Revenue during the quarter grew 7.26 percent to $13.39 million from $12.48 million in the previous year period. Gross margin for the quarter expanded 14 basis points over the previous year period to 42.54 percent. Operating margin for the quarter stood at negative 7.06 percent as compared to a negative 66.66 percent for the previous year period.

Operating loss for the quarter was $0.95 million, compared with an operating loss of $8.32 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $0.28 million compared to negative $3.75 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 2.05 percent for the quarter compared to negative 30.04 percent in the last year period.

“We have continued our trajectory of growth year-over-year, with consistent, organic growth now across all major segments. At the same time, we achieved positive adjusted EBITDA for a third consecutive quarter, confirming our business model and target for growth from a strong operating base. This reflects the leverage we are seeing following our operating expense re-focusing last year, combined with the growth resurgence across our core businesses,” said Steven Humphreys, Identiv chief executive officer. “Given the usual first quarter seasonality, we are particularly pleased to see new-agency FICAM wins in the U.S. federal government in the period. We are also encouraged by the strong performance of our RFID transponders, and desktop and mobile smart card readers, modules and chips.