identiv inc (INVE) Key Developments
Identiv, Inc. and Cisco Systems, Inc. to Provide Next-Generation Physical Access Solutions for the Internet of Everything
Apr 16 15
Identiv, Inc. announced that it has entered into an agreement with Cisco Systems Inc. to provide solutions for the Internet of Everything (IoE). The IoE is the intelligent connection of people, processes, data and things to the Internet, bringing unprecedented economic opportunities to both the private and public sectors. Initially, Identiv will deliver a next-generation, networked physical access control system (PACS) solution that interacts with other IoE elements, such as Cisco virtual supervisor module (VSM) cameras and Cisco voice-over-IP (VoIP) telephony products. Identiv will offer a completely network based access control system, including credentials, advanced networked uTrust TS door sensors, Power-over-Ethernet (PoE) door controllers and access control software. Identiv is committed to disrupting the traditional physical access market by offering a fully network-based solution that is easy to buy and use. Customers will gain enhanced value, lower installation costs and less complexity by using standards-based network cabling, leading to reduced total cost of ownership (TCO) and improved return on investment (ROI).
Identiv, Inc. Releases uTrust TS ScramblePad
Apr 14 15
Identiv, Inc. released the uTrust TS ScramblePad, a significant update to the company's patented scrambling keypad door reader for high-security government and commercial entryways. The TS ScramblePad modernizes its predecessor, the Hirsch ScramblePad, by adding new high-security features including support for over 1,500 credentials such as PIV, PIV-I, TWIC, CAC, FICAM E-PACS, PKI, Desfire EV1, MIFARE, PLAID, and OPACITY. Using open communication protocol standards such as Wiegand, RS-485 (OSDP), and Ethernet networking (including PoE), the TS ScramblePad offers simple migration from the previous Hirsch ScramblePads to RS-485, or Ethernet-based FICAM E-PACS compliance.
Identiv, Inc. Presents at 11th Annual West Coast Information Security and Technology Growth Conference, Apr-20-2015 12:40 PM
Apr 13 15
Identiv, Inc. Presents at 11th Annual West Coast Information Security and Technology Growth Conference, Apr-20-2015 12:40 PM. Venue: Park Central Hotel, San Francisco, California, United States. Speakers: Jason Hart, Chief Executive Officer and Director.
Identiv, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015
Mar 12 15
Identiv, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $19,382,000 against $19,539,000 a year ago. Loss from operations was $5,485,000 against $5,638,000 a year ago. Loss from continuing operations before income taxes and non-controlling interest was $6,268,000 against $5,955,000 a year ago. Loss from continuing operations before non-controlling interest were $6,214,000 against $5,746,000 a year ago. Net loss attributable to company's stockholders’ equity was $6,203,000 against $2,976,000 a year ago. Basic and diluted loss per share attributable to company's stockholders' equity from continuing operations was $0.58 against $0.88 a year ago. Net loss per basic and diluted share was $0.58 against $0.40 a year ago. Adjusted EBITDA was $157,000 against $374,000 a year ago. The decrease in revenues of 1% was primarily due to a decrease in Identity reader sales, partially offset by an increase in premises sales to the U.S. government customers.
For the year, the company reported net revenue of $81,249,000 against $74,284,000 a year ago. Loss from operations was $13,440,000 against $23,457,000 a year ago. Loss from continuing operations before income taxes and non-controlling interest was $18,329,000 against $24,916,000 a year ago. Loss from continuing operations before non-controlling interest were $18,424,000 against $24,963,000 a year ago. Net loss attributable to company's stockholders’ equity was $17,794,000 against $34,865,000 a year ago. Basic and diluted loss per share attributable to company's stockholders' equity from continuing operations was $2.12 against $3.62 a year ago. Net loss per basic and diluted share was $2.06 against $5.26 a year ago. Adjusted LBITDA was $1,283,000 against $1,282,000 a year ago. The results include a significant contribution from sales of credentials products, primarily due to demand for electronic game toys. This was offset by lower sales of identity readers.
The company is providing guidance for fiscal year 2015 of revenue between $95 million and $105 million and positive adjusted EBITDA on an annual basis.
Identiv Launches uTrust Sense and Smart Sensor, that Tracks the Temperature of Anything
Mar 10 15
Identiv, Inc. launched uTrust Sense, a range of compact, lightweight, cost-effective, physically flexible, secure, waterproof, Internet-enabled sensors. The first product is Identiv's uTrust Sense Temperature Tracker, a credit card-sized, powered smart sensor that tracks and stores temperature readings that can be read by mobile devices or uploaded to the Internet for analysis. A smart sensor for the Internet of Things (IoT) market, Identiv's uTrust Sense Temperature Tracker empowers businesses in a broad range of market segments by providing manufacturers and consumers cost-effective temperature monitoring for virtually anything. Created within Identiv Labs, an in-design platform for customers and Identiv experts to engage, the uTrust Sense Temperature Tracker contains a precise temperature sensor, digital storage, a paper-thin flexible battery, and NFC communication. The sensor can communicate with a variety of local devices, using a consumer's mobile device or industrial equipment. The current temperature status and complete logged history can be reviewed locally or uploaded to the cloud. The waterproof sensor looks like a sticker and is easily attached with an adhesive backing. It is available in multiple sizes to suit the product packaging.