- Identive press release (NASDAQ:INVE): Q2 GAAP EPS of -$0.27 misses by $0.08.
- Revenue of $24.3M (-17.9% Y/Y) beats by $0.3M.
- Shares -2.23% AH.
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Financial Outlook
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Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. For fiscal Q3 2024, management currently expects revenue from continuing operations to be in the range of $5.8 million to $6.1 million. If the asset sale transaction has not closed by the end of the third quarter of 2024 as anticipated, then management expects total revenue from continuing operations and revenue included in discontinued operations to be in the range of $24 million to $26 million, vs. $22.87M consensus
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