Slide 1: Earnings Conference Call Q3 2025
Earnings Conference Call Q3 2025 November 10, 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 • Q3 2025 Business Update • Q3 2025 Financial Review • Business Outlook: Perform-Accelerate-Transform • Q&A Session © 2025 Identiv, Inc. All Rights Reserved | 4
Slide 5: Business Update | Q3 2025
Business Update | Q3 2025 • Perform, Accelerate, and Transform (P-A-T) strategy remains central to transforming Identiv and creating lasting value for our stockholders • Q3 revenue of $5.0 million in line with guidance • Gross profit margin improved due to completion of two-year transition of all pr
Slide 6: Financial Review & Outlook | Q3 2025
Financial Review & Outlook | Q3 2025
Slide 7: Financial Results | Q3 2025
Financial Results | Q3 2025 Metric Q3 2025 Q3 2024 Commentary Lower sales from exiting lower-margin Net Revenue $5.0M $6.5M business earlier in FY 2025 GAAP Gross Margin 10.7% 3.6% Completed transition of all production to Thailand Non-GAAP Gross Margin* 19.1% 9.3% GAAP Operating Expenses $6.1M $9.8
Slide 8: Q3 2025 Balance Sheet and Cash Flow and Financial Outlook
Q3 2025 Balance Sheet and Cash Flow ($ in millions) and Financial Outlook Assets Q2'25 Q3'25 Liabilities & Equity Q2'25 Q3'25 Cash Flow Q2'25 Q3'25 Cash & cash equivalents* 129.6 126.6 Accounts payable 1.8 2.4 From operations* (3.6) (2.9) Accounts receivable 3.5 4.4 Financial liabilities - - From in
Slide 9: Business Outlook
Business Outlook Perform. Accelerate. Transform.
Slide 10: 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 11: Perform | Strengthen & Grow the Core Business
Perform | Strengthen & Grow the Core Business What It Means For Identiv Progress We Have Made • Expand Core “Channel” Business • 100% of RFID production at Thailand facility • Grow market share focused on higher • Singapore site shutdown on track for margin opportunities completion by year-end • Str
Slide 12: Accelerate | Growth in High-Value Segments
Accelerate | Growth in High-Value Segments What It Means For Identiv Progress We Have Made Accelerate growth by focusing/investing in three • Completed and shipped the first production runs of compelling growth initiatives, each with a strong IFCO BLE prototypes NPV • Formalized partnership and manu
Slide 13: Transform | Strategic M&A
Transform | Strategic M&A What It Means For Identiv Progress We Have Made • Create significant business expansion and • Continue to work with our financial advisor, capability growth through M&A for long- Raymond James, to assess our strategic term success alternatives • Focus on expanding the busin
Slide 14: 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 formal targets for these metrics in 2026 Key Metric Description Total
Slide 15: Key Takeaways
Key Takeaways Committed to advancing specialized IoT solutions, expanding BLE 1 capabilities, and leveraging advantages of Thailand-based production By continuing to execute against our Perform, Accelerate, and 2 Transform strategy, expect to be well-positioned to capture future growth opportunities
Slide 16: Thank You
THANK YOU Visit identiv.com for more information 16 | 16 © 2025 Identiv, Inc. All Rights Reserved
Slide 17: Appendix
Appendix
Slide 18: 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 19: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (unaudited, $ in thousands) © 2025 Identiv, Inc. All Rights Reserved | 19
Slide 20: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (unaudited, $ in thousands) © 2025 Identiv, Inc. All Rights Reserved | 20
Slide 21: Reconciliation of GAAP to Non-GAAP Financial Information – Continuing Operations
Reconciliation of GAAP to Non-GAAP Financial Information – Continuing Operations (unaudited, $ in thousands) © 2025 Identiv, Inc. All Rights Reserved | 21