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Form 8-K

sec.gov

8-K — Identiv, Inc.

Accession: 0001193125-26-221633

Filed: 2026-05-13

Period: 2026-05-13

CIK: 0001036044

SIC: 3577 (COMPUTER PERIPHERAL EQUIPMENT, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — d122215d8k.htm (Primary)

EX-99.1 (d122215dex991.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 13, 2026

IDENTIV, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware

000-29440

77-0444317

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

1900-B Carnegie Avenue

Santa Ana, California

92705

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (949) 250-8888

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of exchange

on which registered

Common Stock, $0.001 par value per share

INVE

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

The information contained in Item 2.02 of this Current Report, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information contained in this Current Report shall not be incorporated by reference into any registration statement or other document or filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On May 13, 2026, Identiv, Inc. (the “Company”) issued a press release announcing financial results for its first quarter ended March 31, 2026. A copy of the Company’s press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

Exhibit No.

Description

99.1

Press release dated May 13, 2026 issued by Identiv, Inc.

104

Cover page Interactive data file (embedded within the inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Identiv, Inc.

May 13, 2026

By:

/s/ Edward Kirnbauer

Edward Kirnbauer

Chief Financial Officer

EX-99.1

EX-99.1

Filename: d122215dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

Identiv Reports First Quarter 2026 Financial Results, Exceeds Q1 Guidance

Perform-Accelerate-Transform Strategy Continued to Drive Momentum in Sales Growth and Execution of Strategic Development Programs

SANTA ANA, Calif., May 13, 2026 – Identiv, Inc. (NASDAQ: INVE), a global leader in RFID- and BLE-enabled

Internet of Things (IoT) solutions, today released its financial results for the first quarter of 2026.

“During the recent quarter, I am pleased to

share that we delivered results that exceeded our guidance and expectations. Our financial performance reflects strong demand from our customers at the start of the year and our ability to convert our opportunity pipeline into sales,” said

Identiv CEO Kirsten Newquist. “Our Perform-Accelerate-Transform (P-A-T) strategy continued to drive our momentum in the first quarter and positions us well as we

focus on the execution of our most important development programs.”

Financial Results for Fiscal First Quarter 2026

Revenue for the first quarter of 2026 was $7.4 million, exceeding previously announced guidance, compared to $5.3 million in the first quarter of

2025. This year-over-year increase was slightly higher than expected and included the benefit of one of Identiv’s customers ordering their full-year 2026 sales volume in Q1.

First quarter 2026 GAAP gross margin was 17.4% and non-GAAP gross margin was 23.8%, compared to first quarter 2025

GAAP gross margin of 2.5% and non-GAAP gross margin of 10.8%. The year-over-year improvement primarily reflects the continued cost savings and efficiencies achieved in Identiv’s production processes,

improved utilization at the Thailand facility, and the elimination of manufacturing production costs incurred from the Singapore operation in the first quarter of 2025.

GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were

$5.5 million in the first quarter of 2026, compared to $5.6 million in the first quarter of 2025. Non-GAAP operating expenses were $4.4 million in the first quarter of 2026, compared to

$4.5 million in the first quarter of 2025. The management of non-GAAP operating expenses reflects lower restructuring and severance expenses, partially offset by higher strategic review-related costs

incurred in the first quarter of 2026.

First quarter 2026 GAAP net loss was ($3.4) million, or ($0.15) per basic and diluted share, compared to GAAP net

loss of ($4.8) million, or ($0.21) per basic and diluted share, in the first quarter of 2025. This improvement was primarily due to higher sales in Q1 2026, increased gross margin due to the transition of manufacturing to Thailand and the impact of

charges to cost of revenue related to the write-down of obsolete inventory and a warranty claim totaling approximately $0.5 million in the first quarter of 2025.

Financial Outlook

Identiv provides guidance based on current market conditions and expectations, including macroeconomic conditions and customer demand. For the second quarter

of 2026, management currently expects net revenue to be in the range of $5.4 million to $6.0 million.

Conference Call

Identiv management will hold a conference call today, May 13, 2026, at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss the company’s first quarter 2026

financial results. A question-and-answer session will follow management’s presentation.

