Identiv, Inc. (NASDAQ:INVE) is expected to report third quarter earnings results, after market close, on Tuesday 10th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter revenue of $ 24.39 million.
Looking ahead, the full year loss are expected at $ 0.27 per share on the revenues of $ 87.16 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 86.00 million ~ $ 90.00 million, where as bottomline are predicted in a range of $ 0.06 ~ $ 0.12 per share
Click Here For More Historical Outlooks Of Identiv, Inc.
Previous Quarter Performance
Identiv, Inc. posted loss for the second quarter of $ 0.10 per share, from the revenue of $ 19.11 million. The quarterly revenues fell 14.07 percent compared with the same quarter last year. Wall street analysts are predicting, INVE to report 2Q20 loss of $ 0.09 per share from revenue of $ 18.79 million. The bottom line results missed street analysts by $ 0.01 or 11.11 percent, at the same time, top line results outshined analysts by $ 0.32 million or 1.70 percent.
Stock Performance
Shares of Identiv, Inc. traded low $ -0.03 or -0.45 percent on Monday, reaching $ 6.70 with volume of 70.70 thousand shares. Identiv, Inc. has traded high as $ 6.91 and has cracked $ 6.68 on the downward trend
According to the previous trading day, closing price of $ 6.70, representing a 218.96 % increase from the 52 week low of $ 2.11 and a 8.81 % decrease over the 52 week high of $ 7.38.
The company has a market capital of $ 119.88 million and is part of the Technology sector and Computer Systems industry.
Conference Call
Identiv, Inc. will be hosting a conference call at 5:00 PM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.identiv.com
Identiv, Inc. operates as a security technology company that secures data, physical places, and things worldwide. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and access management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle.
