Identiv, Inc. (INVE) 10-Year Financial Performance & Capital Metrics

INVE • • Industrial / General

TechnologyComputer HardwareSpecialty Printers & Data AcquisitionSpecialty Label & Industrial Printers

AboutIdentiv, Inc. operates as a security technology company that secures things, data, and physical places in the Americas, Europe, the Middle East, and the Asia-Pacific. The company operates in two segments, Identity and Premises. The Identity segment offers products and solutions that enables secure access to information serving the logical access and cyber security markets, as well as protecting connected objects and information using radio-frequency identification embedded security. The Premises segment provides solutions for premises security market, such as access control, video surveillance, analytics, audio, access readers, and identities to government facilities, schools, utilities, hospitals, stores, apartment buildings, and shops. The company sells its products through dealers, systems integrators, value added resellers, and resellers. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.Show more

Revenue $27M -38.7%
EBITDA -$25M -132.9%
Net Income $75M +1463.1%
EPS (Diluted) 3.14 +1182.8%
Gross Margin 1.28% -90.8%
EBITDA Margin -94.23% -280.0%
Operating Margin -105.01% -237.8%
Net Margin 280.98% +2323.9%
ROE 65.53% +993.4%
ROIC -50.15% -213.1%
Debt/Equity 0.01 -92.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Good 3Y average ROE of 19.2%
✓Healthy 5Y average net margin of 52.7%
✓Trading at only 0.5x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 20.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-10.56%

