Identiv, Inc. · NASDAQ:INVE
Identiv — Q2 2025 Earnings Presentation
23 slides from Identiv's earnings presentation, Aug 7, 2025
Slide 1: Earnings Conference Call Q2 2025
Earnings Conference Call Q2 2025 August 7, 2025
Slide 2: Safe Harbor | Note Regarding Forward-Looking Information
Safe Harbor | Note Regarding Forward-Looking Information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expecta
Slide 3: Safe Harbor | Note Regarding Forward-Looking Information (con't.)
Safe Harbor | Note Regarding Forward-Looking Information (con’t.) Non-GAAP Financial Measures (Unaudited) This presentation includes financial information that has not been prepared in accordance with accounting principles generally accepted in the United States (GAAP), including non-GAAP adjusted E
Slide 4: Agenda
AGENDA • Q2 2025 Business Update • Q2 2025 Financial Review • Business Outlook: Perform-Accelerate-Transform • Q&A Session © 2025 Identiv, Inc. All Rights Reserved | 4
Slide 5: Macroeconomic Update | Q2 2025
Macroeconomic Update | Q2 2025 Strong macro trends continue to drive demand for RFID and next- generation technologies like BLE, despite ongoing disruption and uncertainty in the global market Anticipate continued market uncertainty for the foreseeable future and are closely monitoring risks Develop
Slide 6: Business Update | Q2 2025
Business Update | Q2 2025 • Ed Kirnbauer appointed CFO of Identiv • Announced strategic partnership with grocery logistics leader IFCO • Over 400M reusable packaging containers (RPCs) in circulation • Developing BLE smart label to enable real-time tracking and temperature monitoring of global RPC po
Slide 7: Financial Review & Outlook | Q2 2025
Financial Review & Outlook | Q2 2025
Slide 8: Financial Results | Q2 2025
Financial Results | Q2 2025 Metric Q2 2025 Q2 2024 Commentary Net Revenue $5.0M $6.7M Planned exit of low margin business GAAP Gross Margin (9.4%) 9.1% Thailand to Singapore transition and Non-GAAP Gross Margin* (0.8%) 14.6% lower utilization GAAP Operating Expenses $5.9M $7.3M Non-GAAP Operating Ex
Slide 9: Q2 2025 Balance Sheet and Cash Flow
Q2 2025 Balance Sheet and Cash Flow ($ in millions) Assets Q1'25 Q2'25 Liabilities & Equity Q1'25 Q2'25 Cash Flow Q1'25 Q2'25 Cash & cash equivalents* 132.7 129.6 Accounts payable 2.7 1.8 From operations* (3.3) (3.6) Accounts receivable 3.6 3.5 Financial liabilities - - From investing (0.3) (0.2) In
Slide 10: Financial Outlook
Financial Outlook Impact of Current U.S. Government Tariffs ➔ U.S. government announced 19% tariff on imports from Q3 2025 Net Revenue Thailand in July 2025 $4.8 million to $5.2 million* ➔ Approx. 25% of finished goods are imported into the U.S.A., either by Identiv or our customers ➔ To date, all i
Slide 11: Business Outlook: Perform. Accelerate. Transform.
Business Outlook Perform. Accelerate. Transform.
Slide 12: Strong Macro Trends Driving Demand for Identiv's Unique Value Proposition
Strong Macro Trends Driving Demand for Identiv’s Unique Value Proposition Strong Macro Trends Driving Demand for RFID and Next Gen Technologies Compelling Benefits from Digital ID of Products through RFID Identiv Plans To Execute its “Perform, Accelerate, and Transform” Strategy to Grow Sales Emergi
Slide 13: Perform. Accelerate. Transform. Our Strategy for Success
Perform. Accelerate. Transform. Our Strategy for Success Perform Accelerate Transform Deliver exceptional results for Accelerate growth in key high value Create significant business customers and drive operational segments and through technology expansion and capability growth excellence innovation
Slide 14: Perform | Strengthen & Grow the Core Business
Perform | Strengthen & Grow the Core Business Progress We Have Made What It Means For Identiv • Commercial team fully in place and building • Expand Core “Channel” Business sales momentum • Grow market share focused on higher • New marketing team successfully growing margin opportunities customer in
Slide 15: Accelerate | Growth in High-Value Segments
Accelerate | Growth in High-Value Segments What It Means For Identiv Progress We Have Made • Increasing customer interest for specialized BLE labels; Accelerate growth by focusing/investing in three several significant projects in our pipeline, including IFCO compelling growth initiatives, each with
Slide 16: Transform | Strategic M&A
Transform | Strategic M&A What It Means For Identiv Progress We Have Made • Continue to evaluate our strategic alternatives • Expedite reaching EBITDA breakeven with financial advisor Raymond James through acquisitions to build scale and expand products/capabilities, while • Strengthened internal M&
Slide 17: P-A-T New Metrics
P-A-T New Metrics • Several metrics have been developed to monitor our progress across our strategic objectives. We are developing our baseline and refining our learning of these metrics as 2025 progresses • We intend to establish targets for these metrics in 2026 Key Metric Description Total (at 6/
Slide 18: Key Takeaways
Key Takeaways Long-term secular trends driving demand for RFID and BLE-enabled 1 solutions remain solid, despite global macroeconomic uncertainty Identiv’s value proposition remains strong and consistent, with a 2 focused team in place to execute its Perform, Accelerate, Transform strategic framewor
Slide 19: Thank You
THANK YOU Visit identiv.com for more information 19 | 19 © 2025 Identiv, Inc. All Rights Reserved
Slide 20: Appendix
Appendix
Slide 21: Condensed Consolidated Statements of Operations
Condensed Consolidated Identiv, Inc. Statements of Operations Condensed Consolidated Statements of Operations (in thousands, except per share data) (unaudited) (unaudited, $ in thousands) Three Months Ended Six Months Ended June 30, June 30, June 30, June 30, 2025 2024 2025 2024 Net revenue $ 5,040
Slide 22: Condensed Consolidated Balance Sheets
Identiv, Inc. Condensed Consolidated Condensed Consolidated Balance Sheets (in thousands) (unaudited) Balance Sheets June 30, 2025 December 31, 2024 (unaudited, $ in thousands) ASSETS Current assets: Cash and cash equivalents $ 129,339 $ 135,646 Restricted cash 300 300 Accounts receivable, net of al
Slide 23: Reconciliation of GAAP to Non-GAAP Financial Information – Continuing Operations
Reconciliation of GAAP to Identiv, Inc. Reconciliation of GAAP to Non-GAAP Financial Information - Continuing Operations Non-GAAP Financial (in thousands) (unaudited) Three Months Ended Six Months Ended Information – Continuing June 30, June 30, June 30, June 30, 2025 2024 2025 2024 Reconciliation o