Identive Group announced that its most recent finished quarter ended with a return to profitability and a record quarter for NFC and RFID transponder sales.
"Pent up demand following the resumption of delayed customer projects, plus several new orders, drove NFC and RFID transponder sales in Q4 to more than double from the previous quarter and grow 34% year over year."
The company also reported a return to profitability based on adjusted EBITDA and revenues of just over 26 million dollars for the quarter.
Read the entire release here:
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