Xiaozhang Che's questions to Identiv Inc (INVE) leadership • Q1 2025
Question
Xiaozhang Che, on behalf of Craig Ellis at B. Riley Securities, asked about the progress of phasing out low-margin business during the Singapore-to-Thailand manufacturing transition and its reflection in the Q2 guidance. She also questioned the current production volume in Thailand, operational yields, and the feasibility of the previously stated Q4 gross margin target.
Answer
Executive Kirsten Newquist confirmed that the exit of low-margin business is reflected in the current quarter's results and Q2 guidance, with the transition to Thailand making strong progress and now over 75% complete. Executive Justin Scarpulla added that while the operational transition is on track, the company has pulled future gross margin guidance pending clarity on the impact of tariffs.