Toll-Free: +1 888-506-0062

International Number: +1 973-528-0011

Call ID: 528020

Webcast link: Register and Join

The teleconference replay will be available through Wednesday, May 27, 2026, by dialing +1 877-481-4010 (Toll-Free Replay Number) or +1 919-882-2331 (International Replay Number) and entering passcode 53919.

If you have any difficulty connecting with the teleconference, please contact Identiv Investor Relations at IR@identiv.com.

About Identiv

Identiv’s RFID- and BLE-enabled IoT solutions create digital identities for physical objects, enhancing global connectivity for businesses, people, and the planet. Its solutions, integrated into over 2.0 billion applications

worldwide, drive innovation across healthcare, logistics, consumer electronics, luxury goods, smart packaging, and more. For additional information, visit identiv.com | Follow us on LinkedIn @Identiv

Non-GAAP Financial Measures

This press release includes financial information that has not been prepared in accordance with accounting principles generally accepted in the United States

(GAAP), including non-GAAP adjusted EBITDA, non-GAAP gross profit, non-GAAP gross margin and

non-GAAP operating expenses. Identiv uses non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a

supplement to GAAP measures, in evaluating ongoing operational performance. Identiv believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating

ongoing operating results and trends. Non-GAAP gross profit and margin exclude stock-based compensation and amortization and depreciation. Non-GAAP adjusted EBITDA

excludes items that are included in GAAP net loss, GAAP operating expenses, and GAAP gross margin, and excludes income tax provision, interest income, net, foreign currency gains (losses), net, stock-based compensation, amortization and

depreciation, restructuring and severance, and strategic review-related costs. Non-GAAP operating expenses exclude stock-based compensation, amortization and depreciation, strategic review-related costs, and

restructuring and severance. The exclusions are detailed in the reconciliation table included in this press release. Non-GAAP financial measures should not be considered in

isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these

non-GAAP measures to their most directly comparable GAAP financial measures as detailed in this press release.

Note Regarding Forward-Looking Information

This press

release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those involving future events and future results that are based on current expectations as well as

the current beliefs and assumptions of management of Identiv and can be identified by words such as “anticipate,” “believe,” “continue,” “plan,” “will,” “intend,”

“expect,” “outlook,” and similar references to the future. Any statement that is not a historical fact is a forward-looking statement, including statements regarding Identiv’s expectations regarding its future operating

and financial outlook and performance, including second quarter 2026 guidance and outlook; Identiv’s strategy, opportunities, focus and goals; and Identiv’s expectations and beliefs regarding execution of its Perform-Accelerate-Transform

(P-A-T) strategy, including the areas of Identiv’s expected focus. Forward-looking statements are only predictions and are subject to a number of risks and

uncertainties, many of which are outside Identiv’s control, which could cause actual results to differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ

materially from those in the forward-looking statements include, but are not limited to, Identiv’s ability to continue the momentum in its business; Identiv’s ability to successfully execute its business strategy; the ability to perform

under and comply with the provisions of its multi-year supply agreement; the termination of the supply agreement; Identiv’s ability to capitalize on trends in its business and the continuation of those trends; Identiv’s ability to

satisfy customer demand and expectations; the level and timing of customer orders and changes/cancellations; the loss of customers, suppliers or partners; the success of Identiv’s products and strategic partnerships; the impact of

manufacturing difficulties or delays; the ability to continue to achieve cost and efficiency gains; Identiv’s ability to successfully enter into definitive agreements for strategic partnerships or collaborations; the impact of macroeconomic

conditions and customer demand, inflation, tariffs and increases in prices; and the other factors discussed in its periodic reports, including its Annual Report on Form 10-K for the year ended

December 31, 2025, as amended, and subsequent reports filed with the Securities and Exchange Commission. All forward-looking statements are based on information available to Identiv on the date hereof, and Identiv assumes no obligation to

update such statements.

