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Identive Group Inc Updates On Q2 2013 Guidance Above Analysts' Estimates

Friday, 19 Jul 2013 02:30am EDT 

Identive Group Inc announced that for the second quarter of 2013, it expects revenue to be approximately $23.6 million, in the mid-range of management guidance for the second quarter of $22-$26 million and adjusted EBITDA to be approximately $(1.0) million, below guidance of $(0.5) million to $0.5 million as a result of lower Access Control & Security and ID Solutions sales. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $22.0 million and EBITDA of $(1.8) million for the second quarter of 2013. 

Company Quote

0.09 +1.06%
27 Mar 2015