Geschrieben am 01-11-2012

Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.

9-month report

SANTA ANA, Calif. and ISMANING, Germany, November 1, 2012 (euro
adhoc) - Identive Group, Inc. (NASDAQ: INVE; Frankfurt: INV), a
provider of products, services and solutions for the identification,
security and RFID industries, today announced results for the fiscal
third quarter (Q3), ended September 30, 2012.

Q3 2012 Highlights: - Continued operating expense reduction and
further lowering of breakeven point - Record smart card reader
sales for US Government programs - Recovery in demand for
transponder products, creating a stronger Q4 forecast - Continued
progress in emerging growth opportunities for near field
communication (NFC), payment and cloud-based solutions - Strong
cash performance during quarter

"Our core business continued to be affected by global economic and
budget uncertainties, particularly in Europe. While some sales of
access systems for US Government customers slipped into October, new
cyber security programs at federal agencies drove a strong increase
in smart card reader sales and previously delayed transponder orders
also began to recover towards the end of the quarter," said Ayman S.
Ashour, CEO and chairman of Identive. "Our continued focus on cost
reduction drove a further 9% sequential decline in our base operating
expenses and adjusted EBITDA also improved significantly, bringing us
close to breakeven on relatively weak revenues. Our cash performance
in Q3 was better than anticipated and in October we also secured
additional non-dilutive debt financing, strengthening our ability to
manage our growth needs."

Q3 Results

As reported in accordance with U.S. generally accepted accounting
principles (GAAP), Q3 2012 revenues were $22.9 million, down 4% from
$23.9 million in Q2 2012 and down 14% from $26.8 million in Q3 2011.
By segment, Identity Management Services and Solutions (Identity
Management) revenues were $13.8 million and ID Products revenues were
$9.1 million in Q3 2012.

GAAP gross profit margin was 42% in Q3 2012, compared with 40% in Q2
2012 and 44% in Q3 2011. Total research and development, sales and
marketing, and general and administrative expenses (referred to in
this release as base operating expenses) were $12.1 million in Q3
2012, down 9% from $13.3 million in Q2 2012 and down 17% from $14.5
million in Q3 2011 as a result of the restructuring plan we initiated
in June of this year and from ongoing initiatives to improve the
efficiency of our business.

On a GAAP basis, Identive recorded net loss of $(7.9) million, or
$(0.13) per share in Q3 2012, compared with net loss of $(41.9)
million, or $(0.70) per share in Q2 2012 and net loss of $(3.7)
million, or $(0.06) per share in Q3 2011. Reflected in our results
for Q3 2012 are non-cash impairment charges of $5.8 million, which
accounted for $(0.10) of the $(0.13) GAAP net loss per share recorded
in the quarter. In Q2 2012, non-cash impairment charges and other
associated non-cash adjustments accounted for $(0.66) of the reported
net loss. As previously announced, during Q2 2012 a sharp decline in
our market capitalization triggered a required impairment analysis of
our goodwill, intangible and long-lived assets, and at the time of
our second quarter earnings announcement we had concluded that some
assets were impaired and recognized preliminary non-cash charges for
this impairment in our Q2 2012 financial statements. During Q3 2012
we completed our impairment analysis and recorded further charges, as
described above. These charges do not impact our day-to-day
operations or liquidity and will not result in any future cash
expenditures. They do, however, reduce the amount of non-cash
amortization charges we must record each quarter, which has a
beneficial effect on our future net earnings. Non-GAAP gross profit
margin was 46% in Q3 2012, compared with 45% in Q2 2012. We recorded
non-GAAP net loss of $(1.6) million, or $(0.03) per share in Q3 2012,
compared with a non-GAAP net loss of $(1.1) million, or $(0.02) per
share in Q2 2012. Adjusted EBITDA was $(0.3) million in Q3 2012,
compared with $(1.2) million in Q2 2012.

