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Identiv, Inc. Reports Increased Losses and Falling Revenue

Identiv, Inc. announces Losses: A challenging quarter as the company reports a loss of $2.68 million and a significant drop in revenue, raising concerns for investors.

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AI Rating:   4

Identiv, Inc. Performance Overview

Identiv, Inc. reported a net loss of $2.68 million in its fourth quarter, which is an increase from the previous year's loss of $1.92 million. This indicates a deterioration in the company's financial health, prompting concerns among investors regarding the sustainability of its operations.

The Earnings Per Share (EPS) has declined as well, showing -$0.11 compared to -$0.08 last year. This increase in loss per share could negatively impact investor sentiment, particularly considering that EPS is a key metric for assessing a company's profitability.

The company's revenue also saw a drastic decline of 41.0%, dropping to $6.70 million from $11.35 million in the previous year. This significant revenue drop is alarming and suggests that Identiv is facing substantial operational challenges.

The guidance for the next quarter suggests projected revenues ranging from $4.8 million to $5.1 million, which further illustrates the company's downward trend.