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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, 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.
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.
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