5Y-20.48%

3Y-36.45%

TTM-54.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y258.78%

TTM-119.9%

EPS CAGR

10Y-

5Y-

3Y421.81%

TTM-126.17%

ROCE

10Y Avg-18.42%

5Y Avg-10.41%

3Y Avg-13.57%

Latest-23.55%

Peer Comparison

Specialty Label & Industrial Printers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
INVEIdentiv, Inc.	81.48M	3.43	1.09	-38.71%	-66.49%	-10.19%		0.01
ALOTAstroNova, Inc.	73.02M	9.56	-4.95	2.16%	-11.2%	-21.9%	5.04%	0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	60.79M	56.17M	60.22M	78.14M	83.75M	86.92M	103.77M	112.92M	43.45M	26.63M
Revenue Growth %	-0.25%	-0.08%	0.07%	0.3%	0.07%	0.04%	0.19%	0.09%	-0.62%	-0.39%
Cost of Goods Sold+	37.65M	32.44M	38.06M	44.81M	47.1M	53.24M	66.7M	71.97M	37.44M	26.29M
COGS % of Revenue	0.62%	0.58%	0.63%	0.57%	0.56%	0.61%	0.64%	0.64%	0.86%	0.99%
Gross Profit+	23.15M	23.73M	22.16M	33.33M	36.65M	33.68M	37.07M	40.94M	6.01M	340K
Gross Margin %	0.38%	0.42%	0.37%	0.43%	0.44%	0.39%	0.36%	0.36%	0.14%	0.01%
Gross Profit Growth %	-0.31%	0.03%	-0.07%	0.5%	0.1%	-0.08%	0.1%	0.1%	-0.85%	-0.94%
Operating Expenses+	48.99M	31.86M	26.84M	34.45M	36.76M	37.13M	38.41M	41.28M	19.52M	28.3M
OpEx % of Revenue	0.81%	0.57%	0.45%	0.44%	0.44%	0.43%	0.37%	0.37%	0.45%	1.06%
Selling, General & Admin	39.84M	25.34M	20.69M	27.21M	27.58M	25.89M	28.92M	31.16M	14.96M	23.87M
SG&A % of Revenue	0.66%	0.45%	0.34%	0.35%	0.33%	0.3%	0.28%	0.28%	0.34%	0.9%
Research & Development	9.15M	6.52M	6.15M	7.24M	8.62M	9.78M	8.67M	9.92M	4.4M	3.89M
R&D % of Revenue	0.15%	0.12%	0.1%	0.09%	0.1%	0.11%	0.08%	0.09%	0.1%	0.15%
Other Operating Expenses	0	0	0	0	564K	1.46M	817K	202K	157K	540K
Operating Income+	-35.88M	-11.22M	-4.63M	-1.86M	-109K	-3.45M	-1.35M	-333K	-13.51M	-27.96M
Operating Margin %	-0.59%	-0.2%	-0.08%	-0.02%	-0%	-0.04%	-0.01%	-0%	-0.31%	-1.05%
Operating Income Growth %	-1.67%	0.69%	0.59%	0.6%	0.94%	-30.63%	0.61%	0.75%	-39.56%	-1.07%
EBITDA+	-32.73M	-8.05M	-1.88M	1.3M	3.47M	-135K	624K	1.94M	-10.77M	-25.09M
EBITDA Margin %	-0.54%	-0.14%	-0.03%	0.02%	0.04%	-0%	0.01%	0.02%	-0.25%	-0.94%
EBITDA Growth %	-2.14%	0.75%	0.77%	1.69%	1.67%	-1.04%	5.62%	2.11%	-6.56%	-1.33%
D&A (Non-Cash Add-back)	3.15M	3.17M	2.75M	3.17M	3.58M	3.31M	1.97M	2.27M	2.73M	2.87M
EBIT	-37.09M	-11.19M	-5.78M	-3.03M	92K	-3.57M	2.13M	-148K	-13.38M	-27.42M
Net Interest Income+	-1.91M	-2.38M	-2.59M	-1.52M	-917K	-1.46M	-483K	-143K	-427K	1.35M
Interest Income	0	0	0	0	0	0	0	0	0	1.35M
Interest Expense	1.91M	2.38M	2.59M	1.52M	917K	1.46M	483K	143K	427K	0
Other Income/Expense	-3.12M	-2.35M	-3.74M	-2.68M	-716K	-1.58M	3M	42K	-305K	2.14M
Pretax Income+	-39M	-13.57M	-8.37M	-4.55M	-825K	-5.03M	1.65M	-291K	-13.81M	-25.82M
Pretax Margin %	-0.64%	-0.24%	-0.14%	-0.06%	-0.01%	-0.06%	0.02%	-0%	-0.32%	-0.97%
Income Tax+	222K	132K	-214K	155K	326K	73K	28K	101K	65K	90K
Effective Tax Rate %	1%	1.01%	0.97%	1.04%	1.4%	1.01%	0.98%	1.35%	0.4%	-2.9%
Net Income+	-39.14M	-13.7M	-8.14M	-4.71M	-1.15M	-5.11M	1.62M	-392K	-5.49M	74.82M
Net Margin %	-0.64%	-0.24%	-0.14%	-0.06%	-0.01%	-0.06%	0.02%	-0%	-0.13%	2.81%
Net Income Growth %	-1.2%	0.65%	0.41%	0.42%	0.76%	-3.44%	1.32%	-1.24%	-13%	14.63%
Net Income (Continuing)	-39.22M	-13.7M	-8.15M	-4.7M	-1.15M	-5.11M	1.62M	-392K	-13.88M	-25.91M
Discontinued Operations	0	0	0	0	0	0	0	0	8.39M	100.73M
Minority Interest	-156K	-180K	-178K	-170K	0	0	0	0	0	0
EPS (Diluted)+	-3.62	-1.25	-0.61	-0.30	-0.07	-0.34	0.02	-0.07	-0.29	3.14
EPS Growth %	-0.76%	0.65%	0.51%	0.51%	0.77%	-4.01%	1.06%	-4.19%	-3.11%	11.83%
EPS (Basic)	-3.62	-1.25	-0.61	-0.30	-0.07	-0.34	0.02	-0.07	-0.29	3.14
Diluted Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	21.34M	22.66M	23.07M	23.58M
Basic Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	21.34M	22.66M	23.07M	23.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	41.27M	31.65M	44.24M	42.19M	46.18M	53.45M	72.73M	75.1M	79.49M	152.84M
Cash & Short-Term Investments	16.67M	9.12M	19.05M	10.87M	9.38M	11.41M	28.55M	16.65M	23.31M	135.65M
Cash Only	16.67M	9.12M	19.05M	10.87M	9.38M	11.41M	28.55M	16.65M	23.31M	135.65M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.92M	9.43M	12.28M	14.95M	18.36M	18.93M	19.96M	24.83M	7.17M	4.21M
Days Sales Outstanding	47.52	61.28	74.44	69.84	80.03	79.48	70.22	80.25	60.27	57.76
