Yahoo Finance Identiv First Quarter 2024 Earnings: Misses Expectations
Identiv (NASDAQ:INVE) First Quarter 2024 Results
Key Financial Results
Revenue: US$22.5m (down 14% from 1Q 2023).
Net loss: US$4.56m (loss widened by 50% from 1Q 2023).
US$0.20 loss per share (further deteriorated from US$0.13 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Identiv Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 37%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are down 11% from a week ago.
Risk Analysis
We should say that we've discovered 2 warning signs for Identiv that you should be aware of before investing here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
