Slide 1: Earnings Conference Call Q1 2025
Earnings Conference Call Q1 2025 May 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 • Q1 2025 Business Update • Q1 2025 Financial Review • Business Outlook: Perform-Accelerate-Transform • Corporate Governance • Q&A Session © 2025 Identiv, Inc. All Rights Reserved | 4
Slide 5: Macroeconomic Update | Q1 2025
Macroeconomic Update | Q1 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 | Q1 2025
Business Update | Q1 2025 • “Execution Mode” of Perform-Accelerate-Transform strategy underway • P-A-T Objective: strengthen and optimize the core “channel” business, accelerate growth through focused key initiatives, and transform the business into a market leader • RFID production transition to Th
Slide 7: Financial Review & Outlook | Q1 2025
Financial Review & Outlook | Q1 2025
Slide 8: Financial Results | Q1 2025
Financial Results | Q1 2025 Metric Q1 2025 Q1 2024 Commentary Net Revenue $5.3M $6.7M Planned exit of low margin business GAAP Gross Margin 2.5% 7.3% Thailand to Singapore transition and Non-GAAP Gross Margin* 10.8% 13.4% decreased utilization GAAP Operating Expenses $5.6M $5.5M Non-GAAP Operating E
Slide 9: Q1 2025 Balance Sheet and Cash Flow
Q1 2025 Balance Sheet and Cash Flow ($ in millions) Assets Q4'24 Q1'25 Liabilities & Equity Q4'24 Q1'25 Cash Flow Q4'24 Q1'25 Cash & cash equivalents* 135.9 132.7 Accounts payable 2.7 2.7 From operations* (5.9) (3.3) Accounts receivable 4.2 3.6 Financial liabilities - - From investing (1.0) (0.3) In
Slide 10: Financial Outlook
Financial Outlook Impact of Current U.S. Government Tariffs ➔ April 2025 U.S. tariffs not expected to have material Expected Q2 2025 net revenue impact on supply of raw materials or components $4.9 million to $5.3 million* ➔ Approx. 25% of finished goods are imported into the U.S.A., either by Ident
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 • New commercial leader meets in-person with • Expand Core “Channel” Business key customer accounts and suppliers • Grow market share focused on higher • Newly implemented stage gate process for NPD margin
Slide 15: Accelerate | Growth in High-Value Segments
Accelerate | Growth in High-Value Segments What It Means For Identiv Progress We Have Made • Added experienced team members in Accelerate growth by focusing/investing in three business development, marketing, R&D, and compelling growth initiatives, each with a strong product management in support of
Slide 16: Transform | Strategic M&A
Transform | Strategic M&A What It Means For Identiv Progress We Have Made • Discussions continue to progress with a select • Expedite reaching EBITDA breakeven group of M&A targets, although current through acquisitions to build scale and macroeconomic environment has presented expand products/capab
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 3/
Slide 18: Corporate Governance
Corporate Governance ➔ Board of Directors is seeking stockholder approval at 2025 Annual Meeting of Stockholders to amend Identiv’s charter to declassify the Board ➔ Board approved amendment to corporate governance guidelines that it will consider the resignation of any director receiving majority “
Slide 19: 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 20: Thank You
THANK YOU Visit identiv.com for more information © 2025 Identiv, Inc. All Rights Reserved 20 | 20
Slide 21: Appendix
Appendix
Slide 22: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations (unaudited, $ in thousands) © 2025 Identiv, Inc. All Rights Reserved | 22
Slide 23: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (unaudited, $ in thousands) © 2025 Identiv, Inc. All Rights Reserved | 23
Slide 24: 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 | 24