Identiv, Inc. (INVE) Q1 2025 Earnings Call Transcript

Identiv, Inc. (NASDAQ:INVE) Q1 2025 Earnings Conference Call May 7, 2025 5:00 PM ET

Company Participants

Kirsten Newquist - CEO
Justin Scarpulla - CFO

Conference Call Participants

Rian Bisson - Craig-Hallum
Stacy Che - B. Riley
Jaeson Schmidt - Lake Street

Operator

Good afternoon. Welcome to Identiv's presentation of its First Quarter 2025 Earnings Call. My name is Tom, and I will be your operator this afternoon. Joining us for today's presentation are the company's CEO, Kirsten Newquist; and CFO, Justin Scarpulla. 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 financial measures or guidance, including non-GAAP adjusted EBITDA, non-GAAP gross profit, non-GAAP gross margin and non-GAAP operating expenses. In addition, during the call, management will be making forward-looking statements. Any statement that refers to expectations, projections or other characteristics of future events, including future financial results, future business and market conditions and opportunities and future plans, strategies, opportunities and goals 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 as well as our first quarter 10-Q once filed. Identiv assumes no obligation to update these forward-looking statements.

I will now turn the call over to CEO, Kirsten Newquist, for her comments. Ms. Newquist, please proceed.

Kirsten Newquist

Thanks, operator. And thank you all for joining our quarter one 2025 earnings call. Strong macro trends continue to drive demand for RFID and next generation technologies like BLE despite ongoing disruption and uncertainty in the global market. More than ever, companies are benefiting from adding a digital identity to their physical products, unlocking intelligence