Earnings Releases·Nov 12, 2026, 4:11 PM ET

INVE Technologies — Third Quarter 2026 Earnings Summary

Revenue decreased to $3.1 million in Q3 2026 from $5.0 million in Q3 2025 due to lower RFID transponder sales and the divestiture of the IoT business, while GAAP net income turned positive at $0.6 million compared to a $3.5 million loss in the prior year.
GAAP gross margin improved to 18.3% and non-GAAP gross margin rose to 31.6%, driven by cost savings from the Thailand facility transition and the non-recurrence of inventory obsolescence charges, despite GAAP operating expenses increasing to $8.8 million due to asset sale transaction costs.
The company recognized a $6.1 million gain on the IoT business sale to Trackonomy and a $1.8 million gain on the dissolution of a foreign subsidiary, resulting in a cash balance of $86.8 million and equity investments increasing to $50.2 million as of September 30, 2026.
Management is not providing financial guidance as the company currently has no commercial revenue following the IoT business sale, with future results dependent on executing a strategy to acquire enterprise-enabled intelligent software businesses and the success of the strategic partnership with Trackonomy.