Welcome to our dedicated page for Impinj news (Ticker: PI), a resource for investors and traders seeking the latest updates and insights on Impinj stock.
Overview
Impinj Inc is a distinguished technology company providing advanced RFID solutions, powered by robust wireless connectivity and integrated into the fabric of the Internet of Things. The company is known for its innovative platform that seamlessly transforms everyday items into digitally trackable, authentic assets, connecting them to sophisticated applications in inventory management, asset tracking, patient safety, and more. By leveraging industry-specific technologies, Impinj illustrates a comprehensive approach to bridging the physical and digital worlds, thereby simplifying complex supply chain and operational challenges across multiple industries.
Core Technology and Platform Components
The cornerstone of Impinj's operations lies in its integrated platform, which includes specialized endpoint integrated circuits (ICs) that are designed to be affixed to physical items. These ICs, often described as miniature radios-on-a-chip, impart a unique digital identity to each object. The platform also comprises a connectivity layer that features readers, gateways, and reader ICs designed to wirelessly interact with endpoint ICs. This integrated approach facilitates the extraction of real-time information regarding identity, location, and authenticity of products, thus ensuring the continuous flow of data between the physical and digital realms.
Market Applications and Industry Impact
Impinj's technology finds applications in a diverse array of industries. In retail and inventory management, the platform is crucial for item authentication and effective asset tracking. In healthcare, it supports stringent safety measures and efficient management of medical supplies, while in logistics, it ensures the secure and transparent movement of goods. The flexibility and scalability of the platform enable businesses to gain deeper insights into their operational processes, optimizing workflows and contributing significantly to operational efficiency.
Global Presence and Industry Position
Operating on a global scale, Impinj has established its presence across the Americas, Asia Pacific, Europe, the Middle East, and Africa. A substantial portion of its operations and market activity is concentrated within the Asia Pacific region, which plays a pivotal role in the company’s global strategy. This geographical diversity allows Impinj to cater to a wide variety of market demands while adapting its offerings to meet the needs of distinct industrial sectors worldwide.
Competitive Landscape and Strategic Differentiation
In a competitive industry marked by rapid technological evolution, Impinj distinguishes itself through its comprehensive platform and commitment to engineering excellence. Rather than relying on standalone products, the company’s integrated solution—spanning both ICs and connectivity devices—enables a seamless data communication process that is critical for the functioning of modern supply chains and digital operations. This differentiation is complemented by a strategic focus on secure, reliable communications and the capacity to integrate with multiple industrial applications, setting the stage for enduring innovations in asset intelligence.
RFID and Internet of Things Integration
At the heart of Impinj's operations is its innovative use of RFID technology within the broader context of the Internet of Things (IoT). The company’s approach to wireless connectivity not only facilitates immediate, real-time data exchange but also underpins a transformative shift towards a more connected, data-driven operational model. By transmitting critical item intelligence, the platform effectively bridges the gap between tangible physical objects and digital data, a capability that enhances visibility and operational control in various sectors.
Customer Applications and Use Cases
Impinj's solutions are designed to address real-world challenges faced by businesses engaged in the creation, management, transportation, and retailing of goods. For example, in supply chain management, the technology assists in maintaining precise inventories and tracking product movements, thereby reducing errors and inefficiencies. In the realm of patient safety, it offers a layer of authentication that is essential for managing medical supplies and ensuring that the right items are used in the right context. The flexibility of its platform means that it can be tailored to a wide range of operational environments, enhancing its utility across various industries.
Commitment to Innovation and Reliability
Impinj’s commitment to continual innovation is evident in its ongoing enhancements to both its hardware and software components. The company invests significantly in the development of more efficient ICs and robust connectivity solutions that are designed to stand up to the challenges of varied operational environments. This focus on reliability and durability ensures that the technology remains resilient, even as market demands become increasingly complex. In doing so, Impinj underpins its reputation for delivering technologies that are both pioneering and practical, offering tangible benefits for an array of industrial applications.
Integration of Advanced Technologies
Beyond its core offerings, Impinj continues to explore the integration of ancillary technologies that complement its RFID platform. By aligning its solutions with broader trends in digital transformation, the company leverages advanced analytics and secure communication protocols to offer more refined insights and actionable data to its users. This multidimensional approach not only augments existing capabilities but also positions the platform as a critical component of modern, digitally enabled organizational infrastructures.
User-Centric Platform Design
The design of the Impinj platform is user-centric, emphasizing ease of integration and operational simplicity. Businesses adopting the technology can benefit from a streamlined process that requires minimal disruption to existing workflows. This adaptability is underpinned by a coherent, scalable infrastructure that supports both small-scale implementations and extensive enterprise deployments. The focus on usability as well as technical performance means that the solutions offered are accessible to a wide range of customers, from supply chain managers to technical integrators.
