Identiv Inc

For the period ended Dec 31, 2023. Filed Mar 15, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 15, 2024

INVE$2.66+0.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Income (Loss)

(In thousands, except per share data)

	Year Ended December 31,
	2023	2022	2021
Net revenue	$116,383	$112,915	$103,769
Cost of revenue	74,219	71,971	66,702
Gross profit	42,164	40,944	37,067
Operating expenses:
Research and development	11,590	9,916	8,673
Selling and marketing	22,555	20,730	17,033
General and administrative	12,360	10,429	11,891
Restructuring and severance	714	202	817
Total operating expenses	47,219	41,277	38,414
Loss from operations	(5,055)	(333)	(1,347)
Non-operating income (expense):
Interest expense, net	(427)	(143)	(483)
Gain on forgiveness of Paycheck Protection Program note	—	—	2,946
Gain on investment	132	30	611
Foreign currency gains (losses), net	25	155	(79)
Income (loss) before income tax provision	(5,325)	(291)	1,648
Income tax provision	(164)	(101)	(28)
Net income (loss)	$(5,489)	$(392)	$1,620
Other comprehensive income (loss):
Foreign currency translation adjustment, net of tax	228	(848)	(629)
Comprehensive income (loss)	$(5,261)	$(1,240)	$991
Net income (loss) per common share:
Basic	$(0.29)	$(0.07)	$0.02
Diluted	$(0.29)	$(0.07)	$0.02
Weighted average shares used in computing net income (loss) per common share:
Basic	23,068	22,659	21,340
Diluted	23,068	22,659	22,267

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.