Recent Updates — INVE
INVE Technologies revised its preliminary third quarter 2026 financial results, changing a previously reported net income of $0.4 million to $0.8 million into a net loss of $1.1 million to $1.3 million, or $0.05 to $0.06 per share. The revision reflects post-closing working capital adjustments and the acceptance of certain customer contracts associated with an asset sale to Trackonomy Systems, Inc. All other preliminary results remain unchanged, including an expected cash balance of $87.1 million as of September 30, 2026. INVE Technologies operates in the technology sector.
INVE Technologies has commenced a modified Dutch auction self-tender offer to purchase up to $20 million in value of its common stock, with an accepted price range between $2.85 and $3.40 per share. The tender offer is part of a previously authorized $40 million repurchase program and expires on November 19, 2026. Concurrently, the company announced preliminary unaudited financial results for the third quarter ended September 30, 2026, projecting revenue between $2.9 million and $3.1 million and net income of $0.4 million to $0.8 million. The company operates in the software industry, focusing on compliance and specialized software solutions leveraging Physical AI.
INVE Technologies, Inc. announced that CEO Kirsten Newquist resigned effective September 21, 2026, remaining an employee through September 30, 2026. The Board appointed James Greenwell as Interim Chief Executive Officer effective the same date. Greenwell brings prior executive experience from Spectrum Labs and Datria Systems. His compensation is managed by Korn Ferry at approximately $18,000 per week under a statement of work ending March 26, 2027, with a non-refundable conversion fee if hired permanently. INVE Technologies operates in the technology sector, focusing on IoT solutions and asset tracking.
INVE Technologies completed the sale of its specialty Internet of Things business to Trackonomy Systems on September 15, 2026, receiving $50 million in Series C Preferred Stock valued at $20.07 per share and $25 million in cash. Concurrently, the company changed its name from Identiv, Inc. to INVE Technologies and appointed James Greenwell as Interim CEO effective September 21, 2026, while outgoing CEO Kirsten Newquist resigned from her executive role on that date and from the Board on September 30, 2026. The company intends to pivot its strategy toward building a physical AI SaaS business supported by an expected strategic partnership with Trackonomy. INVE Technologies operates in the technology sector, specifically focusing on identity management solutions and transitioning into physical AI software services.
Identiv reported Q2 2026 revenue of $5.7 million and a GAAP net loss of ($4.7) million, or ($0.20) per share, compared to a ($6.0) million loss in the prior year period. The company signed an agreement to sell its IoT operating assets to Trackonomy Systems for closing in Q3 FY 2026 and intends to resume stock repurchases under a $40 million authorization before the transaction closes. Management provided Q3 revenue guidance of $4.1–$4.8 million, citing inventory pauses by a major consumer customer and chip allocation delays. Identiv operates in the Internet of Things (IoT) sector, providing RFID- and Bluetooth Low Energy-enabled solutions for physical asset tracking.