Overall, Impinj Inc stands as a critical enabler in the realm of wireless, RFID-driven connectivity. Its blend of advanced hardware, comprehensive connectivity layers, and extensive application use cases solidifies its role as an essential technology partner for enterprises aiming to harness the full potential of item intelligence in a digitally connected world.
Impinj, Inc. (NASDAQ: PI) will release its financial results for the first quarter ended
Impinj, Inc. (NASDAQ: PI) has announced that Miron Washington will join its board of directors starting April 2, 2023. Washington brings over 25 years of experience in B2C/B2B ecommerce, global supply chain operations, and digital transformation, expected to aid Impinj in its growth phase. The board chair, Steve Sanghi, noted Washington's extensive background will support the company in enhancing operational efficiency and customer experience. Washington is currently the chief digital officer at Parts Town and previously held executive roles at major companies including Home Depot and Amazon.
Impinj, Inc. (NASDAQ: PI) reported financial results for Q4 and the full year 2022, highlighting a robust performance. Q4 revenue reached $76.6 million, with a GAAP gross margin of 52.4% and adjusted EBITDA of $11.8 million. The company noted a minimal GAAP net loss of $0.1 million. For the full year, Impinj's revenue was $257.8 million, with a GAAP net loss of $24.3 million. Non-GAAP net income stood at $26.3 million, or $0.96 per diluted share. The company is optimistic about growth opportunities as it heads into 2023, although guidance for Q1 2023 remains cautious based on prevailing market conditions.
Impinj, Inc. (NASDAQ: PI) has updated its fourth-quarter 2022 revenue expectation to exceed $76 million, surpassing prior guidance of $71.5 million to $73.5 million. This announcement signals a positive outlook for the company. CFO Cary Baker will participate in a fireside chat at the 25th Annual Needham Growth Conference on January 11, 2023.
The company’s fourth-quarter financial results will be disclosed on February 8, 2023, and a conference call will follow to discuss the results and first-quarter outlook.
Impinj (NASDAQ: PI) announced that CFO Cary Baker will participate in a fireside chat at the Susquehanna Semiconductor Showcase on December 13, 2022, at 2:00 p.m. ET. This event will be accessible via a live audio webcast on the Impinj website. Impinj is a leader in RAIN RFID technology, enabling businesses to connect billions of everyday items to the Internet, enhancing data availability for innovative applications.
Madrona awarded the 15th Annual Madrona Prize to the University of Washington’s Paul G. Allen School for their innovative VOCAL system, which extracts semantic information from unlabeled data. Ph.D. students Maureen Daum, Enhao Zhang, and Dong He developed sub-projects that won the prize. Runners-up included ClearBuds for real-time speech enhancement and tools for non-experts to create statistical models. Madrona has funded 21 companies from the University, including Impinj (NASDAQ: PI) and A-Alpha Bio, demonstrating a strong commitment to fostering technology innovation in the region.
Impinj, Inc. (NASDAQ: PI) has launched the M780 and M781 RAIN RFID tag chips, designed to enhance product management across various industries, including automotive, pharmaceuticals, and food. These chips feature significant memory capacity, enabling compliance with industry standards and efficient shelf-life management. With a 50% increase in read range over prior models, they improve accuracy and reliability. The Impinj Core3D Antenna reference-design portfolio also simplifies tag development. These advancements align with Impinj's goal of driving digital transformation and supporting a seamless Internet of Things.
SEATTLE--(BUSINESS WIRE)--Impinj (NASDAQ: PI), a leader in RAIN RFID technology, announced that CFO Cary Baker will participate in a fireside chat at the Baird 2022 Global Industrial Conference on Thursday, November 10, 2022, at 2:10 p.m. ET. The discussion will focus on Impinj's innovative RFID solutions that connect everyday items to the Internet. A live audio webcast of the event will be available on the Impinj investor relations website.
Impinj's platform enhances data connectivity for businesses, enabling a smarter Internet of Things.
Impinj, Inc. (NASDAQ: PI) reported its financial results for Q3 2022, achieving a record revenue of $68.3 million. The company noted a GAAP gross margin of 54.8% and a non-GAAP gross margin of 56.9%. A GAAP net loss of $2.2 million was recorded, equating to a loss of $(0.09) per diluted share. In contrast, the non-GAAP net income was $9.3 million, or $0.34 per diluted share. Looking forward, Impinj anticipates strong demand into 2023, driven by a record backlog and robust market conditions.
Impinj, Inc. (NASDAQ: PI) will release its third-quarter financial results for the period ending
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