Identiv Group announces $20M credit agreement Identiv announced that it has entered into a $20M term loan and line-of-credit agreement through Opus Bank's Technology Banking Division. The proceeds of the transaction will be used to retire existing debt and enhance liquidity.
Identiv sees Q3 revenue $21M-$23M, consensus $21.1M Identiv announced it expects Q3 revenue $21M-$23M and expects adjusted EBITDA for the quarter to be positive. "We have seen a solid improvement in the identity market and our business. Therefore, we remain confident in our annual revenue guidance. With the recent strengthening of our balance sheet, our customers have the confidence in our ability to meet their challenges as they address the global identity crisis," said Jason Hart, Identiv CEO.