Identiv Inc. (NASDAQ: INVE) reported fourth quarter 2025 revenue of $6.2 million, exceeding its guidance, and announced signing an exclusive multi-year supply agreement for specialized Bluetooth Low Energy smart labels.

The company's fourth quarter revenue of $6.2 million compared to $6.7 million in the same period of 2024. The year-over-year decrease reflected the company's exit from lower-margin business not transferred to its Thailand manufacturing facility.

Fourth quarter 2025 GAAP gross margin improved to 18.1% from negative 14.9% in the prior year period. Non-GAAP gross margin reached 25.6% compared to negative 5.2% in fourth quarter 2024. The improvement stemmed from reduced direct labor and manufacturing overhead costs following the production transition to Thailand.

GAAP net loss from continuing operations narrowed to $3.7 million, or $0.16 per share, from $4.3 million, or $0.19 per share, in the fourth quarter of 2024. Non-GAAP adjusted EBITDA loss improved to $2.5 million from $4.5 million in the comparable period.

For fiscal year 2025, revenue totaled $21.5 million compared to $26.6 million in 2024. Annual GAAP gross margin expanded to 6.1% from 1.3% in the prior year, while non-GAAP gross margin increased to 14.3% from 8.0%.

The company completed its two-year manufacturing transition to Thailand during 2025, closing its Singapore facility. CEO Kirsten Newquist stated the transition "structurally reduced our cost profile and significantly increased efficiency."

Identiv signed an exclusive multi-year agreement to serve as the sole supplier for specialized, next-generation BLE smart labels, representing advancement in its Bluetooth Low Energy strategy.

For the first quarter of fiscal 2026, management expects net revenue between $6.7 million and $7.2 million. The company focuses on scaling production for high-volume specialized BLE smart labels and expanding its customer base in the IoT market.