Identive Group, a secure ID, NFC tag and reader maker, turned a profit in the fourth quarter–albeit a small one–its first time in the black for several consecutive quarters, helped by what CEO Ayman S. Ashour described as “a record quarter for NFC.”
Identive reported 34% growth in sales of NFC and RFID transponders year-over-year compared with the fourth quarter of 2011 and roughly doubled sales from the previous quarter. It didn't break out its NFC revenue.
"This was a record quarter for NFC in particular and RFID products in general,” Ashour said in a conference call following the release Thursday.