Inventory	14.73M	11.6M	11.13M	13.63M	16.14M	20.3M	19.92M	28.96M	12.65M	7.47M
Days Inventory Outstanding	142.78	130.48	106.7	111.03	125.11	139.15	109.03	146.86	123.33	103.79
Other Current Assets	0	1.51M	1.78M	2.74M	2.29M	0	1.25M	487K	34.18M	300K
Total Non-Current Assets+	12.62M	8.95M	7.12M	24.11M	28.14M	25.23M	23.94M	27.67M	33.47M	10.38M
Property, Plant & Equipment	4.22M	2.42M	2.04M	2.62M	6.67M	6.23M	6.15M	11.09M	14.53M	9.69M
Fixed Asset Turnover	14.41x	23.25x	29.48x	29.78x	12.56x	13.95x	16.86x	10.18x	2.99x	2.75x
Goodwill	0	0	0	9.29M	10.24M	10.27M	10.27M	10.19M	10.22M	0
Intangible Assets	7.28M	5.82M	4.37M	10.98M	10.1M	7.56M	6.45M	5.26M	4.25M	0
Long-Term Investments	300K	300K	300K	300K	348K	348K	348K	348K	348K	348K
Other Non-Current Assets	1.13M	712K	-1.48M	1.22M	1.12M	-2.16M	722K	772K	886K	338K
Total Assets+	53.9M	40.6M	51.36M	66.31M	74.32M	78.68M	96.66M	102.77M	112.95M	163.22M
Asset Turnover	1.13x	1.38x	1.17x	1.18x	1.13x	1.10x	1.07x	1.10x	0.38x	0.16x
Asset Growth %	-0.37%	-0.25%	0.27%	0.29%	0.12%	0.06%	0.23%	0.06%	0.1%	0.45%
Total Current Liabilities+	16.22M	22.57M	21.2M	29.48M	34.48M	41.57M	20.85M	23.39M	30.78M	7.96M
Accounts Payable	6.28M	6.02M	5.86M	5.65M	8.8M	10.96M	10.5M	15.23M	5.45M	2.75M
Days Payables Outstanding	60.89	67.78	56.23	46.05	68.19	75.17	57.47	77.24	53.09	38.13
Short-Term Debt	0	8.12M	9.83M	2M	14.19M	20.08M	0	0	9.95M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	0	1000K	0
Other Current Liabilities	2.59M	2.31M	-6.92M	17.86M	5.81M	4.28M	2.82M	2.41M	9.83M	1.39M
Current Ratio	2.55x	1.40x	2.09x	1.43x	1.34x	1.29x	3.49x	3.21x	2.58x	19.20x
Quick Ratio	1.64x	0.89x	1.56x	0.97x	0.87x	0.80x	2.53x	1.97x	2.17x	18.26x
Cash Conversion Cycle	129.41	123.98	124.92	134.82	136.95	143.46	121.78	149.87	130.51	123.42
Total Non-Current Liabilities+	23.49M	14.1M	6.3M	3.13M	4.38M	2.92M	1.3M	3.98M	7.9M	1.2M
Long-Term Debt	22.53M	0	5.92M	1.86M	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	3.01M	2.27M	938K	3.37M	1.51M	1.17M
Deferred Tax Liabilities	0	0	1.9M	-1.86M	0	0	0	0	3.23M	0
Other Non-Current Liabilities	508K	14.1M	385K	632K	364K	258K	365K	612K	2.23M	29K
Total Liabilities	39.71M	36.67M	27.51M	32.61M	38.85M	44.49M	22.15M	27.37M	38.68M	9.16M
Total Debt+	18.1M	9.78M	2.92M	2M	19.02M	23.64M	2.21M	4.56M	12.24M	2.02M
Net Debt	1.44M	663K	-16.13M	-8.87M	9.63M	12.23M	-26.35M	-12.09M	-11.07M	-133.63M
Debt / Equity	1.29x	2.61x	0.12x	0.06x	0.54x	0.69x	0.03x	0.06x	0.16x	0.01x
Debt / EBITDA	-	-	-	1.54x	5.47x	-	3.54x	2.35x	-	-
Net Debt / EBITDA	-	-	-	-6.81x	2.77x	-	-42.22x	-6.24x	-	-
Interest Coverage	-18.80x	-4.72x	-1.79x	-1.23x	-0.12x	-2.36x	-2.79x	-2.33x	-31.63x	-
Total Equity+	14.03M	3.75M	23.68M	33.53M	35.47M	34.19M	74.51M	75.39M	74.27M	154.07M
Equity Growth %	-0.71%	-0.73%	5.31%	0.42%	0.06%	-0.04%	1.18%	0.01%	-0.01%	1.07%
Book Value per Share	1.30	0.34	1.78	2.14	2.09	1.90	3.49	3.33	3.22	6.53
Total Shareholders' Equity	14.19M	3.93M	23.85M	33.7M	35.47M	34.19M	74.51M	75.39M	74.27M	154.07M
Common Stock	11K	11K	15K	17K	18K	19K	24K	24K	25K	26K
Retained Earnings	-377.81M	-391.51M	-399.65M	-404.35M	-405.5M	-410.61M	-408.99M	-409.38M	-414.87M	-340.05M
Treasury Stock	-6.49M	-6.71M	-7.49M	-8.15M	-9.04M	-9.93M	-11.13M	-12.17M	-12.97M	-16.49M
Accumulated OCI	2.23M	2.05M	2.67M	2.21M	2.02M	2.58M	1.95M	1.1M	1.33M	1.1M
Minority Interest	-156K	-180K	-178K	-170K	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-23M	-6.22M	-7.83M	-5.2M	427K	-1.77M	1.23M	-7.81M	1.16M	-15.43M
Operating CF Margin %	-0.38%	-0.11%	-0.13%	-0.07%	0.01%	-0.02%	0.01%	-0.07%	0.03%	-0.58%
Operating CF Growth %	-0.96%	0.73%	-0.26%	0.34%	1.08%	-5.14%	1.7%	-7.36%	1.15%	-14.34%
Net Income	-39.22M	-13.7M	-8.15M	-4.7M	-1.15M	-5.11M	1.62M	-392K	-5.49M	74.82M
Depreciation & Amortization	3.15M	3.17M	2.75M	3.17M	3.58M	3.31M	1.97M	2.27M	2.73M	2.87M
Stock-Based Compensation	4.67M	2.84M	2.48M	2.65M	2.65M	3.03M	2.61M	3.16M	3.97M	8.73M
Deferred Taxes	8.79M	331K	788K	1.37M	0	1.29M	0	0	0	0
Other Non-Cash Items	944K	1.21M	1.11M	566K	105K	375K	-563K	38K	-89K	-102.49M
Working Capital Changes	-1.33M	-67K	-6.81M	-8.24M	-4.76M	-4.67M	-4.41M	-12.89M	32K	638K
Change in Receivables	5.45M	-1.44M	-2.79M	-68K	-2.75M	-591K	-3.57M	-5.05M	2.89M	6.16M
Change in Inventory	-5.86M	3.29M	484K	-959K	-2.28M	-4.11M	389K	-9.33M	219K	4.48M
