Quick Win By The Algorithm:

On March 19, 2016, the I Know First algorithm had predicted a bullish forecast for Identiv, Inc. (INVE). INVE had a signal of 57.33 and a predictability of 0.23. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 27.61% in just 3 days.

Identiv, Inc. (INVE), develops and manufactures physical access control, identity management, and radio frequency identification systems. The Company’s products are used in corporate employee identification (ID) cards, company email, information technology networks and facility access control, in national ID cards and passports, transport passes, banking and other uses.

On March 8, 2017, Stephen Humphreys, CEO of INV, announces results of Q4 2016. This includes two consecutive quarters of solidly positive adjusted EBITDA, totaling about 2.8 million in positive EBITDA in the second half of 2016.

The EPS (Earnings Per Share) of -$0.10 beat by $0.05.

Revenue of $14.6M (+11.6% Y/Y) beat by $0.2M.

Humphreys says, “With all the non-operational challenges of 2016 and the operating realities of restructuring and refocusing a company we executed the plan every quarter and moved our business to adjusted EBITDA positive and to clear strong growth.”

“On the cash side through all the business complexities of 2016 we’ve held cash steady since early in the year at over $9 million even while driving the growth today and into the future we’ve stabilized the business and rebuilt the core while holding the one metric the businesses can always be measured by which is their cash balance. On the operating expense side we’ve stabilized at a very healthy level while still launching major product releases and also doing a major overhaul of the U.S. channel in 2016.”

In addition to a positive EBITDA and cash flow, Identive publicly announced a wide range of products at the beginning of the year. This is predicted to drive growth in 2017.

This bullish forecast on CSX was sent to current I Know First subscribers on December 15, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.