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. (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, Inc. (NASDAQ: PI) has launched the Impinj E910 RAIN RFID reader chip, designed for enterprise-grade applications. This chip enhances performance with industry-leading receive sensitivity of -94 dBm, catering to high-demand RAIN RFID uses such as inventory management and loss prevention. It supports smaller system designs (80% smaller) and offers 50% lower power consumption, facilitating innovative IoT development. The E910 is now available to select partners and aims to connect trillions of everyday items across various sectors.
SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI) announced that CFO Cary Baker will participate in a fireside chat at the Baird 2022 Global Consumer, Technology and Services Conference on Tuesday, June 7, 2022, at 4:20 p.m. ET / 1:20 p.m. PT. A live audio webcast and replay will be available on the Impinj website.
Impinj connects billions of everyday items to the Internet using RAIN RFID technology, delivering real-time data for business and consumer applications.
Impinj, a leader in RAIN RFID technology, reported strong first-quarter results for 2022, with revenue reaching $53.1 million. The company achieved a GAAP gross margin of 54.2% and a non-GAAP gross margin of 57.0%. Despite a GAAP net loss of $10.5 million or $(0.42) per diluted share, Impinj posted a non-GAAP net income of $2.4 million or $0.09 per diluted share. The company remains optimistic about continued demand for its products, reflecting a solid investment in growth.
Impinj, Inc. (NASDAQ: PI) will release its first-quarter financial results for 2022 on April 27, 2022, after U.S. market close. A conference call will follow at 5:00 p.m. ET to discuss these results and provide guidance for the second quarter. Interested parties can join the call by dialing +1-412-317-5196, with a live webcast available on the company's website.
Impinj emphasizes transparency by utilizing various channels to disseminate material information, encouraging investors to follow their social media platforms and website for updates.
Impinj, Inc. (NASDAQ: PI) announces the appointment of Christina Balam as vice president of human resources. Balam brings over 15 years of HR experience, having previously led HR at NetMotion Software, where she significantly improved culture and retention. Impinj aims to enhance workplace culture with a focus on talent acquisition and employee satisfaction, leveraging Balam's expertise to strengthen its HR organization. Her leadership is expected to support global scaling and attract top talent, ensuring a thriving environment for employees.
SEATTLE--(BUSINESS WIRE)--Impinj, a leader in RAIN RFID and IoT technology, announced that CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 7:45 p.m. ET. The event will be accessible via a live audio webcast on the Impinj website, allowing stakeholders to engage with the insights shared during the discussion.
Impinj, Inc. (NASDAQ: PI) has joined the DoseID Consortium to enhance RAIN RFID applications in healthcare. This collaboration aims to set industry standards for RAIN RFID, allowing healthcare providers to improve patient care, reduce costs, and boost efficiency by automating inventory and asset management. Impinj's solutions focus on ensuring compliance and safety within healthcare environments. The partnership is expected to advance the use of RFID in tracking medical supplies and improving operational outcomes.
Impinj, Inc. (NASDAQ: PI) reported strong financial results for Q4 and the full year 2021, with record bookings and revenue. Q4 revenue reached $52.6 million, with a GAAP gross margin of 55.5% and adjusted EBITDA of $5.3 million. For the full year, revenue totaled $190.3 million with a GAAP net loss of $51.3 million. Non-GAAP net income for the year was $6.4 million, or $0.25 per diluted share, highlighting a solid operational performance despite overall losses.
Impinj, Inc. (NASDAQ: PI) has announced leadership changes, appointing Steve Sanghi as Board Chair after Peter van Oppen's term ends. Van Oppen will not seek reelection after eight years of service. Meera Rao has been added to the board, bringing over 25 years of experience in the semiconductor industry. Rao expressed her enthusiasm for joining Impinj during a crucial growth phase. Board Member Theresa Wise will also not seek reelection, reducing the board size to seven members. CEO Chris Diorio praised the contributions of the outgoing members.
Impinj, Inc. (NASDAQ: PI) has promoted Hussein Mecklai to chief operating officer, responsible for engineering and operations. Joining Impinj in 2018, Mecklai has over 20 years of experience, previously serving at Intel. His leadership has enhanced product performance and integration at Impinj, which focuses on RAIN RFID technology. Mecklai emphasized the potential for increased adoption of RAIN RFID in retail and logistics, aiming to connect billions of items to the Internet. Impinj's mission is to deliver timely data for a boundless Internet of Things.
FAQ
What is the current stock price of Impinj (PI)?
What is the market cap of Impinj (PI)?
What does Impinj, Inc. specialize in?
What is RAIN RFID?
What are some applications of the Impinj platform?
How does Impinj's technology work?
In which regions does Impinj operate?
What recent achievements has Impinj made?
What is item intelligence™?
Who benefits from Impinj's RFID solutions?
What are endpoint integrated circuits (ICs)?
How does Impinj contribute to the Internet of Things (IoT)?
