Northland Capital Lowers Price Target Following Identive Group (INVE) Q1 Miss
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Identiv Reports First Quarter 2015 Results
May 13, 2015 4:10 PM EDTFREMONT, Calif., May 13, 2015 (GLOBE NEWSWIRE) -- Identiv, Inc. (Nasdaq: INVE) today announced financial results for the first quarter (Q1) of 2015. For the first quarter, total revenues were $14.9 million, GAAP gross profit margin was 41% and adjusted EBITDA was $(1.9) million.
"During the first quarter, we continued to tune and focus our business operations, which resulted in strong sales in our premises and credential product lines," said Jason Hart, CEO of Identiv. "However, despite... More