Change in Payables	-1.89M	-191K	-222K	-1.82M	2.76M	2.46M	-441K	4.07M	-2.53M	-5.32M
Cash from Investing+	-341K	-549K	-967K	-3.37M	-1.48M	-1.56M	-1.48M	-3.87M	-4.15M	141.49M
Capital Expenditures	-341K	-549K	-967K	-1.35M	-289K	-1.56M	-2.09M	-3.9M	-4.28M	-1.49M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0%	0.02%	0.02%	0.03%	0.1%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	2.13M	-221K	18.08M	808K	-227K	4.85M	19.34M	-1.04M	10.07M	-13.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-833K	-1.04M	-1.09M	0	0	-1.27M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	46K	0	-777K	-655K	152K	204K	-902K	-1.04M	470K	-1.64M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-23.34M	-6.77M	-8.8M	-6.54M	138K	-3.33M	-859K	-11.71M	-3.13M	-16.93M
FCF Margin %	-0.38%	-0.12%	-0.15%	-0.08%	0%	-0.04%	-0.01%	-0.1%	-0.07%	-0.64%
FCF Growth %	-0.79%	0.71%	-0.3%	0.26%	1.02%	-25.13%	0.74%	-12.63%	0.73%	-4.41%
FCF per Share	-2.16	-0.62	-0.66	-0.42	0.01	-0.19	-0.04	-0.52	-0.14	-0.72
FCF Conversion (FCF/Net Income)	0.59x	0.45x	0.96x	1.10x	-0.37x	0.35x	0.76x	19.92x	-0.21x	-0.21x
Interest Paid	1.4M	1.61M	2.66M	1.79M	857K	945K	340K	6K	451K	324K
Taxes Paid	104K	167K	140K	179K	220K	112K	74K	88K	123K	4.18M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-126.4%	-153.99%	-59.34%	-16.46%	-3.34%	-14.66%	2.98%	-0.52%	-7.33%	65.53%
Return on Invested Capital (ROIC)	-132.01%	-84.63%	-58.07%	-8.69%	-0.23%	-5.65%	-2.14%	-0.45%	-16.01%	-50.15%
Gross Margin	38.08%	42.25%	36.8%	42.66%	43.76%	38.75%	35.72%	36.26%	13.83%	1.28%
Net Margin	-64.39%	-24.38%	-13.51%	-6.02%	-1.37%	-5.87%	1.56%	-0.35%	-12.63%	280.98%
Debt / Equity	1.29x	2.61x	0.12x	0.06x	0.54x	0.69x	0.03x	0.06x	0.16x	0.01x
Interest Coverage	-18.80x	-4.72x	-1.79x	-1.23x	-0.12x	-2.36x	-2.79x	-2.33x	-31.63x	-
FCF Conversion	0.59x	0.45x	0.96x	1.10x	-0.37x	0.35x	0.76x	19.92x	-0.21x	-0.21x
Revenue Growth	-25.18%	-7.61%	7.21%	29.76%	7.18%	3.78%	19.38%	8.81%	-61.52%	-38.71%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Identity	-	-	-	-	-	52.74M	64.72M	67.42M	68.12M	-
Identity Growth	-	-	-	-	-	-	22.72%	4.17%	1.03%	-
Physical Access Control Systems	-	-	-	-	-	34.18M	39.04M	45.49M	48.27M	-
Physical Access Control Systems Growth	-	-	-	-	-	-	14.24%	16.52%	6.10%	-
Physical Access And Identity Control Readers	-	-	-	21.68M	25.16M	-	-	-	-	-
Physical Access And Identity Control Readers Growth	-	-	-	-	16.03%	-	-	-	-	-
Controller Panels	10.27M	14.91M	14.64M	14.51M	16.46M	-	-	-	-	-
Controller Panels Growth	-	45.13%	-1.82%	-0.87%	13.45%	-	-	-	-	-
Tags And Transponders	20.31M	10.89M	13.09M	12.95M	15.38M	-	-	-	-	-
Tags And Transponders Growth	-	-46.38%	20.19%	-1.04%	18.71%	-	-	-	-	-
Access Cards And Provisioning	7.39M	7.11M	8.4M	14.24M	10.96M	-	-	-	-	-
Access Cards And Provisioning Growth	-	-3.90%	18.15%	69.57%	-23.00%	-	-	-	-	-
Services	-	-	3.82M	6.15M	7.4M	-	-	-	-	-
Services Growth	-	-	-	61.22%	20.32%	-	-	-	-	-
Video Technology And Analytics	-	-	-	6.29M	6.13M	-	-	-	-	-
Video Technology And Analytics Growth	-	-	-	-	-2.62%	-	-	-	-	-
Software	-	-	666K	1.11M	1.62M	-	-	-	-	-
Software Growth	-	-	-	67.12%	45.46%	-	-	-	-	-
Third Party Access Control Products	1.52M	1.65M	1.01M	1.21M	652K	-	-	-	-	-
Third Party Access Control Products Growth	-	8.01%	-38.36%	18.84%	-45.89%	-	-	-	-	-
Logical And Physical Access Control Readers	17.16M	17.67M	18.6M	-	-	-	-	-	-	-
Logical And Physical Access Control Readers Growth	-	2.95%	5.26%	-	-	-	-	-	-	-
Other Product	4.13M	3.95M	-	-	-	-	-	-	-	-
Other Product Growth	-	-4.41%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	40.85M	38.13M	40.02M	-	-	-	-	-	84.51M	12.02M
Americas Growth	-	-6.64%	4.94%	-	-	-	-	-	-	-85.77%
Europe And Middle East	9.47M	8.59M	7.89M	-	-	-	-	-	17.88M	7.59M
Europe And Middle East Growth	-	-9.32%	-8.17%	-	-	-	-	-	-	-57.54%
Asia Pacific	10.47M	9.44M	12.31M	-	-	-	-	-	13.99M	7.01M
Asia Pacific Growth	-	-9.83%	30.39%	-	-	-	-	-	-	-49.86%
U S	40.85M	-	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Identiv, Inc. (INVE) has a price-to-earnings (P/E) ratio of 1.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Identiv, Inc. (INVE) reported $22.0M in revenue for fiscal year 2024. This represents a 79% decrease from $102.7M in 2011.

