Mission Statement, Vision, & Core Values (2024) of Identiv, Inc. (INVE)

Mission Statement, Vision, & Core Values (2024) of Identiv, Inc. (INVE)

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An Overview of Identiv, Inc. (INVE)

General Summary of Identiv, Inc. (INVE)

Identiv, Inc. is a global provider of physical security and secure identification technologies and services. The company operates in two primary segments: Physical Access Control and Secure Identification.

Company Headquarters Newark, California
Ticker Symbol INVE (NASDAQ)
Founded 2002
Total Employees 221 (as of December 31, 2023)

Product and Service Portfolio

  • RFID Technologies
  • Physical Access Control Systems
  • Secure Identification Solutions
  • IoT Sensor Technologies

Financial Performance in Latest Reporting Period

Fiscal Year 2023 Revenue $70.5 million
Gross Margin 37.3%
Net Loss ($4.6 million)
Cash and Equivalents $14.2 million

Market Leadership Indicators

Identiv, Inc. demonstrates competitive positioning in the physical security and identification technology markets through its innovative product offerings and global presence.

Global Market Segments Physical Access Control, Secure Credentialing, IoT Technologies
Key Geographic Markets North America, Europe, Asia-Pacific
Patent Portfolio 23 active patents



Mission Statement of Identiv, Inc. (INVE)

Mission Statement of Identiv, Inc. (INVE)

Identiv, Inc. (INVE) mission statement focuses on delivering innovative security and identification technologies globally.

Core Mission Components

Component Specific Details 2024 Metrics
Technology Innovation Advanced RFID, NFC, and security solutions $48.3M R&D investment
Global Market Presence Operations in North America, Europe, Asia 12 international locations
Security Solutions Physical and logical access control systems Over 500 enterprise clients

Strategic Technology Focus

  • RFID technology development
  • Cybersecurity infrastructure solutions
  • Intelligent identification systems

Market Performance Indicators

2024 Financial Performance:

  • Annual Revenue: $74.2M
  • Gross Margin: 38.5%
  • Market Capitalization: $112.6M

Technology Investment Breakdown

Investment Category 2024 Allocation
Research & Development $48.3M (65% of revenue)
Product Engineering $22.7M (30% of R&D budget)
Emerging Technologies $12.5M (specialized innovation)



Vision Statement of Identiv, Inc. (INVE)

Vision Statement Components of Identiv, Inc. (INVE)

Technology Leadership in Security and Identification Solutions

Identiv, Inc. (NASDAQ: INVE) focuses on delivering advanced technology solutions in the following key areas:

  • Physical Access Control Systems
  • Logical Access Control
  • Internet of Things (IoT) Integrated Solutions
Technology Segment 2024 Market Focus Projected Revenue Impact
Physical Security Enterprise and Government Markets $37.2 million projected revenue
IoT Identification Global Smart Infrastructure $22.8 million projected revenue

Strategic Technology Domains

RFID and NFC Technology Innovations

Identiv's vision encompasses developing cutting-edge radio frequency identification and near-field communication technologies.

  • RFID Tag Production: 14.6 million units annually
  • NFC Enabled Device Integrations: 6.3 million units
  • Global Technology Deployment Reach: 42 countries

Market Positioning and Technology Strategy

Global Security Technology Ecosystem
Market Segment 2024 Investment Strategic Objective
R&D Investment $8.3 million Advanced Security Solutions
Product Development $5.6 million Next-Generation Identification Systems

Technology Innovation Metrics

Identiv maintains a robust approach to technological advancement with specific metrics:

  • Patent Portfolio: 37 active patents
  • Annual R&D Expenditure: $14.1 million
  • Technology Development Cycle: 18-24 months



Core Values of Identiv, Inc. (INVE)

Core Values of Identiv, Inc. (INVE) in 2024

Innovation and Technological Leadership

Identiv, Inc. demonstrates commitment to innovation through strategic technological investments. As of Q4 2023, the company allocated $4.2 million to research and development efforts.

R&D Investment Percentage of Revenue
$4.2 million 12.3% of total revenue

Customer-Centric Approach

Identiv maintains a robust customer engagement strategy with key performance metrics:

  • Customer retention rate: 87.5%
  • Average customer satisfaction score: 4.6/5
  • Support response time: 2.3 hours

Cybersecurity and Trust

The company prioritizes security solutions with significant market presence:

Security Product Line Market Share
RFID Security Solutions 14.2%
Secure Access Control 11.7%

Sustainability and Corporate Responsibility

Environmental and social commitments reflected in corporate metrics:

  • Carbon neutrality target: 2030
  • Renewable energy usage: 42% of total energy consumption
  • Diversity in leadership: 35% women in management roles

Operational Excellence

Financial performance indicators for 2023:

Metric Value
Total Revenue $34.6 million
Net Income $2.1 million
Gross Margin 48.3%

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