansion into secure identification solutions and access control technologies. Financial forecasts estimate the following figures for the next fiscal year:
| Metric | Projected Value |
|---|---|
| Revenue | $100 million |
| Net Income | $10 million |
| Earnings Per Share (EPS) | $0.60 |
| Projected Revenue Growth Rate | 15% |
Conclusion
The ownership landscape of Identiv, Inc. highlights a blend of institutional and insider stakeholders, reflecting confidence in the company's strategies and future performance within the secure identity and access control markets.
Identiv, Inc. (INVE) Mission Statement
Company Overview
Identiv, Inc. is a global provider of physical security and secure identification solutions. The company's mission is to provide reliable, high-performance security solutions that enhance safety and protect critical information.
Core Values
The core values of Identiv include:
- Integrity
- Innovation
- Customer Focus
- Collaboration
- Excellence
Key Financial Metrics
The following table outlines key financial metrics from Identiv's latest fiscal year, showcasing their performance and growth.
| Fiscal Year | Revenue (in millions) | Net Income (in millions) | Earnings Per Share (EPS) | Market Capitalization (in millions) |
|---|---|---|---|---|
| 2022 | $81.4 | $8.1 | $0.36 | $391.7 |
| 2021 | $74.2 | $7.5 | $0.34 | $300.5 |
| 2020 | $66.3 | $6.2 | $0.28 | $215.4 |
Market Segments
Identiv operates in several key market segments:
- Physical Security: Solutions for access control and surveillance.
- Identity Management: Products for secure identification and credentialing.
- RFID Solutions: Innovative identification technology including passive and active RFID.
Strategic Goals
The mission of Identiv is driven by strategic goals, including:
- Enhancing Technology: Continually investing in R&D for advanced security solutions.
- Increasing Market Share: Expanding presence in key markets and sectors.
- Customer Engagement: Strengthening relationships with clients to fulfill their security needs effectively.
Environmental and Social Responsibility
Identiv is committed to sustainable practices that align with their mission. They focus on:
- Reducing Carbon Footprint: Implementing energy-efficient technologies.
- Community Engagement: Active involvement in local community initiatives.
- Ethical Standards: Adhering to high ethical business practices.
Recent Developments
In the most recent quarter of 2023, Identiv achieved:
- Quarterly Revenue: $20.3 million
- Year-over-Year Growth: 10% increase
- New Product Launches: Introduction of several advanced RFID and IoT solutions.
Conclusion of the Mission Statement
Identiv, Inc. aims to deliver cutting-edge, reliable security solutions while focusing on sustainability, ethical practices, and customer satisfaction. Their mission is encapsulated in their commitment to innovation and excellence.
How Identiv, Inc. (INVE) Works
Overview of Identiv, Inc.
Identiv, Inc. (NASDAQ: INVE) is a global technology company specializing in physical security and secure identification solutions. The company operates primarily in two segments: Physical Access Control and Identity Management.
Business Segments
- Physical Access Control: This segment focuses on products and solutions that help secure facilities and assets. It includes offerings such as access control systems, smart card readers, and biometric devices.
- Identity Management: Identiv provides solutions related to secure identity issuance and management, including identity cards, credentialing systems, and managing user identities in digital environments.
Financial Performance
As of the latest report, Identiv, Inc. reported the following key financial metrics for the fiscal year ended December 31, 2022:
| Metric | Value (USD) |
|---|---|
| Revenue | $36.2 million |
| Gross Profit | $13.5 million |
| Net Income | $0.5 million |
| Total Assets | $38.7 million |
| Total Liabilities | $16.3 million |
| Stockholders' Equity | $22.4 million |
Product Offerings
Identiv's portfolio includes a range of products tailored to various markets, such as government, healthcare, education, and enterprise. Key products include:
- Access Control Readers: RFID and NFC readers for secure entry.
- Smart Cards: Contact and contactless smart cards for secure identification.
- Biometric Devices: Fingerprint and facial recognition systems for added security.
