INVE Earnings Prediction
The chart below shows how INVE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, INVE sees a +9.57% change in stock price 10 days leading up to the earnings, and a -0.71% change 10 days following the report. On the earnings day itself, the stock moves by -2.56%. This data can give you a slight idea of what to expect for the next quarter's release.
INVE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
6.53M
-79.49%
-3.10%
Gross Margin
3.64%
-90.29%
-60.04%
Operating Margin
-146.25%
-10546.43%
46.70%
Net Margin
-142.82%
203928.57%
39.07%
EPS
3.62
36300.00%
-1440.74%
No Data Available
INVE Earnings Analysis
Identive, Inc. Corporation (INVE.O) Earnings Conference Call
Positive
Transaction Net Proceeds Estimate: The transaction net proceeds are anticipated to be approximately $135 million after taxes, transaction costs and other one-time costs.
Quarter Three Revenue Update: Our quarter three net revenue was $6.5 million, slightly above our previously announced guidance.
Cash Position Increase: We exited Q3 2024 with $145.7 million in cash, cash equivalents and restricted cash, an increase of $121.4 million since December 31, 2023.
New Project Initiatives: In the third quarter, we added new projects such as highly specialized BLE inlays to support cold chain monitoring for logistics and compliance.
Strategic M&A Target Range: We are currently targeting 35% to 40% for strategic M&A, the Transform part of our strategic framework.
Negative
Revenue Decline Analysis: Third quarter revenue was $6.5 million, a decrease of $5.2 million compared to the prior year period.
Revenue Decline Analysis: The decrease in GAAP revenue year-over-year was primarily the result of lower sales of BLE transponder and mobile products.
Gross Margin Comparison Q3: Third quarter GAAP and non-GAAP gross margins in Q3 2024 were 3.6% and 9.3%, respectively, compared to GAAP and non-GAAP gross margins of 11.2% and 14%, respectively, in Q3 2023.
Gross Profit Margin Decline: The decrease in gross profit margins was primarily attributable to lower sales, which resulted in the underutilization of our production facilities in Southeast Asia.
Quarterly Net Loss Comparison: Third quarter GAAP net loss from continuing operations was $9.3 million or $0.40 per basic and diluted share compared to GAAP net loss from continuing operations of $3.7 million or $0.17 per basic and diluted share in the third quarter of 2023.
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INVE Earning Call Sentiment
Identiv, Inc. (INVE) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
INVE.O
0.87%Positive
The earnings call reveals several concerns: declining revenue and margins, increased losses, and transition risks. Though there are positive aspects like a share repurchase program and strong cash position, the financial performance is weak with a significant net loss and lowered margins. The Q&A section showed management's inability to provide clear guidance on cash burn and acquisition plans, adding uncertainty. Despite strategic growth plans, the immediate financial challenges and lack of clear guidance suggest a negative stock price movement over the next two weeks.