Investor Relations Contact

IR@identiv.com

Media Contact

press@identiv.com

Identiv, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

Three Months Ended

March 31,

December 31,

March 31,

2026

2025

2025

Net revenue

$

7,413

$

6,166

$

5,269

Cost of revenue

6,122

5,051

5,137

Gross profit

1,291

1,115

132

Operating expenses:

Research and development

1,001

773

787

Selling and marketing

1,349

1,261

1,407

General and administrative

3,123

3,348

3,146

Restructuring and severance

22

442

260

Total operating expenses

5,495

5,824

5,600

Loss from operations

(4,204

)

(4,709

)

(5,468

)

Non-operating income (expense):

Interest income, net

1,047

1,182

1,212

Foreign currency gains (losses), net

(286

)

277

(530

)

Loss from operations before income tax provision

(3,443

)

(3,250

)

(4,786

)

Income tax provision

(5

)

(471

)

(3

)

Net loss

(3,448

)

(3,721

)

(4,789

)

Cumulative dividends on Series B convertible preferred stock

(211

)

(207

)

(205

)

Net loss available to common stockholders

$

(3,659

)

$

(3,928

)

$

(4,994

)

Net loss per common share:

Basic and diluted

$

(0.15

)

$

(0.16

)

$

(0.21

)

Weighted average common shares outstanding:

Basic and diluted

24,037

23,917

23,599

Identiv, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

March 31,

December 31,

2026

2025

ASSETS

Current assets:

Cash and cash equivalents

$

124,525

$

128,609

Restricted cash

300

300

Accounts receivable, net of allowances

3,212

4,070

Inventories

8,913

7,419

Prepaid expenses and other current assets

1,965

2,267

Total current assets

138,915

142,665

Property and equipment, net

7,676

7,316

Operating lease

right-of-use assets

717

841

Other assets

326

515

Total assets

$

147,634

$

151,337

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current liabilities:

Accounts payable

$

6,504

$

3,619

Operating lease liabilities

312

331

Deferred revenue

2,760

Accrued compensation and related benefits

888

776

Accrued income taxes payable

289

288

Other accrued expenses and liabilities

1,351

1,619

Total current liabilities

9,344

9,393

Long-term operating lease liabilities

418

525

Other long-term liabilities

720

718

Total liabilities

10,482

10,636

Total stockholders’ equity

137,152

140,701

Total liabilities and stockholders’ equity

$

147,634

$

151,337

Identiv, Inc.

Reconciliation of GAAP to Non-GAAP Financial Information

(in thousands)

(unaudited)

Three Months Ended

March 31,

December 31,

March 31,

2026

2025

2025

Reconciliation of GAAP gross margin to non-GAAP gross

margin

GAAP gross profit

$

1,291

$

1,115

$

132

Reconciling items included in GAAP gross profit:

Stock-based compensation

6

6

4

Amortization and depreciation

470

458

434

Total reconciling items included in GAAP gross profit

476

464

438

Non-GAAP gross profit

$

1,767

$

1,579

$

570

Non-GAAP gross margin

24

%

26

%

11

%

Reconciliation of GAAP operating expenses to non-GAAP

operating expenses

GAAP operating expenses

$

5,495

$

5,824

$

5,600

Reconciling items included in GAAP operating expenses:

Stock-based compensation

(614

)

(785

)

(792

)

Amortization and depreciation

(71

)

(56

)

(57

)

Strategic review-related costs

(367

)

(488

)

(4

)

Restructuring and severance

(22

)

(442

)

(260

)

Total reconciling items included in GAAP operating expenses

(1,074

)

(1,771

)

(1,113

)

Non-GAAP operating expenses

$

4,421

$

4,053

$

4,487

Reconciliation of GAAP net loss to non-GAAP adjusted

EBITDA

GAAP net loss

$

(3,448

)

$

(3,721

)

$

(4,789

)

Reconciling items included in GAAP net loss:

Income tax provision

5

471

3

Interest income, net

(1,047

)

(1,182

)

(1,212

)

Foreign currency gains (losses), net

286

(277

)

530

Stock-based compensation

620

791

796

Amortization and depreciation

541

514

491

Strategic review-related costs

367

488

4

Restructuring and severance

22

442

260

Total reconciling items included in GAAP net loss

794

1,247

872

Non-GAAP adjusted EBITDA

$

(2,654

)

$

(2,474

)

$

(3,917

)

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Balance Type:

na

Period Type:

duration