Identiv Posts 25.6% Non-GAAP Margin, Signs Exclusive BLE Smart Labels Deal
Identiv posted Q4 revenue of $6.2 million, with non-GAAP gross margin rising to 25.6% and non-GAAP EBITDA loss narrowing to $2.5 million after completing its manufacturing shift to Thailand. The company secured an exclusive multi-year agreement to supply next-generation BLE smart labels and plans to ramp production for orders.
1. Fourth Quarter 2025 Financial Results
Identiv reported fourth quarter revenue of $6.2 million, down from $6.7 million last year due to exiting lower-margin business. GAAP gross margin rose to 18.1% (non-GAAP 25.6%), while GAAP net loss narrowed to $3.7 million ($0.16 per share) and non-GAAP EBITDA loss was $2.5 million, reflecting cost savings from its Thailand manufacturing transition.
2. Fiscal Year 2025 Performance
For fiscal year 2025, revenue totaled $21.5 million versus $26.6 million a year earlier, with GAAP gross margin improving to 6.1% and non-GAAP margin to 14.3%. The company reduced GAAP operating expenses to $23.5 million and non-GAAP expenses to $17.6 million, yielding a GAAP net loss of $18.0 million ($0.79 per share) compared to $25.9 million the prior year.
3. Strategic Initiatives and Outlook
Identiv signed an exclusive multi-year agreement to supply next-generation BLE smart labels, positioning it for high-volume production ramp. After completing its two-year manufacturing transition to Thailand, the company expects first quarter 2026 revenue between $6.7 million and $7.2 million while focusing on customer expansion and new product launches.