Identiv, Inc. (INVE) announced Loss for its first quarter that increased from last year and missed the Street estimates.
The company's earnings came in at -$4.56 million, or -$0.21 per share. This compares with -$2.72 million, or -$0.13 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.13 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 13.5% to $22.49 million from $26.00 million last year.
Identiv, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$4.56 Mln. vs. -$2.72 Mln. last year.
-EPS (Q1): -$0.21 vs. -$0.13 last year.
-Revenue (Q1): $22.49 Mln vs. $26.00 Mln last year.
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