Identiv CFO Resigns, Ed Kirnbauer Named Acting CFO

Identiv, Inc. announced CFO Justin Scarpulla's resignation effective July 11, 2025. Ed Kirnbauer, the Company's Global Corporate Controller, will serve as Acting CFO. Kirnbauer previously held interim CFO roles and has experience in finance and accounting. He will receive a base salary increase and restricted stock units as part of his new role.

Identiv, Inc. (NASDAQ: INVE), a leading provider of innovative security solutions for physical and digital environments through RFID, IoT, and cloud-based trust services, has announced the resignation of its Chief Financial Officer (CFO), Justin Scarpulla. Scarpulla's resignation will be effective as of July 11, 2025. In his place, Ed Kirnbauer, the company's Global Corporate Controller, will serve as the Acting CFO. Kirnbauer brings extensive experience in finance and accounting and previously held interim CFO roles.

The appointment of Kirnbauer as Acting CFO follows a strategic transition period for Identiv. In Q1 2025, the company reported a decline in performance, with revenue decreasing to $5.3 million from $6.7 million in Q1 2024. GAAP gross margin fell to 2.5% from 7.3%, while non-GAAP gross margin dropped to 10.8% from 13.4%. The company reported a GAAP net loss of ($4.8) million, or ($0.21) per share, compared to ($5.4) million in Q1 2024. The decline was attributed to transition costs from moving production to Thailand and maintaining dual manufacturing sites [1].

In addition to the financial challenges, Identiv has been expanding its product portfolio and strategic partnerships. The company recently announced collaborations with InPlay and Tag-N-Trac to develop next-generation BLE-enabled smart labels for industrial IoT applications and IoT solutions for cold chain tracking in the pharmaceutical industry, respectively [2, 3].

Kirnbauer will receive a base salary increase and restricted stock units as part of his new role. His appointment aims to ensure continuity in the company's financial leadership during this critical transition period. The appointment also reflects Identiv's commitment to maintaining strong financial governance and strategic planning.

Investors and financial professionals can stay informed about Identiv's latest developments and financial performance through the company's official communications and news hub, available at [Identiv News](https://www.stocktitan.net/news/INVE/) [4].

References:
[1] https://www.stocktitan.net/news/INVE/
[2] https://www.stocktitan.net/news/INVE/
[3] https://www.stocktitan.net/news/INVE/
[4] https://www.stocktitan.net/news/INVE/