INVE Technologies, Inc. Reports Third Quarter 2026 Financial Results

Résumé détaillé

Focused on Providing Physical AI Solutions Through Targeted Acquisitions of Enterprise SaaS Companies Signed Strategic Partnership Agreement with Trackonomy SANTA ANA, Calif.,…

Focused on Providing Physical AI Solutions Through Targeted Acquisitions of Enterprise SaaS Companies

SANTA ANA, Calif., Nov. 12, 2026 /PRNewswire/ -- INVE Technologies, Inc. (NASDAQ: INVE) today released its financial results for the third quarter ended September 30, 2026.

Financial Results for Fiscal Third Quarter 2026Revenue for the third quarter of 2026 was $3.1 million, compared to $5.0 million in the third quarter of 2025. The year-over-year decrease was due to lower unit sales of RFID transponder products and the IoT business divestiture to Trackonomy during Q3. Net revenue for the third quarter of 2026 reflects only activity through September 15, 2026, the closing date of the asset sale transaction, and therefore is not comparable to the full prior-year period.

Third quarter 2026 GAAP gross margin was 18.3% and non-GAAP gross margin was 31.6%, compared to third quarter 2025 GAAP gross margin of 10.7% and non-GAAP gross margin of 19.1%. The year-over-year improvement was primarily driven by continued cost savings and efficiencies resulting from the transition of production to the Thailand facility, higher utilization at the Thailand facility, and the non-recurrence of prior-year inventory obsolescence charges.

GAAP operating expenses, including research and development, selling and marketing, general and administrative, and restructuring and severance, were $8.8 million in the third quarter of 2026, compared to $6.1 million in the third quarter of 2025. The year-over-year increase in GAAP operating expenses was primarily driven by an increase in costs associated with the asset sale transaction. Non-GAAP operating expenses were $4.0 million in the third quarter of 2026, compared to $4.5 million in the third quarter of 2025. The year-over-year decrease in non-GAAP operating expenses reflects management's disciplined cost control.

Third quarter 2026 GAAP net income was $0.6 million, or $0.02 per basic and diluted share, compared to GAAP net loss of $3.5 million, or…

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