Identiv, Inc. (INVE) saw revenue decline by 38.7% over the past year.

Identiv, Inc. (INVE) reported a net loss of $14.6M for fiscal year 2024.

Dividend & Returns

Identiv, Inc. (INVE) has a return on equity (ROE) of 65.5%. This is excellent, indicating efficient use of shareholder capital.

Identiv, Inc. (INVE) had negative free cash flow of $17.2M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Identiv, Inc. (INVE) 10-Year Financial Performance & Capital Metrics

INVE • • Industrial / General

TechnologyComputer HardwareSpecialty Printers & Data AcquisitionSpecialty Label & Industrial Printers

Revenue $27M -38.7%
EBITDA -$25M -132.9%
Net Income $75M +1463.1%
EPS (Diluted) 3.14 +1182.8%
Gross Margin 1.28% -90.8%
EBITDA Margin -94.23% -280.0%
Operating Margin -105.01% -237.8%
Net Margin 280.98% +2323.9%
ROE 65.53% +993.4%
ROIC -50.15% -213.1%
Debt/Equity 0.01 -92.0%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Good 3Y average ROE of 19.2%
✓Healthy 5Y average net margin of 52.7%
✓Trading at only 0.5x book value

✗Weaknesses

✗Negative free cash flow
✗Sales declining 20.5% over 5 years
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-10.56%

5Y-20.48%

3Y-36.45%

TTM-54.99%

Profit (Net Income) CAGR

10Y-

5Y-

3Y258.78%

TTM-119.9%

EPS CAGR

10Y-

5Y-

3Y421.81%

TTM-126.17%

ROCE

10Y Avg-18.42%

5Y Avg-10.41%

3Y Avg-13.57%

Latest-23.55%

Peer Comparison

Specialty Label & Industrial Printers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
INVEIdentiv, Inc.	81.48M	3.43	1.09	-38.71%	-66.49%	-10.19%		0.01
ALOTAstroNova, Inc.	73.02M	9.56	-4.95	2.16%	-11.2%	-21.9%	5.04%	0.64

