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Impinj, Inc. (NASDAQ: PI) is a pioneering company in the field of RAIN RFID solutions, connecting billions of everyday items to the digital world. Known for its advanced platform, Impinj seamlessly integrates endpoint integrated circuits (ICs) and connectivity layers to deliver real-time information about an item's identity, location, and authenticity. This technology, termed item intelligence™, plays a crucial role in applications such as inventory management, patient safety, asset tracking, and item authentication.
The Impinj platform includes miniature radios-on-a-chip that attach to various items, and a connectivity layer comprising readers, gateways, and reader ICs. These components work together to wirelessly identify, locate, authenticate, and engage with endpoint ICs, providing essential data to businesses and consumers.
With a strong presence across the Americas, Asia Pacific, Europe, the Middle East, and Africa, Impinj derives significant revenue from its operations in the Asia Pacific region. The company's solutions empower industries by ensuring efficient tracking and management of items such as apparel, medical supplies, automobile parts, and even food and luggage.
Recent achievements include advancements in their RAIN RFID technology, expanding partnerships with key industry players, and ongoing projects aimed at enhancing the scalability and efficiency of their platform. Impinj's commitment to innovation makes it a significant player in the Internet of Things (IoT) landscape, continually pushing the boundaries of what is possible with RFID technology.
Impinj (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, has announced its participation in two upcoming investor conferences. At the Baird 2024 Global Industrial Conference on November 13, 2024, CFO Cary Baker and COO Hussein Mecklai will join a fireside chat at 5:05 p.m. ET. At the UBS Global Technology and AI Conference on December 4, 2024, co-founder and CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat at 3:35 p.m. ET. Both sessions will be available via live audio webcasts and replays on the company's investor website.
Impinj (NASDAQ: PI) reported strong Q3 2024 financial results, exceeding guidance with revenue of $95.2 million and a GAAP gross margin of 50.0%. The company achieved GAAP net income of $0.2 million ($0.01 per diluted share) and non-GAAP net income of $16.9 million ($0.56 per diluted share). The quarter demonstrated strong operational leverage, with Adjusted EBITDA reaching $17.3 million. The non-GAAP gross margin stood at 52.4%.
Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, has announced the release of its third-quarter 2024 financial results on Wednesday, October 23, 2024, after U.S. markets close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT to discuss the results and provide a fourth-quarter 2024 outlook.
Interested parties can join the call by dialing +1-412-317-1863 or access the live webcast on the company's investor website. A telephonic replay will be available for five business days after the call. Impinj will make management's prepared remarks, quarterly financial data, and the financial-results press release available on their investor website on the same day.
Impinj (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, has announced its participation in two upcoming investor conferences. Cary Baker, Impinj CFO, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference on September 10, 2024, at 3:00 p.m. ET. The following day, Chris Diorio, Impinj co-founder and CEO, along with Cary Baker, will take part in a fireside chat at the Goldman Sachs Communacopia and Technology Conference at 1:50 p.m. ET.
Both events will be accessible via live audio webcasts and replays on the Impinj website at investor.impinj.com, providing investors with opportunities to gain insights into the company's strategies and performance.
Urovo, a global leader in Automatic Identification and Data Capture (AIDC), has been recognized as an Impinj Gold Partner. This partnership highlights their collaboration in advancing RFID technology. Impinj, known for its high-performance RAIN RFID chips, provides the foundation for Urovo's RFID solutions.
Urovo's extensive RFID portfolio includes handheld RFID mobile computers, sleds, fixed readers, and printers. The DT50P handheld reader, powered by Impinj's E710 chip, offers a 15-meter reading range. The RFDT50 sled can read up to 1,000 tags per second. Fixed readers like the FR1000 and FR2000 cater to warehouse and retail environments respectively.
This partnership is expected to drive advancements in RFID technology and accelerate its adoption across various industries, improving business efficiency.
Impinj (NASDAQ: PI), a leading RAIN RFID provider, has announced key executive promotions and an expanded leadership team to drive continued growth. Gahan Richardson has been promoted to executive vice president, joining the executive leadership team to oversee product roadmap and market development. Alberto Pesavento, chief technology officer, has been added to the executive leadership team, while Christina Balam has been promoted to senior vice president of human resources.
These changes reflect the company's focus on strengthening its market position and executing its strategy in the RAIN RFID market. CEO Chris Diorio emphasized the importance of culture and execution across solutions and systems to drive Impinj endpoint IC adoption. The expanded leadership team aims to capitalize on increasing market strength driven by enterprises' need for improved efficiencies and customer experiences.
Impinj (NASDAQ: PI), a leading RAIN RFID provider, reported strong second-quarter 2024 financial results, surpassing guidance. Key highlights include:
- Revenue reached $102.5 million, exceeding $100 million for the first time
- GAAP net income of $10.0 million, or $0.34 per diluted share
- Non-GAAP net income of $25.3 million, or $0.83 per diluted share
- Adjusted EBITDA of $26.8 million
- Free cash flow topped $40 million
The company reported a GAAP gross margin of 56.1% and a non-GAAP gross margin of 58.2%. CEO Chris Diorio expressed confidence in Impinj's market position and future opportunities as they continue to pursue their vision of connecting every item in the everyday world.
Impinj (NASDAQ: PI), a leading provider in RAIN RFID and Internet of Things (IoT) technology, will announce its second-quarter 2024 financial results on July 24, 2024, after the U.S. markets close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results and provide a third-quarter 2024 outlook. The call can be accessed by dialing +1-412-317-1863, and a replay will be available for five business days at +1-412-317-0088 with passcode 2945814. Financial data and the press release will be available on the Impinj investor website.
Impinj (NASDAQ: PI), a leading RAIN RFID provider and IoT pioneer, announced that its CFO, Cary Baker, will participate in a fireside chat at the Baird 2024 Global Consumer, Technology & Services Conference.
This event will take place on Tuesday, June 4, 2024, at 4:55 p.m. ET / 1:55 p.m. PT. A live audio webcast and a replay of this session will be accessible via the Impinj website at investor.impinj.com.
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