Impinj, Inc. - PI STOCK NEWS

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 September 30, 2022, after U.S. market close on October 26, 2022. A conference call will follow at 5:00 p.m. ET, discussing Q3 results and Q4 outlook. Interested parties can participate via phone or a live webcast on the company’s investor relations website. The company emphasizes broad communication through its website and social media for material information distribution.

Impinj, Inc. (NASDAQ: PI) has launched the Impinj Authenticity solution engine, designed for real-time, high-volume product authentication to combat counterfeiting and secure supply chains. This innovative system utilizes cryptographic methods to ensure the authenticity of items like retail products and automotive parts. The solution aims to assist brands in protecting their products, addressing the $464 billion counterfeiting problem reported by the OECD. Its scalability allows integration across various stages of the supply chain, providing a robust defense against counterfeit goods.

Impinj, Inc. (NASDAQ: PI) has announced its participation in several upcoming conferences. Notable events include the Oppenheimer 25th Annual Technology Conference on August 9, 2022, featuring CFO Cary Baker, and the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, with CEO Chris Diorio. Additional appearances are scheduled for the Piper Sandler Growth Frontiers Conference on September 13, 2022, and the Goldman Sachs Communacopia and Technology Conference on September 14, 2022. Live webcasts of these presentations will be available on Impinj's investor website.

Impinj, a leader in RAIN RFID technology, reported second-quarter 2022 financial results indicating strong performance. Revenue reached $59.8 million, with a GAAP gross margin of 52.7% and a non-GAAP gross margin of 54.7%. Despite a GAAP net loss of $11.5 million (loss of $(0.45) per diluted share), the company achieved adjusted EBITDA of $3.8 million and a non-GAAP net income of $3.0 million (income of $0.11 per diluted share). CEO Chris Diorio anticipates strong demand continuing through the second half of 2022.

Impinj, Inc. (NASDAQ: PI) has announced it will release its financial results for the second quarter of 2022, ending June 30, after U.S. market close on July 27, 2022. A conference call will follow at 5:00 p.m. ET to discuss the results and provide a third-quarter outlook. Investors can access the call via phone or through a live webcast on the company's investor relations website. Impinj emphasizes transparency and informs the public via multiple channels, including social media to comply with disclosure obligations.