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	60.79M	56.17M	60.22M	78.14M	83.75M	86.92M	103.77M	112.92M	43.45M	26.63M
Revenue Growth %	-0.25%	-0.08%	0.07%	0.3%	0.07%	0.04%	0.19%	0.09%	-0.62%	-0.39%
Cost of Goods Sold+	37.65M	32.44M	38.06M	44.81M	47.1M	53.24M	66.7M	71.97M	37.44M	26.29M
COGS % of Revenue	0.62%	0.58%	0.63%	0.57%	0.56%	0.61%	0.64%	0.64%	0.86%	0.99%
Gross Profit+	23.15M	23.73M	22.16M	33.33M	36.65M	33.68M	37.07M	40.94M	6.01M	340K
Gross Margin %	0.38%	0.42%	0.37%	0.43%	0.44%	0.39%	0.36%	0.36%	0.14%	0.01%
Gross Profit Growth %	-0.31%	0.03%	-0.07%	0.5%	0.1%	-0.08%	0.1%	0.1%	-0.85%	-0.94%
Operating Expenses+	48.99M	31.86M	26.84M	34.45M	36.76M	37.13M	38.41M	41.28M	19.52M	28.3M
OpEx % of Revenue	0.81%	0.57%	0.45%	0.44%	0.44%	0.43%	0.37%	0.37%	0.45%	1.06%
Selling, General & Admin	39.84M	25.34M	20.69M	27.21M	27.58M	25.89M	28.92M	31.16M	14.96M	23.87M
SG&A % of Revenue	0.66%	0.45%	0.34%	0.35%	0.33%	0.3%	0.28%	0.28%	0.34%	0.9%
Research & Development	9.15M	6.52M	6.15M	7.24M	8.62M	9.78M	8.67M	9.92M	4.4M	3.89M
R&D % of Revenue	0.15%	0.12%	0.1%	0.09%	0.1%	0.11%	0.08%	0.09%	0.1%	0.15%
Other Operating Expenses	0	0	0	0	564K	1.46M	817K	202K	157K	540K
Operating Income+	-35.88M	-11.22M	-4.63M	-1.86M	-109K	-3.45M	-1.35M	-333K	-13.51M	-27.96M
Operating Margin %	-0.59%	-0.2%	-0.08%	-0.02%	-0%	-0.04%	-0.01%	-0%	-0.31%	-1.05%
Operating Income Growth %	-1.67%	0.69%	0.59%	0.6%	0.94%	-30.63%	0.61%	0.75%	-39.56%	-1.07%
EBITDA+	-32.73M	-8.05M	-1.88M	1.3M	3.47M	-135K	624K	1.94M	-10.77M	-25.09M
EBITDA Margin %	-0.54%	-0.14%	-0.03%	0.02%	0.04%	-0%	0.01%	0.02%	-0.25%	-0.94%
EBITDA Growth %	-2.14%	0.75%	0.77%	1.69%	1.67%	-1.04%	5.62%	2.11%	-6.56%	-1.33%
D&A (Non-Cash Add-back)	3.15M	3.17M	2.75M	3.17M	3.58M	3.31M	1.97M	2.27M	2.73M	2.87M
EBIT	-37.09M	-11.19M	-5.78M	-3.03M	92K	-3.57M	2.13M	-148K	-13.38M	-27.42M
Net Interest Income+	-1.91M	-2.38M	-2.59M	-1.52M	-917K	-1.46M	-483K	-143K	-427K	1.35M
Interest Income	0	0	0	0	0	0	0	0	0	1.35M
Interest Expense	1.91M	2.38M	2.59M	1.52M	917K	1.46M	483K	143K	427K	0
Other Income/Expense	-3.12M	-2.35M	-3.74M	-2.68M	-716K	-1.58M	3M	42K	-305K	2.14M
Pretax Income+	-39M	-13.57M	-8.37M	-4.55M	-825K	-5.03M	1.65M	-291K	-13.81M	-25.82M
Pretax Margin %	-0.64%	-0.24%	-0.14%	-0.06%	-0.01%	-0.06%	0.02%	-0%	-0.32%	-0.97%
Income Tax+	222K	132K	-214K	155K	326K	73K	28K	101K	65K	90K
Effective Tax Rate %	1%	1.01%	0.97%	1.04%	1.4%	1.01%	0.98%	1.35%	0.4%	-2.9%
Net Income+	-39.14M	-13.7M	-8.14M	-4.71M	-1.15M	-5.11M	1.62M	-392K	-5.49M	74.82M
Net Margin %	-0.64%	-0.24%	-0.14%	-0.06%	-0.01%	-0.06%	0.02%	-0%	-0.13%	2.81%
Net Income Growth %	-1.2%	0.65%	0.41%	0.42%	0.76%	-3.44%	1.32%	-1.24%	-13%	14.63%
Net Income (Continuing)	-39.22M	-13.7M	-8.15M	-4.7M	-1.15M	-5.11M	1.62M	-392K	-13.88M	-25.91M
Discontinued Operations	0	0	0	0	0	0	0	0	8.39M	100.73M
Minority Interest	-156K	-180K	-178K	-170K	0	0	0	0	0	0
EPS (Diluted)+	-3.62	-1.25	-0.61	-0.30	-0.07	-0.34	0.02	-0.07	-0.29	3.14
EPS Growth %	-0.76%	0.65%	0.51%	0.51%	0.77%	-4.01%	1.06%	-4.19%	-3.11%	11.83%
EPS (Basic)	-3.62	-1.25	-0.61	-0.30	-0.07	-0.34	0.02	-0.07	-0.29	3.14
Diluted Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	21.34M	22.66M	23.07M	23.58M
Basic Shares Outstanding	10.81M	10.92M	13.27M	15.65M	16.98M	17.98M	21.34M	22.66M	23.07M	23.58M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	41.27M	31.65M	44.24M	42.19M	46.18M	53.45M	72.73M	75.1M	79.49M	152.84M
Cash & Short-Term Investments	16.67M	9.12M	19.05M	10.87M	9.38M	11.41M	28.55M	16.65M	23.31M	135.65M
Cash Only	16.67M	9.12M	19.05M	10.87M	9.38M	11.41M	28.55M	16.65M	23.31M	135.65M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	7.92M	9.43M	12.28M	14.95M	18.36M	18.93M	19.96M	24.83M	7.17M	4.21M
Days Sales Outstanding	47.52	61.28	74.44	69.84	80.03	79.48	70.22	80.25	60.27	57.76
Inventory	14.73M	11.6M	11.13M	13.63M	16.14M	20.3M	19.92M	28.96M	12.65M	7.47M
Days Inventory Outstanding	142.78	130.48	106.7	111.03	125.11	139.15	109.03	146.86	123.33	103.79
Other Current Assets	0	1.51M	1.78M	2.74M	2.29M	0	1.25M	487K	34.18M	300K
Total Non-Current Assets+	12.62M	8.95M	7.12M	24.11M	28.14M	25.23M	23.94M	27.67M	33.47M	10.38M
Property, Plant & Equipment	4.22M	2.42M	2.04M	2.62M	6.67M	6.23M	6.15M	11.09M	14.53M	9.69M
