INVE - Identive GAAP EPS of $0.00 in-line revenue of $29M misses by $0.73M
- Identive press release ( NASDAQ: INVE ): Q4 GAAP EPS of $0.00 in-line.
- Revenue of $29M (+1.7% Y/Y) misses by $0.73M .
- Fourth quarter 2022 GAAP gross margin was 36.5%; fourth quarter 2022 non-GAAP gross margin improved 376 basis points year-over-year to 37.9%.
- Exited the fourth quarter of 2022 with total backlog for all future shipments of $35.0 million, up 16% year-over-year. Backlog for shipments in Q1 2023 grew 22% year-over-year to $14.3 million.
- Premises revenue in fiscal year 2022 increased 17% year-over-year, more than double the average industry growth rate, to a record $45.5 million.
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Identive GAAP EPS of $0.00 in-line, revenue of $29M misses by $0.73M