Non-GAAP gross profit margin, adjusted EBITDA and non-GAAP net loss
and net loss per share all exclude various items that are detailed in
the financial table and accompanying footnotes reconciling GAAP to
non-GAAP results contained in this release. An explanation of these
measures is also included below under the heading "Non-GAAP Financial

Cash, cash equivalents and restricted cash were $8.3 million at
September 30, 2012 and included $2.1 million of cash generated from
operations in the quarter, compared with $6.3 million of cash, cash
equivalents and restricted cash at June 30, 2012.

David Wear, CFO of Identive commented, "As we projected, we were able
to continue to reduce our costs and manage our cash effectively
during the quarter. Expense reductions to date have helped to lower
our EBITDA breakeven point significantly to between $23 million and
$24 million in revenue per quarter. Our ongoing focus on cost
efficiency and continued improvement in our revenue outlook should
allow us to take advantage of this lower breakeven point to deliver
EBITDA positive results on a consistent basis."

Q3 2012 Business Highlights Ongoing investment in product development
resulted in the announcement of several important new products in the
quarter, including: - The launch of Hirsch Velocity 3.5, our next
generation access control software platform that now enables access
to real-time system information across a wide range of corporate and
mobile devices and environments, enabling enterprise customers
greater levels of security and control. - The TouchSecure® Desktop
Reader, an innovative identity authentication solution that allows
enterprise customers to implement secure access to their physical
facilities, corporate networks, shared printers and copiers using a
single identity credential -- their employees' existing building
access cards. - A new family of multi-protocol LEGIC® card
readers that address the growing trend in corporate, campus and other
environments towards the use of a single smart ID card to perform
many functions. Identive gained visibility at the London Olympics
this summer as more than 100,000 visitors used the Company's payment
and identity management products and solutions: - Our Polyright
identity management solution provided secure entry to the Olympic
Club for members of the International Olympic Committee (IOC), VIP
visitors and staff. - In cooperation with the leading Dutch bank
Rabobank, Identive enabled cashless payment at one of the Olympics'
largest hospitality venues. Using innovative convertible payment
cards based on the Company's patent pending tomPAY™ tag technology,
visitors were able to tap and pay for refreshments using either the
card or a removable NFC payment sticker that enables payment using a
mobile phone.

In addition, Identive's payment solution cashless payment system was
selected for use at various music festivals in Europe and for the Rat
Verlegh Stadium in Breda, The Netherlands.

Mr. Ashour concluded, "Looking forward, a higher than usual backlog
of orders for access control systems and readers for US Government
agencies and the commencement of both delayed and new NFC and other
transponder projects are creating an improved sales outlook for Q4.
Successful development efforts also continue to reinforce our early
leadership position in emerging growth opportunities. We have now
expanded our www.IdentiveNFC.com online NFC marketplace to sell to a
wider and growing customer base. We also are encouraged by the strong
reception we are receiving from beta trials for our NFC marketing
platform and are preparing for the platform's public launch in Q4.
The progress we are making to position Identive as the signature
company in Secure ID is further supported by the improvements we have
made to our financial base."

Outlook for Q4 2012

Based on its current expectations, for the fourth quarter of 2012,
management expects revenues of $26.0 million to $28.0 million and
non-GAAP, adjusted EBITDA of $1.5 million to $2.0 million.

Conference Call and Webcast Information Identive Group will host a
conference call and webcast today at 10:00 AM Eastern Time, which can
be accessed by dialing 888.771.4371 (toll free within the U.S.) or +1
847.585.4405 (for international callers) and using pass code
33654779. A webcast of the call that includes presentation slides can
be accessed by visiting the investor relations section of the
Company's website at www.identive-group.com, and by clicking on
"Presentations, Reports & Webcasts," where it also will be archived
for those unable to listen to the live webcast. An audio replay of
the call also will be available for one week and can be accessed by
dialing 888.843.7419 (toll free within the U.S.) or +1 630.652.3042
(for international callers) and using pass code.