Fixed Asset Turnover	14.41x	23.25x	29.48x	29.78x	12.56x	13.95x	16.86x	10.18x	2.99x	2.75x
Goodwill	0	0	0	9.29M	10.24M	10.27M	10.27M	10.19M	10.22M	0
Intangible Assets	7.28M	5.82M	4.37M	10.98M	10.1M	7.56M	6.45M	5.26M	4.25M	0
Long-Term Investments	300K	300K	300K	300K	348K	348K	348K	348K	348K	348K
Other Non-Current Assets	1.13M	712K	-1.48M	1.22M	1.12M	-2.16M	722K	772K	886K	338K
Total Assets+	53.9M	40.6M	51.36M	66.31M	74.32M	78.68M	96.66M	102.77M	112.95M	163.22M
Asset Turnover	1.13x	1.38x	1.17x	1.18x	1.13x	1.10x	1.07x	1.10x	0.38x	0.16x
Asset Growth %	-0.37%	-0.25%	0.27%	0.29%	0.12%	0.06%	0.23%	0.06%	0.1%	0.45%
Total Current Liabilities+	16.22M	22.57M	21.2M	29.48M	34.48M	41.57M	20.85M	23.39M	30.78M	7.96M
Accounts Payable	6.28M	6.02M	5.86M	5.65M	8.8M	10.96M	10.5M	15.23M	5.45M	2.75M
Days Payables Outstanding	60.89	67.78	56.23	46.05	68.19	75.17	57.47	77.24	53.09	38.13
Short-Term Debt	0	8.12M	9.83M	2M	14.19M	20.08M	0	0	9.95M	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	0	0	1000K	0
Other Current Liabilities	2.59M	2.31M	-6.92M	17.86M	5.81M	4.28M	2.82M	2.41M	9.83M	1.39M
Current Ratio	2.55x	1.40x	2.09x	1.43x	1.34x	1.29x	3.49x	3.21x	2.58x	19.20x
Quick Ratio	1.64x	0.89x	1.56x	0.97x	0.87x	0.80x	2.53x	1.97x	2.17x	18.26x
Cash Conversion Cycle	129.41	123.98	124.92	134.82	136.95	143.46	121.78	149.87	130.51	123.42
Total Non-Current Liabilities+	23.49M	14.1M	6.3M	3.13M	4.38M	2.92M	1.3M	3.98M	7.9M	1.2M
Long-Term Debt	22.53M	0	5.92M	1.86M	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	3.01M	2.27M	938K	3.37M	1.51M	1.17M
Deferred Tax Liabilities	0	0	1.9M	-1.86M	0	0	0	0	3.23M	0
Other Non-Current Liabilities	508K	14.1M	385K	632K	364K	258K	365K	612K	2.23M	29K
Total Liabilities	39.71M	36.67M	27.51M	32.61M	38.85M	44.49M	22.15M	27.37M	38.68M	9.16M
Total Debt+	18.1M	9.78M	2.92M	2M	19.02M	23.64M	2.21M	4.56M	12.24M	2.02M
Net Debt	1.44M	663K	-16.13M	-8.87M	9.63M	12.23M	-26.35M	-12.09M	-11.07M	-133.63M
Debt / Equity	1.29x	2.61x	0.12x	0.06x	0.54x	0.69x	0.03x	0.06x	0.16x	0.01x
Debt / EBITDA	-	-	-	1.54x	5.47x	-	3.54x	2.35x	-	-
Net Debt / EBITDA	-	-	-	-6.81x	2.77x	-	-42.22x	-6.24x	-	-
Interest Coverage	-18.80x	-4.72x	-1.79x	-1.23x	-0.12x	-2.36x	-2.79x	-2.33x	-31.63x	-
Total Equity+	14.03M	3.75M	23.68M	33.53M	35.47M	34.19M	74.51M	75.39M	74.27M	154.07M
Equity Growth %	-0.71%	-0.73%	5.31%	0.42%	0.06%	-0.04%	1.18%	0.01%	-0.01%	1.07%
Book Value per Share	1.30	0.34	1.78	2.14	2.09	1.90	3.49	3.33	3.22	6.53
Total Shareholders' Equity	14.19M	3.93M	23.85M	33.7M	35.47M	34.19M	74.51M	75.39M	74.27M	154.07M
Common Stock	11K	11K	15K	17K	18K	19K	24K	24K	25K	26K
Retained Earnings	-377.81M	-391.51M	-399.65M	-404.35M	-405.5M	-410.61M	-408.99M	-409.38M	-414.87M	-340.05M
Treasury Stock	-6.49M	-6.71M	-7.49M	-8.15M	-9.04M	-9.93M	-11.13M	-12.17M	-12.97M	-16.49M
Accumulated OCI	2.23M	2.05M	2.67M	2.21M	2.02M	2.58M	1.95M	1.1M	1.33M	1.1M
Minority Interest	-156K	-180K	-178K	-170K	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-23M	-6.22M	-7.83M	-5.2M	427K	-1.77M	1.23M	-7.81M	1.16M	-15.43M
Operating CF Margin %	-0.38%	-0.11%	-0.13%	-0.07%	0.01%	-0.02%	0.01%	-0.07%	0.03%	-0.58%
Operating CF Growth %	-0.96%	0.73%	-0.26%	0.34%	1.08%	-5.14%	1.7%	-7.36%	1.15%	-14.34%
Net Income	-39.22M	-13.7M	-8.15M	-4.7M	-1.15M	-5.11M	1.62M	-392K	-5.49M	74.82M
Depreciation & Amortization	3.15M	3.17M	2.75M	3.17M	3.58M	3.31M	1.97M	2.27M	2.73M	2.87M
Stock-Based Compensation	4.67M	2.84M	2.48M	2.65M	2.65M	3.03M	2.61M	3.16M	3.97M	8.73M
Deferred Taxes	8.79M	331K	788K	1.37M	0	1.29M	0	0	0	0
Other Non-Cash Items	944K	1.21M	1.11M	566K	105K	375K	-563K	38K	-89K	-102.49M
Working Capital Changes	-1.33M	-67K	-6.81M	-8.24M	-4.76M	-4.67M	-4.41M	-12.89M	32K	638K
Change in Receivables	5.45M	-1.44M	-2.79M	-68K	-2.75M	-591K	-3.57M	-5.05M	2.89M	6.16M
Change in Inventory	-5.86M	3.29M	484K	-959K	-2.28M	-4.11M	389K	-9.33M	219K	4.48M
Change in Payables	-1.89M	-191K	-222K	-1.82M	2.76M	2.46M	-441K	4.07M	-2.53M	-5.32M
Cash from Investing+	-341K	-549K	-967K	-3.37M	-1.48M	-1.56M	-1.48M	-3.87M	-4.15M	141.49M
Capital Expenditures	-341K	-549K	-967K	-1.35M	-289K	-1.56M	-2.09M	-3.9M	-4.28M	-1.49M
