Impinj, Inc. - PI STOCK NEWS

Impinj, Inc. (NASDAQ: PI), a leader in RAIN RFID and IoT, announced that CFO Cary Baker will participate in a fireside chat at the Raymond James Technology Investors Conference on December 7, 2021, at 3:10 p.m. ET. A live audio webcast will be available on Impinj's website, with an archived version for 90 days post-event. Impinj connects billions of everyday items to the Internet, providing timely data for business applications.

Impinj, Inc. (NASDAQ: PI) has priced a private offering of $250 million in Convertible Senior Notes due 2027, increasing from an initial $225 million. The offering is expected to close on November 5, 2021, with net proceeds of about $241.9 million. The notes carry a 1.125% interest rate and are convertible at an initial price of approximately $111.04 per share. Impinj plans to use around $184.2 million from the proceeds to repurchase outstanding 2.00% convertible senior notes due 2026. The offering will bolster its financial structure and support general corporate purposes.

Impinj, Inc. (NASDAQ: PI) plans to offer $225 million of Convertible Senior Notes due 2027 in a private offering, subject to market conditions. An additional $33.75 million option may be granted to initial purchasers. The notes will be senior, unsecured, and convertible into cash, stock, or a mix. Proceeds will repurchase a portion of outstanding 2.00% Convertible Senior Notes due 2026 and for general corporate purposes. Market activities related to the repurchase could affect stock prices and conversion rates.

Impinj, a leader in RAIN RFID technology, reported its third-quarter financial results for 2021, showcasing revenue of $45.2 million and a GAAP gross margin of 50.9%. Despite exceeding revenue expectations, the company faced a GAAP net loss of $12.9 million, resulting in a loss of $(0.53) per diluted share with 24.3 million shares outstanding. The adjusted EBITDA loss was $0.4 million, while the non-GAAP net loss was $0.9 million or $(0.04) per diluted share. Impinj's outlook for the fourth quarter reflects ongoing market challenges, impacting anticipated performance.

Impinj, Inc. (NASDAQ: PI) will release its third-quarter financial results for the period ending September 30, 2021, after U.S. markets close on October 27, 2021. Following the release, a conference call will take place at 5:00 p.m. ET, where management will discuss the results and provide an outlook for the fourth quarter. Interested listeners can join via phone or webcast. Additionally, an archived version of the call and related financial data will be accessible on Impinj's website.

Impinj, Inc. (NASDAQ: PI) announced that co-founder and CEO Chris Diorio will participate in the virtual Piper Sandler Global Technology Conference on September 13-14, 2021. A pre-recorded presentation will be accessible on the Impinj website starting September 9, 2021, at 4:00 p.m. ET, and will remain available for 90 days. Additionally, one-on-one meetings can be scheduled on September 14, 2021, exclusively via Piper Sandler. Impinj specializes in connecting everyday items to the Internet using RAIN RFID technology, enhancing business and consumer applications.

Impinj (NASDAQ: PI), a leader in RAIN RFID technology, will participate in two virtual investor conferences. The CFO, Cary Baker, will engage in a fireside chat at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 10, 2021, at 1:15 p.m. ET. CEO Chris Diorio will speak at the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 2:00 p.m. ET. Both sessions will be available via live audio webcast on the company's investor website, with an archived version accessible for 90 days after each event.

Impinj (NASDAQ: PI) reported strong financial results for Q2 2021, with revenue of $47.3 million and a GAAP gross margin of 52.4%. The company achieved a record bookings quarter and adjusted EBITDA of $3.3 million. Although there was a GAAP net loss of $8.9 million ($(0.37) per diluted share), non-GAAP net income reached $2.7 million ($0.11 per diluted share). The CEO highlighted robust demand and the introduction of innovative products.

Impinj, a leader in RAIN RFID technology, will announce its second-quarter financial results for the period ending June 30, 2021, after market close on July 28, 2021. The company will conduct a conference call at 5:00 p.m. ET to discuss these results and provide an outlook for the third quarter. This call will be accessible to the public via phone and webcast. Impinj plans to leverage various channels, including social media and its website, for information dissemination, emphasizing transparency.