NASDAQ$INVE

Identiv Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Identiv reported its Q4 2021 earnings, achieving 15% revenue growth year-over-year.

Identiv reported a 15% increase in revenue for the fourth quarter of 2021, reaching $28.5 million. The company's Identity segment grew by 11%, while the Premises segment saw a 22% increase. However, the company experienced a net loss of $1.9 million, impacted by a bad debt expense of $2.3 million related to aged accounts receivables.

  • Q4 revenue increased by 15% year-over-year to $28.5 million.
  • Identity segment revenue grew by 11% year-over-year.
  • Premises segment revenue increased by 22% year-over-year.
  • The company maintained a strong balance sheet with $28.6 million in cash and cash equivalents and no debt.

Headline financials

Total Revenue

$28.5M

Previous: $24.8M+14.8%
EPS (adj)

$0.02

Previous: -$0.05+140.0%
Gross Margin

33.0%

Previous: 35.0%-5.7%
Net Income

-$1.92M

Previous: -$700K-174.4%
Operating Income

-$1.88M

Previous: -$325K-477.8%
Gross Profit

$9.42M

Previous: $8.58M+9.7%
Cash & Equivalents

$28.6M

Previous: $11.4M+150.3%
Total Assets

$96.7M

Previous: $78.7M+22.9%
Stock-Based Comp

$579K

Previous: $845K-31.5%

Revenue & EPS history

Identiv · Revenue · Quarterly

$28.5M

Q4 2021+14.8%vs Q4 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Identiv reaffirmed its revenue guidance for fiscal year 2022, expecting revenues of $130 million to $135 million, reflecting year-over-year growth of 25% to 35%. Management also reaffirmed its guidance for 30% to 35% year-over-year revenue growth in fiscal year 2023.

Tailwinds

  • Strong backlog provides confidence in growth expectations for fiscal years 2022 and 2023.
  • Position as a premier provider of leading-edge NFC-enabled RFID products.
  • Increased federal government spending for security.
  • Sustainable customer retention rates.
  • Expanded recurring revenues.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.5%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.7%

Avg return

30 days after

55%

26 / 47 earnings

Positive

+36.0%

Q1 2020

Best reaction

-28.3%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-18.2%-18.6%-20.3%
Q4 2025+6.4%+1.5%+11.5%
Q3 2025-1.1%-2.1%-8.9%
Q2 2025-0.6%+2.8%+6.1%
Q1 2025+0.0%-0.6%+2.2%
Q4 2024-6.6%-0.6%-13.8%
Q3 2024+7.6%+2.7%+6.8%
Q2 2024-14.7%-10.8%-10.8%
Q1 2024-11.2%-14.7%-18.1%
Q4 2023-12.5%-13.6%-40.1%
Q3 2023-17.2%-12.6%+16.4%
Q2 2023+13.8%+18.4%+10.8%
Q1 2023+20.6%+26.4%+33.6%
Q4 2022+1.0%+2.0%-12.4%
Q3 2022-28.3%-26.9%-32.4%
Q2 2022+12.6%+14.7%+4.4%
Q1 2022-0.1%-4.8%+6.5%
Q4 2021-25.8%-26.3%-23.8%
Q3 2021+14.4%+26.4%+15.8%
Q2 2021+3.1%+13.9%+14.1%
Q1 2021+2.5%-2.4%+2.4%
Q4 2020-2.5%+1.4%+2.9%
Q3 2020+9.3%+0.3%+16.7%
Q2 2020-4.2%-2.9%+2.3%
Q1 2020+36.0%+25.5%+75.2%
Q4 2019-16.8%-32.3%-21.9%
Q3 2019+0.4%+0.2%+0.6%
Q2 2019+14.1%+7.9%+3.3%
Q1 2019+1.3%-6.4%-9.3%
Q4 2018-6.6%-12.5%-14.2%
Q3 2018+7.0%+1.7%-18.7%
Q2 2018+17.5%+16.2%+24.2%
Q1 2018+12.6%+8.8%+26.0%
Q4 2017+2.1%-1.9%-10.6%
Q3 2017+0.7%+3.0%+0.0%
Q2 2017-1.6%+0.0%-3.8%
Q1 2017+4.7%-8.8%-5.9%
Q4 2016+3.0%+9.3%+35.5%
Q3 2016+16.3%+32.7%+49.5%
Q2 2016+9.6%+16.5%+5.3%
Q1 2016-17.4%
Q4 2015-3.2%
Q2 2015+15.4%
Q1 2015-18.8%
Q4 2014-6.5%
Q1 2014+3.7%
Q2 2010+3.6%

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