CapEx % of Revenue	0.01%	0.01%	0.02%	0.02%	0%	0.02%	0.02%	0.03%	0.1%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	2.13M	-221K	18.08M	808K	-227K	4.85M	19.34M	-1.04M	10.07M	-13.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	-833K	-1.04M	-1.09M	0	0	-1.27M	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	46K	0	-777K	-655K	152K	204K	-902K	-1.04M	470K	-1.64M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-23.34M	-6.77M	-8.8M	-6.54M	138K	-3.33M	-859K	-11.71M	-3.13M	-16.93M
FCF Margin %	-0.38%	-0.12%	-0.15%	-0.08%	0%	-0.04%	-0.01%	-0.1%	-0.07%	-0.64%
FCF Growth %	-0.79%	0.71%	-0.3%	0.26%	1.02%	-25.13%	0.74%	-12.63%	0.73%	-4.41%
FCF per Share	-2.16	-0.62	-0.66	-0.42	0.01	-0.19	-0.04	-0.52	-0.14	-0.72
FCF Conversion (FCF/Net Income)	0.59x	0.45x	0.96x	1.10x	-0.37x	0.35x	0.76x	19.92x	-0.21x	-0.21x
Interest Paid	1.4M	1.61M	2.66M	1.79M	857K	945K	340K	6K	451K	324K
Taxes Paid	104K	167K	140K	179K	220K	112K	74K	88K	123K	4.18M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-126.4%	-153.99%	-59.34%	-16.46%	-3.34%	-14.66%	2.98%	-0.52%	-7.33%	65.53%
Return on Invested Capital (ROIC)	-132.01%	-84.63%	-58.07%	-8.69%	-0.23%	-5.65%	-2.14%	-0.45%	-16.01%	-50.15%
Gross Margin	38.08%	42.25%	36.8%	42.66%	43.76%	38.75%	35.72%	36.26%	13.83%	1.28%
Net Margin	-64.39%	-24.38%	-13.51%	-6.02%	-1.37%	-5.87%	1.56%	-0.35%	-12.63%	280.98%
Debt / Equity	1.29x	2.61x	0.12x	0.06x	0.54x	0.69x	0.03x	0.06x	0.16x	0.01x
Interest Coverage	-18.80x	-4.72x	-1.79x	-1.23x	-0.12x	-2.36x	-2.79x	-2.33x	-31.63x	-
FCF Conversion	0.59x	0.45x	0.96x	1.10x	-0.37x	0.35x	0.76x	19.92x	-0.21x	-0.21x
Revenue Growth	-25.18%	-7.61%	7.21%	29.76%	7.18%	3.78%	19.38%	8.81%	-61.52%	-38.71%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Identity	-	-	-	-	-	52.74M	64.72M	67.42M	68.12M	-
Identity Growth	-	-	-	-	-	-	22.72%	4.17%	1.03%	-
Physical Access Control Systems	-	-	-	-	-	34.18M	39.04M	45.49M	48.27M	-
Physical Access Control Systems Growth	-	-	-	-	-	-	14.24%	16.52%	6.10%	-
Physical Access And Identity Control Readers	-	-	-	21.68M	25.16M	-	-	-	-	-
Physical Access And Identity Control Readers Growth	-	-	-	-	16.03%	-	-	-	-	-
Controller Panels	10.27M	14.91M	14.64M	14.51M	16.46M	-	-	-	-	-
Controller Panels Growth	-	45.13%	-1.82%	-0.87%	13.45%	-	-	-	-	-
Tags And Transponders	20.31M	10.89M	13.09M	12.95M	15.38M	-	-	-	-	-
Tags And Transponders Growth	-	-46.38%	20.19%	-1.04%	18.71%	-	-	-	-	-
Access Cards And Provisioning	7.39M	7.11M	8.4M	14.24M	10.96M	-	-	-	-	-
Access Cards And Provisioning Growth	-	-3.90%	18.15%	69.57%	-23.00%	-	-	-	-	-
Services	-	-	3.82M	6.15M	7.4M	-	-	-	-	-
Services Growth	-	-	-	61.22%	20.32%	-	-	-	-	-
Video Technology And Analytics	-	-	-	6.29M	6.13M	-	-	-	-	-
Video Technology And Analytics Growth	-	-	-	-	-2.62%	-	-	-	-	-
Software	-	-	666K	1.11M	1.62M	-	-	-	-	-
Software Growth	-	-	-	67.12%	45.46%	-	-	-	-	-
Third Party Access Control Products	1.52M	1.65M	1.01M	1.21M	652K	-	-	-	-	-
Third Party Access Control Products Growth	-	8.01%	-38.36%	18.84%	-45.89%	-	-	-	-	-
Logical And Physical Access Control Readers	17.16M	17.67M	18.6M	-	-	-	-	-	-	-
Logical And Physical Access Control Readers Growth	-	2.95%	5.26%	-	-	-	-	-	-	-
Other Product	4.13M	3.95M	-	-	-	-	-	-	-	-
Other Product Growth	-	-4.41%	-	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Americas	40.85M	38.13M	40.02M	-	-	-	-	-	84.51M	12.02M
Americas Growth	-	-6.64%	4.94%	-	-	-	-	-	-	-85.77%
Europe And Middle East	9.47M	8.59M	7.89M	-	-	-	-	-	17.88M	7.59M
Europe And Middle East Growth	-	-9.32%	-8.17%	-	-	-	-	-	-	-57.54%
Asia Pacific	10.47M	9.44M	12.31M	-	-	-	-	-	13.99M	7.01M
Asia Pacific Growth	-	-9.83%	30.39%	-	-	-	-	-	-	-49.86%
U S	40.85M	-	-	-	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Identiv, Inc. (INVE) has a price-to-earnings (P/E) ratio of 1.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Identiv, Inc. (INVE) reported $22.0M in revenue for fiscal year 2024. This represents a 79% decrease from $102.7M in 2011.

Identiv, Inc. (INVE) saw revenue decline by 38.7% over the past year.

Identiv, Inc. (INVE) reported a net loss of $14.6M for fiscal year 2024.

Dividend & Returns

Identiv, Inc. (INVE) has a return on equity (ROE) of 65.5%. This is excellent, indicating efficient use of shareholder capital.

Identiv, Inc. (INVE) had negative free cash flow of $17.2M in fiscal year 2024, likely due to heavy capital investments.