About Identive Group Identive Group, Inc. (NASDAQ: INVE; Frankfurt:
INV) is focused on building the world's signature company in Secure
ID. The company's products, software, systems and services address
the markets for identity management, physical and logical access
control, cashless payment, NFC solutions and a host of RFID-enabled
applications for customers in the government, enterprise, consumer,
education and healthcare sectors. Identive's mission is to build a
lasting business of scale and technology based on a combination of
strong technology-driven organic growth and disciplined acquisitive
expansion. The company delivers up-to-date information on its
activity as well as industry trends through its industry-leading
social media initiatives and educational resource, AskIdentive.com.
For additional information, please visit www.identive-group.com or
follow on Twitter at @IdentiveGroup.

Non-GAAP Financial Measures Identive has provided in this release
financial information that has not been prepared in accordance with
GAAP, including non-GAAP gross profit margin, adjusted EBITDA and
non-GAAP net loss and net loss per share. Identive uses these
non-GAAP financial measures internally in analyzing its financial
results and believes they are useful to investors, as a supplement to
GAAP measures, in evaluating Identive's ongoing operational
performance. Identive believes that the use of these non-GAAP
financial measures provides an additional tool for investors to use
in evaluating ongoing operating results and trends. As noted, the
non-GAAP financial results discussed above exclude various items
which are detailed in the reconciliation table and accompanying
footnotes contained within this release. Non-GAAP financial measures
should not be considered in isolation from, or as a substitute for,
financial information prepared in accordance with GAAP. Investors are
encouraged to review the reconciliation of these non-GAAP measures to
their most directly comparable GAAP financial measures as detailed in
this release.

Note Regarding Forward Looking Information: This press release
contains forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements can be identified by words such as "anticipates,"
"believes," "plans," "will," "intends," "expects," and similar
references to the future. Examples of such statements include,
without limitation, statements we make regarding our expectations
regarding continued demand for our products, solutions and services,
our expectations regarding market acceptance of our NFC, cashless
payment and cloud-based solutions, our ability to realize savings
from our cost savings and restructuring plans, our ability to
capitalize and improve upon our technology portfolio, our
expectations regarding future results, including Q4 and full year
2012 results, and our expectations for future growth and
profitability. Readers should not unduly rely on these
forward-looking statements, which are not a guarantee of future
performance and are subject to a number of risks and uncertainties,
many of which are outside our control, which could cause our actual
business and operating results to differ. Factors that could cause
actual results to differ materially from those in the forward-looking
statements include our ability to grow our company based on a
strategy of providing products, components and services for the
secure identification market; to successfully develop and
commercialize new products and solutions that satisfy the evolving
and increasingly complex requirements of customers; whether the
markets in which we participate or target may grow, converge or
standardize at anticipated rates or at all, including the markets
that we are targeting; our ability to successfully integrate acquired
businesses; our ability to successfully compete in the markets in
which we participate or target; our ability to meet our sales
forecasts; our ability to meet financial covenants of our loan
agreement; our ability to meet growing demand for our products; and
general global political and economic factors which are beyond our
control but may unduly impact our markets and our business. For a
discussion of further risks and uncertainties related to our
business, please refer to our public company reports, including our
Annual Report on Form 10-K for the year ended December 31, 2011 and
subsequent reports filed with the U.S. Securities and Exchange
Commission. All forward-looking statements are based on information
available to us on the date hereof, and we assume no obligation to
update such statements.


All trade names are trademarks or registered trademarks of their
respective holders.

Further inquiry note:
Darby Dye
Tel.: +1 949 553-4251
E-Mail: ddye@identive-group.com

Lennart Streibel
Tel.: +49 89 9595-5195
E-Mail: lstreibel@identive-group.com

end of announcement euro adhoc

company: Identive Group Inc.
Carnegie Ave., Bldg. B 1900
US-CA 92705 Santa Ana
phone: +1 949 553 4280
FAX: +49 89 9595-5555
mail: investorrelations@identive-group.com
WWW: http://www.identive-group.com
sector: Computing & Information Technology
ISIN: US45170X1063
indexes: NASDAQ
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
Nasdaq: New York, Open Market / Entry Standard: Frankfurt
language: English


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