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.
Impinj Inc (PI) delivers pioneering RFID and wireless connectivity solutions that power the Internet of Things. This news hub provides investors and industry professionals with essential updates on the company’s technological advancements, financial performance, and market leadership.
Access real-time press releases covering earnings reports, product innovations, and strategic partnerships. Stay informed about PI’s role in transforming retail inventory systems, healthcare asset tracking, and global supply chain efficiency through its integrated platform.
Key updates include developments in endpoint ICs, reader systems, and IoT applications across industries. Bookmark this page for timely insights into how Impinj continues to bridge physical assets with digital intelligence, driving operational visibility worldwide.
Impinj, a leader in RAIN RFID solutions, reported strong financial results for Q1 2023, with record revenue of $85.9 million. The company achieved a GAAP gross margin of 50.7% and a non-GAAP gross margin of 52.4%. Despite a GAAP net loss of $4.4 million (loss of $(0.17) per share), non-GAAP net income was $8.7 million, translating to $0.30 per diluted share. Adjusted EBITDA stood at $8.6 million. CEO Chris Diorio expressed confidence in the company's backlog and overall market growth potential. The outlook for Q2 2023 reflects the company’s commitment to leverage its platform solutions amidst changing market dynamics.
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.