Market Position
Identiv holds a significant position in the global security and identification markets. According to industry reports, the market size for physical access control is expected to reach approximately $8.7 billion by 2025, growing at a CAGR of 7.1% from 2020 to 2025.
Recent Developments
In recent quarters, Identiv has made strategic acquisitions to enhance its product offerings and market reach. These initiatives include:
- Acquisition of SmartCard Marketing Systems: Completed in July 2021 to bolster card issuance services.
- Partnership with Security Providers: Collaborated with leading security firms to integrate Identiv’s technology into existing systems.
Stock Performance
The stock performance of Identiv has shown variability in the market. As of October 2023, the stock price stood at approximately $5.50. The market capitalization was around $125 million, reflecting an increase of approximately 20% year-to-date.
Research and Development
Investments in research and development (R&D) are critical for Identiv's innovation strategy. The company allocated approximately $3 million for R&D in the fiscal year 2022, focusing on advancements in security technology and enhancing existing product lines.
Global Presence
Identiv operates globally, with a presence in over 30 countries. The company markets its products through a network of distributors and direct sales channels.
Competitive Landscape
The competitive landscape for Identiv includes various key players in the security technology sector such as:
- HID Global
- Assa Abloy
- Tyco Integrated Security
| Competitor | Market Share (%) |
|---|---|
| HID Global | 25% |
| Assa Abloy | 22% |
| Tyco Integrated Security | 15% |
| Identiv, Inc. | 5% |
Future Outlook
The future prospects for Identiv are supported by the increasing demand for security solutions in various sectors, with analysts projecting a growth rate of approximately 8% annually over the next five years.
How Identiv, Inc. (INVE) Makes Money
Product Offerings
Identiv, Inc. generates revenue through various product lines, primarily in the fields of secure identification, physical and logical access control, and RFID solutions. The company operates through two main segments:
- Identity
- IoT (Internet of Things)
Revenue Breakdown
For the fiscal year ending December 31, 2022, Identiv reported the following revenue figures:
| Segment | Revenue (in millions) | Percentage of Total Revenue |
|---|---|---|
| Identity | $36.2 | 61% |
| IoT | $23.1 | 39% |
| Total | $59.3 | 100% |
Key Customers
Identiv services a wide range of clients across various sectors including government, education, healthcare, and commercial enterprises. Some notable customers include:
- The U.S. Department of Defense
- Various state and local government agencies
- Leading healthcare providers
- Organizations in the retail sector
Market Trends and Growth Drivers
The global market for electronic access control systems is projected to grow significantly. According to a report by MarketsandMarkets, the market size is expected to reach $10.3 billion by 2025, exhibiting a CAGR of 8.7% from 2020 to 2025. Identiv is positioned to capitalize on this growth due to:
- Increasing security concerns
- Growth of IoT applications
- Demand for secure identity solutions
Financial Performance
Identiv's financial performance has shown growth over recent fiscal years. The following table illustrates key financial metrics for the years 2021 and 2022:
| Metric | 2021 | 2022 |
|---|---|---|
| Revenue (in millions) | $49.5 | $59.3 |
| Gross Profit Margin | 29% | 31% |
| Net Income (in millions) | $1.0 | $2.5 |
| Operating Income (in millions) | $2.1 | $4.8 |
Investment and R&D
Identiv continues to invest in research and development to enhance its product offerings. In 2022, the company allocated approximately $5 million to R&D efforts. This focus on innovation is critical for maintaining a competitive edge in the rapidly evolving tech landscape.
Partnerships and Acquisitions
The company has strategically engaged in partnerships and acquisitions to diversify its product portfolio. Notably:
- Acquired a key RFID technology company in 2021
- Collaborated with major tech firms to integrate IoT capabilities
Future Outlook
As of 2023, Identiv's outlook remains positive with expected revenue growth driven by increased demand for security solutions. The company projects an annual revenue target of approximately $70 million by the end of 2023, a growth rate of over 18% compared to 2022.
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