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Identiv
(NASDAQ:INVE)
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Rating:48Neutral
Price Target:
$2.50
▼(-13.19% Downside)
Action:Reiterated
Date:08/17/26
INVE scores below average primarily due to weak financial performance (ongoing losses and negative free cash flow) and a bearish technical setup. These are partially offset by constructive earnings-call progress on margins and strategic wins (including IFCO) plus a positive corporate event (asset sale and expanded buyback), but the investment case still hinges on execution and a sustained path to profitability.
Positive Factors
Strong liquidity and low leverage
A large cash balance and working capital position with negligible debt provides durable financial flexibility to fund product ramps, absorb short-term operating losses, invest in capex (IFCO ramp), pursue M&A or return capital. This reduces solvency risk over the next 2–6 months.
Negative Factors
Persistent negative cash generation
The company continues to consume operating cash despite improvements, indicating underlying operations do not yet generate self-sustaining cash. Continued cash burn necessitates reliance on existing cash, asset-sale proceeds, or capital markets, creating execution and liquidity timing risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity and low leverage
A large cash balance and working capital position with negligible debt provides durable financial flexibility to fund product ramps, absorb short-term operating losses, invest in capex (IFCO ramp), pursue M&A or return capital. This reduces solvency risk over the next 2–6 months.
Read all positive factors
Identiv (INVE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$66.89M
Dividend YieldN/A
Average Volume (3M)227.55K
Price to Earnings (P/E)―
Beta (1Y)1.17
Revenue Growth3.11%
EPS Growth46.15%
CountryUS
Employees155
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.65
Shares Outstanding24,235,752
10 Day Avg. Volume254,380
30 Day Avg. Volume227,547
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)0.65
Price to Sales (P/S)4.25
P/FCF Ratio-11.69
Enterprise Value/Market Cap>-0.01
Enterprise Value/Revenue>-0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$3.55Price Target Upside23.26% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)-0.53
Revenue Forecast (FY)$22.91M
Identiv Business Overview & Revenue Model
Company Description
Identiv, Inc. is a technology enterprise specializing in security, dedicated to protecting objects, information, and physical environments across the Americas, Europe, the Middle East, and Asia-Pacific regions. The company operates through two dis...
How the Company Makes Money
Identiv makes money primarily by selling IoT identification products—most notably RFID and NFC inlays and tags—to enterprise customers and solution providers that embed these components into finished labels, smart packaging, access credentials, an...
Identiv Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial progress (notably strong YoY revenue growth, substantial gross margin improvement, completed manufacturing transition to Thailand, a major IFCO strategic win, and a strong cash position) while acknowledging near-term challenges: softening consumer demand, expected margin variability during IFCO scale-up, continued non‑profitability and planned cash usage. Management presented clear milestones (IFCO pilot/mass production timing, ID Blue commercialization, NPD progress) and disciplined cost control, but conversion of pipeline opportunities and execution risk during the IFCO ramp introduce uncertainty.Positive Updates
Revenue Growth Exceeding Guidance
Q1 2026 revenue of $7.4M vs $5.3M in Q1 2025, a year-over-year increase of ~39.6%. Q1 sales exceeded company guidance, driven by strong demand, new customer conversions and one large customer pulling full-year volume into Q1.
Negative Updates
Near-Term Demand Softening in Consumer-Facing End Markets
Management reported softening demand among consumer-facing customers, particularly for higher-end appliances/devices impacting roughly 25%–30% of the customer base; Q2 revenue guidance ($5.4M–$6.0M) reflects pull-forward into Q1 and some softness going into Q2 (midpoint Q2 vs Q1 implies ~23% sequential decline).
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue Growth Exceeding Guidance
Q1 2026 revenue of $7.4M vs $5.3M in Q1 2025, a year-over-year increase of ~39.6%. Q1 sales exceeded company guidance, driven by strong demand, new customer conversions and one large customer pulling full-year volume into Q1.
