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Identiv, Inc. (INVE) CEO Steve Humphreys on Q2 2021 Results - Earnings Call Transcript

Aug. 03, 2021 10:36 PM ETIdentiv, Inc. (INVE) Stock
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Identiv, Inc. (NASDAQ:INVE) Q2 2021 Results Conference Call August 3, 2021 5:00 PM ET

Company Participants

Steve Humphreys - Chief Executive Officer

Sandra Wallach - Chief Financial Officer

Manfred Mueller - Chief Operating Officer and General Manager, Identity

Conference Call Participants

Craig Ellis - B. Riley FBR

Jaeson Schmidt - Lake Street Capital Markets

Michael Latimore - Northland Capital Markets


Good afternoon. Welcome to Identiv’s Presentation of its second quarter 2021 earnings call. My name is John, and I will be your operator this afternoon.

Joining us for today’s presentation are the Company’s CEO, Steve Humphreys; and CFO, Sandra Wallach. Following Management’s remarks, we will open the call for questions. Before we begin, please note that during this call, management may be making references to non-GAAP measures or projections, including adjusted EBITDA and free cash flow.

In addition, during this call, management will be making Forward-Looking Statements. Any statements that refer to expectations, projections or other characteristics of future events, including financial projections and future market conditions is a forward-looking statement. Actual results may differ materially from those expressed in these forward-looking statements.

For more information, please refer to the risk factors discussed in documents filed from time-to-time with the SEC, including the company’s latest annual report on Form 10-K. Identiv assumes no obligation to update these forward-looking statements, which speak as of today.

I will now turn the call over to CEO, Steve Humphreys for his comments. Sir, please proceed.

Steve Humphreys

Thanks, operator, and thank you all for joining us. In the second quarter, our momentum continued to grow, especially in our RFID business. Overall, our revenues grew 26% year-over-year, acceleration of growth over the 22% we saw in the first quarter. Our Identity business continues to be the strongest growth drive growing 27% overall led by 39% growth in RFID.

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