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News Breaks
October 3, 2012
09:15 EDTINVECornelius Boersch discloses 950K Identive Group share purchase
Cornelius Boersch disclosed last night the purchase of 950K Identive Group shares on September 27 at a price of 80c.
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February 2, 2016
17:17 EDTINVEIdentiv to reduce 25% of non-manufacturing employee base
Identiv announced expense reduction actions and organizational changes. The Company also announced the departure of certain executive officers, and preliminary revenue results for FY15. The Company has implemented operating expense reductions and organizational re-alignment to bring its cost structure into line with its current revenue performance. For the FY15, the Company expects to report revenue between $61.0M-$61.5M, compared to previously provided revenue guidance in the range of $62.0M-$64.0M. The Company has implemented a worldwide restructuring plan to refocus its resources on the core business segments of physical access and transponders, and has embarked on the consolidation of operations in several worldwide locations. The plan includes a reduction of approximately 25% of Identiv's non-manufacturing employee base. It also strengthens core business segments by reallocating overhead roles into direct business activities and eliminating several management and executive roles, including the position of president. As a result, the Company expects to bring its quarterly operating expense run rate below $6M starting in the Q2 and to achieve positive adjusted EBITDA in the second half of 2016. This estimate excludes certain professional fees associated with non-core business activities. A non-operating charge associated with the restructuring plan will be recorded in the Q1. Identiv will provide additional details when it reports its financial results for the Q4 and FY15.
17:15 EDTINVEIdentiv lowers FY15 revenue view to $61.0M-$61.5M from $62.0M-$64.0M
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January 27, 2016
16:46 EDTINVEIdentiv says NASDAQ grants listing request with qualifications
Identiv announced that on January 26, the company was notified that the NASDAQ listing qualifications panel had granted the company's request to remain listed on the NASDAQ capital market, subject to the company becoming current in its periodic filings with the SEC by March 30, and holding its annual shareholder meeting for fiscal years 2014 and 2015 on or before May 12.

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