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Impinj, Inc. (NASDAQ: PI) is a pioneering technology company specializing in RAIN RFID solutions that bridge the physical and digital worlds. Operating at the intersection of the Internet of Things (IoT) and wireless connectivity, Impinj enables businesses to identify, locate, and authenticate everyday items with unparalleled precision. By delivering real-time item intelligence™, the company empowers organizations to streamline operations, enhance inventory management, and improve asset tracking and supply chain visibility.
Core Business and Platform Overview
At the heart of Impinj's operations is its integrated platform, which combines hardware and software to provide seamless wireless connectivity for billions of items. The platform comprises three key components:
- Endpoint ICs: Miniature radios-on-a-chip that attach to physical items, enabling them to be uniquely identified, located, and authenticated. These ICs are designed for a wide range of use cases, from tracking apparel and medical supplies to managing food logistics and luggage.
- Connectivity Layer: Includes readers, gateways, and reader ICs that wirelessly interact with endpoint ICs. This layer powers the endpoints and facilitates bidirectional communication, delivering critical data to enterprise applications.
- Software and Applications: The platform integrates with business systems to provide actionable insights, enabling organizations to make data-driven decisions in real-time.
Industry Applications
Impinj's RAIN RFID technology has broad applications across various industries, including:
- Retail: Enhancing inventory accuracy, reducing shrinkage, and improving customer experiences through better stock availability.
- Healthcare: Ensuring patient safety by tracking medical supplies, pharmaceuticals, and equipment.
- Logistics and Supply Chain: Streamlining operations by tracking shipments, reducing errors, and improving efficiency.
- Manufacturing: Enabling precise tracking of components and finished goods to optimize production processes.
Market Position and Geographic Presence
Impinj operates globally, with a significant business presence across the Americas, Asia Pacific, Europe, the Middle East, and Africa. Its solutions are particularly well-received in the Asia Pacific region, which represents a key revenue driver. The company's ability to deliver end-to-end RAIN RFID solutions positions it as a trusted partner for businesses seeking to digitize their operations and enhance operational visibility.
Competitive Landscape
In the highly competitive IoT and RFID markets, Impinj distinguishes itself through its comprehensive platform approach. Unlike competitors that may focus solely on hardware or software, Impinj integrates both to deliver a seamless and scalable solution. This differentiation, combined with its deep expertise in RAIN RFID technology, solidifies its position as a leader in enabling item intelligence.
Value Proposition
Impinj's technology transforms the way businesses interact with physical items, unlocking new levels of efficiency, accuracy, and transparency. By connecting billions of items to digital systems, the company contributes to the broader vision of a connected world, where data flows seamlessly between the physical and digital realms.
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.
Impinj, Inc. (NASDAQ: PI) has launched three next-generation RAIN RFID reader chips: E710, E510, and E310. These low-power, high-performance systems-on-chips enhance IoT device connectivity across various sectors, including retail and logistics. Key features include up to 2x better receive sensitivity, 80% smaller designs, and 50% lower power consumption. With these advancements, Impinj aims to drive innovation in item connectivity and improve operational efficiencies. Industry partners, like Michelin, anticipate utilizing these chips for enhanced tire management and safety.
Impinj, a leader in RAIN RFID technology, has announced that CFO Cary Baker will speak at two upcoming virtual investor conferences. The first is the 16th Annual Needham Virtual Technology & Media Conference scheduled for May 19, 2021, at 9:30 a.m. ET, followed by the Baird 2021 Global Consumer, Technology & Services Conference on June 9, 2021, at 4:20 p.m. ET. Live webcasts will be accessible on the company’s website, with archived versions available for 90 days after each event.
Impinj connects everyday items to the Internet, facilitating vast data access for businesses.
Impinj, Inc. (NASDAQ: PI) announced Brian Wong as its new Chief Product Officer, effective May 10, 2021. Wong has over 35 years in technology and will lead the company's product organization, focusing on advancing Impinj's platform and the global partner ecosystem. His prior experience includes serving as CEO for multiple companies and expertise in emerging technologies such as RAIN RFID and IoT. CEO Chris Diorio expressed confidence in Wong's ability to enhance Impinj's operations and growth.
Impinj (NASDAQ: PI) reported strong first-quarter 2021 results, achieving revenue of $45.2 million, exceeding guidance. The company noted a GAAP gross margin of 48.6% and a non-GAAP gross margin of 50.3%. While there was a net loss of $9.4 million (or $0.40 per diluted share), adjusted EBITDA was positive at $0.9 million. The company indicated robust demand and growth opportunities moving forward, having also secured a record bookings quarter.
Impinj (NASDAQ: PI) will announce its financial results for Q1 2021 on April 28, 2021, post-market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results and the outlook for Q2 2021. Investors can participate by calling +1-412-317-5196 or accessing the webcast on the company's website. Replay options will be available for one hour after the call. Impinj continues its commitment to investor communication via various channels, ensuring widespread information dissemination regarding its operations and performance.
Impinj, a leader in RAIN RFID technology, announced the appointment of Steve Sanghi to its board of directors. Sanghi, a highly experienced executive with a long tenure as CEO and chairman of Microchip Technology, brings strategic insight and operational expertise to the role. Impinj Board Chair Peter van Oppen expressed enthusiasm for Sanghi's wealth of knowledge and leadership skills. Sanghi aims to leverage Impinj's growth potential in the Internet of Things market, emphasizing the company’s strong management and culture.
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