Identiv, Inc. releases its financial results for the second quarter ended June 30, 2025.

Revenue for the second quarter of 2025 was $5 million, compared to $6.7 million in the second quarter of 2024. This year-over-year decrease was as expected and due to lower sales as Identiv continues to exit lower-margin business. The company also reduced sales to urs largest customer, who is working through safety stock they built up in 2024 in anticipation of transitioning production to Thailand.

“In the second quarter, we made important progress across all three pillars of our Perform-Accelerate-Transform (P-A-T) strategy” the company notes. “We believe our customers clearly see the value Identiv provides, and the long-term secular trends driving demand for RFID and BLE-enabled solutions remain solid.

“By reinforcing our core strengths, expanding through new strategic partnerships like IFCO, developing innovative solutions for BLE applications, and working through our Transform process, we believe we can create value for all our stakeholders.”

GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were $5.9 million in the second quarter of 2025, compared to $7.3 million in the second quarter of 2024.

The decrease in GAAP operating expenses was driven primarily by a reduction in one-time strategic review-related costs.

Second quarter 2025 GAAP net loss from continuing operations was $6 million, or $0.26 per basic and diluted share, compared to GAAP net loss from continuing operations of $6.9 million, or $0.31 per basic and diluted share, in the second quarter of 2024.

This reduction was primarily due to strategic review-related costs associated with the physical security asset sale of $1.6 million incurred in the second quarter of 2024 that did not recur in the second quarter of 2025.

Effective August 4, 2025, the company’s board of directors appointed Ed Kirnbauer as CFO.  Kirnbauer has served as the company’s global corporate controller since November 2015 and was appointed acting CFO effective July 11, 2025.

Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. For the third quarter of fiscal 2025, management currently expects net revenue to be in the range of $4.8 million to $5.2 million.