Identiv Sees FY19 EPS $0.00-$0.01 vs $0.00 Est., Cuts Sales Guidance From $93M-$95M To $88M-$90M vs $92.39M Est.; Sees FY20 EPS $0.20-$0.31 vs $0.17 Est., Sales $100M-$104M vs $104.74M Est.

Financial Outlook For the fiscal year ending December 31, 2019, the Company now expects revenue of $88 million to $90 million (previously $92 million to $95 million), representing an increase of 14% at the midpoint

Benzinga · 11/07/2019 21:22

Financial Outlook

For the fiscal year ending December 31, 2019, the Company now expects revenue of $88 million to $90 million (previously $92 million to $95 million), representing an increase of 14% at the midpoint compared to fiscal 2018. The Company has increased the midpoint of its adjusted EBITDA guidance to $8.5 million and $9.0 million (previously $7.0 million to $9.0 million) and increased its net income attributable to Identiv, Inc. guidance to $1.0 million to $1.2 million (previously a loss of $0.5 million to a gain of $1.0 million) and earnings per basic share of $0.00 to $0.01.

The Company also introduced guidance for fiscal 2020, ending December 31, 2020. The Company expects growth in the mid-teens (14-16%), resulting in expected revenue of $100 million to $104 million, non-GAAP adjusted EBITDA of $12 million to $14 million, net income attributable to Identiv, Inc. of $4.5 million to $6.5 million and earnings per basic share of $0.20 to $0.31.