Read all positive updates
Company Guidance
Management guided Q2 revenue of $5.4–$6.0M after reporting Q1 revenue of $7.4M (vs. $5.3M in Q1 2025), GAAP/non‑GAAP gross margins of 17.4%/23.8% (vs. 2.5%/10.8% in Q1 2025), GAAP/non‑GAAP operating expenses of $5.5M/$4.4M (vs. $5.6M/$4.5M), a GAAP net loss of $3.4M (‑$0.15/share) and a non‑GAAP adjusted EBITDA loss of $2.7M (vs. $3.9M). They exited Q1 with $124.8M in cash and $129.6M in working capital, expect to use $14–$16M of cash in 2026 excluding strategic‑review costs (including $3.5M capex for the IFCO program, a $1.0M working capital increase and $1.5M of chip purchases), and expect margins to improve over the year but be variable as IFCO scales (pilot >0.5M units starting soon; mass production planned for Q4). Operationally they see OpEx roughly flat, and reiterated commercial targets: a 2026 new‑customer pipeline goal of 125 opportunities with 35 conversions (Q1: 124 pipeline, 8 conversions) and 18 active NPD projects with 3 completed in Q1 (target 7 completions in 2026).Identiv Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.27M | 21.48M | 26.63M | 43.45M | 112.92M | 103.77M |
| Gross Profit | 3.86M | 1.31M | 340.00K | 6.01M | 40.94M | 37.07M |
| EBITDA | -13.81M | -16.25M | -24.55M | -10.65M | 2.12M | 4.10M |
| Net Income | -15.48M | -18.00M | 74.82M | -5.49M | -392.00K | 1.62M |
Balance Sheet | ||||||
| Total Assets | 140.68M | 151.34M | 163.22M | 112.95M | 102.77M | 96.66M |
| Cash, Cash Equivalents and Short-Term Investments | 119.41M | 128.61M | 135.65M | 23.31M | 16.65M | 28.55M |
| Total Debt | 1.08M | 856.00K | 2.02M | 12.24M | 4.56M | 2.21M |
| Total Liabilities | 7.60M | 10.64M | 9.16M | 38.68M | 27.37M | 22.15M |
| Stockholders Equity | 133.08M | 140.70M | 154.07M | 74.27M | 75.39M | 74.51M |
Cash Flow | ||||||
| Free Cash Flow | -9.25M | -7.81M | -16.93M | -3.13M | -11.71M | -859.00K |
| Operating Cash Flow | -7.05M | -6.70M | -15.43M | 1.16M | -7.81M | 1.23M |
| Investing Cash Flow | -1.85M | -810.00K | 141.49M | -4.15M | -3.87M | -1.48M |
| Financing Cash Flow | -518.00K | -431.00K | -13.63M | 10.07M | -1.04M | 19.34M |
Identiv Technical Analysis
Neutral
2.88
Price Trends
2.79
Positive
3.48
Negative
3.45
Negative
Market Momentum
<0.01
Negative
50.89
Neutral
30.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVE, the sentiment is Neutral. The current price of 2.88 is above the 20-day moving average (MA) of 2.73, above the 50-day MA of 2.79, and below the 200-day MA of 3.45, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 30.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for INVE.
Identiv Risk Analysis
Identiv disclosed 27 risk factors in its most recent earnings report. Identiv reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Identiv Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $227.32M | -165.19 | -1.75% | ― | -2.47% | 91.69% | |
63 Neutral | $53.38M | -148.80 | -1.25% | ― | 10.52% | 95.37% | |
58 Neutral | $877.27M | -1.84 | 167.40% | ― | 10.90% | 35.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | $259.63M | 93.04 | 3.29% | ― | -12.77% | ― | |
48 Neutral | $66.89M | -4.32 | -11.17% | ― | 3.11% | 46.15% | |
47 Neutral | $67.94M | -1.87 | -100.84% | ― | -35.13% | 96.88% |
* General Sector Average
INVE
Identiv
2.81
-0.99
-26.05%
ALOT
AstroNova
28.99
17.13
144.44%
QMCO
Quantum
24.33
17.03
233.29%
TACT
Transact Technologies
4.97
0.49
10.94%
UAVS
AgEagle Aerial Systems
1.12
-0.73
-39.46%
OSS
One Stop Systems
10.42
4.65
80.59%
Identiv Corporate Events
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Identiv CEO Resignation Highlights Strategic SaaS Transition
Neutral
Aug 5, 2026
On June 24, 2026, Identiv agreed to sell its specialty Internet of Things business to Trackonomy Systems under a stock and asset purchase agreement, with closing still subject to customary conditions, including shareholder approval. On July 30, 20...
Regulatory Filings and ComplianceShareholder Meetings
Identiv Sets 2026 Annual Stockholder Meeting Date
Neutral
Jul 27, 2026
Identiv, Inc. has scheduled its 2026 annual meeting of stockholders for September 10, 2026, formally setting the date on which shareholders will convene to conduct corporate governance business. The company has clarified that any stockholder propo...
Business Operations and StrategyStock BuybackM&A Transactions
Identiv Sells IoT Assets and Expands Buyback Plan
Positive
Jun 24, 2026
On June 24, 2026, Identiv agreed to sell substantially all assets of its specialty IoT business, including its Thai subsidiary and $25 million in cash, to Trackonomy Systems in exchange for $50 million of Trackonomy Series C preferred stock and th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.