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INVE Identiv

Identiv, Inc. is a global provider of physical security and secure identification. Identiv's products, software, systems, and services address the markets for physical and logical access control, video analytics, and a wide range of RFID-enabled applications. Customers in the government, enterprise, consumer, education, healthcare, banking, retail, and transportation sectors rely on Identiv's access and identification solutions. Identiv's mission is to secure the connected physical world: from perimeter to desktop access, and from the world of physical things to the Internet of Everything. Identiv is a publicly traded company and its common stock is listed on The NASDAQ Stock Market LLC in the U.S. under the symbol 'INVE.'

Company profile

Ticker
INVE
Exchange
CEO
Steven Humphreys
Employees
Incorporated
Location
Fiscal year end
Former names
IDENTIVE GROUP, INC., SCM MICROSYSTEMS INC
SEC CIK
IRS number
770444317

INVE stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

23 Mar 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Identiv earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 11.41M 11.41M 11.41M 11.41M 11.41M
Cash burn (monthly) (positive/no burn) 241.33K 370.83K (positive/no burn) 147.17K
Cash used (since last report) n/a 819.07K 1.26M n/a 499.47K
Cash remaining n/a 10.59M 10.15M n/a 10.91M
Runway (months of cash) n/a 43.9 27.4 n/a 74.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 Wallach Sandra Common Stock Payment of exercise Dispose F No No 0 861 0 108,103
31 Mar 21 Kremen Gary Common Stock Grant Aquire A No No 0 470 0 321,824
31 Mar 21 Steven Humphreys Common Stock Payment of exercise Dispose F No No 0 2,406 0 271,781
31 Mar 21 Steven Humphreys Common Stock Grant Aquire A No No 0 5,958 0 274,187
2 Mar 21 Wallach Sandra Common Stock Payment of exercise Dispose F No No 0 84 0 108,964
2 Mar 21 Wallach Sandra Common Stock Grant Aquire A No No 0 248 0 109,048
2 Mar 21 Steven Humphreys Common Stock Payment of exercise Dispose F No No 0 447 0 268,229
2 Mar 21 Steven Humphreys Common Stock Grant Aquire A No No 0 1,087 0 268,676

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

41.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 34 36 -5.6%
Opened positions 6 11 -45.5%
Closed positions 8 6 +33.3%
Increased positions 14 12 +16.7%
Reduced positions 10 5 +100.0%
13F shares
Current Prev Q Change
Total value 71.87M 46.67M +54.0%
Total shares 7.6M 7.25M +4.8%
Total puts 0 0
Total calls 12.3K 45.1K -72.7%
Total put/call ratio
Largest owners
Shares Value Change
Bleichroeder 2.2M $18.67M 0.0%
Kennedy Capital Management 777.06K $6.61M +2.3%
Vanguard 774.2K $6.58M +11.5%
Portolan Capital Management 772.32K $6.57M +33.4%
Royce & Associates 609.54K $5.18M +9.2%
Harbert Fund Advisors 604.27K $5.14M +92.3%
Essex Investment Management 406.03K $3.45M -16.3%
Renaissance Technologies 371.55K $3.16M -13.7%
BLK Blackrock 298K $2.53M +0.8%
Penbrook Management 185.6K $1.58M +12.1%
Largest transactions
Shares Bought/sold Change
Harbert Fund Advisors 604.27K +290.05K +92.3%
Portolan Capital Management 772.32K +193.25K +33.4%
Vanguard 774.2K +79.9K +11.5%
Essex Investment Management 406.03K -78.96K -16.3%
Heartland Advisors 0 -75.82K EXIT
Renaissance Technologies 371.55K -59.1K -13.7%
Royce & Associates 609.54K +51.11K +9.2%
Diametric Capital 0 -42.35K EXIT
Qube Research & Technologies 46.57K -39.39K -45.8%
Millennium Management 33.7K +33.7K NEW

Financial report summary

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Risks
  • Our financial performance depends on the extent and pace of RFID market adoption and end-user adoption of our RFID products and the timing of new customer deployments.
  • The impact of the COVID-19 pandemic, or similar global health concerns, could negatively impact our operations, supply chain and customer base.
  • Our business could be adversely affected by reductions or delays in the purchase of our products or services for government security programs in the United States and globally.
  • Our U.S. Government business depends upon the continuance of regulations that require federal agencies to implement security systems such as ours, and upon our ability to receive certain government approvals or certifications and demonstrate
  • Our revenues may decline if we cannot compete successfully in an intensely competitive market.
  • Our percentage of revenue and customer concentration is significant in certain of our businesses.
  • Our business will not be successful if we do not keep up with the rapid changes in our industry.
  • Security breaches, whether or not related to our products, could result in the disclosure of sensitive government information or private personal information that could result in the loss of clients and negative publicity.
  • Our business and reputation may adversely affected by information technology system failures or network disruptions.
  • Sales of our products could decline and we could be subject to legal claims for damages if our products are found to have defects.
  • The global nature of our business exposes us to operational and financial risks and our results of operations could be adversely affected if we are unable to manage them effectively.
  • If current or future export laws limit or otherwise restrict our business, we could be prohibited from shipping our products to certain countries, which could cause our business, financial condition and results of operations to suffer.
  • A significant portion of our revenue is through an indirect sales channel, and the loss of dealers, systems integrators, resellers, or other channel partners could result in decreased revenue.
  • We depend upon third-party manufacturers and a limited number of suppliers, and if we experience disruptions in our supply chain or manufacturing, our business may suffer.
  • Our success depends largely on the continued service and availability of key personnel.
  • Our revenue and operating results are subject to significant fluctuations and such fluctuations may lead to a reduced market price for our stock.
  • Estimating the amount and mix of future revenues is difficult, and our failure to do so accurately could affect our ability to be profitable or reduce the market price for our stock.
  • Our loan agreement may affect our liquidity or limit our ability to incur debt, make investments, sell assets, merge or complete other significant transactions.
  • If we are not able to secure additional capital when needed, our business could be adversely affected.
  • Fluctuations in foreign exchange rates between the U.S. dollar and other major currencies in which we do business may adversely affect our business, financial condition and results of operations.
  • Acquisitions and strategic investments require substantial resources, expose us to significant risks and may adversely impact our business.
  • Impairment in the value of our goodwill or other intangible assets could have a material adverse effect on our operating results and financial condition.
  • We may not be able to protect our intellectual property rights, which could make us less competitive and cause us to lose market share.
  • We face risks from future claims of third parties and litigation, which could have an adverse effect on our results of operations.
  • We have in the past been named as a defendant in putative securities class action and derivative lawsuits.
  • You may experience dilution of your ownership interests due to the future issuance of additional shares of our stock, and future sales of shares of our common stock could adversely affect our stock price.
  • Provisions in our charter documents and Delaware law may delay or prevent our acquisition by another company, which could decrease the value of your shares.
Management Discussion
  • Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the consolidated financial statements and notes thereto included in Part II, Item 8 of this Annual Report.
  • Identiv is a global provider of secure identification and physical security.
  • We are leveraging our RFID-based physical device-management expertise as well as our physical access, video and analytics solutions to provide leading solutions as our customers, and our customers’ customers, embracing the IoT. Customers in the technology and mobility, consumer, government, healthcare, education and other sectors rely on Identiv’s identification and access solutions. Identiv’s platform encompasses RFID and NFC, cybersecurity, and the full spectrum of physical access, video, and audio security. We are bringing the benefits of the IoT to a wide range of physical, connected items.
Content analysis
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Legalese
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H.S. sophomore Avg
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