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Stock impact report

Impinj Reports Third Quarter 2024 Financial Results

Impinj, Inc. (PI) 
Last impinj, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.impinj.com
Company Research Source: Business Wire
SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the third quarter ended September 30, 2024.“Our third-quarter results were strong, with revenue and profitability well above our guidance,” said Chris Diorio, Impinj co-founder and CEO. “These results again demonstrate the leverage in our operating model. As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead.”Third Quarter 2024 Financial SummaryRevenue of $95.2 millionGAAP gross margin of 50.0%; non-GAAP gross margin of 52.4%GAAP net income of $0.2 million, or income of $0.01 per diluted share using 29.7 million sharesAdjusted EBITDA of $17.3 millionNon-GAAP net income of $16.9 million, or income of $0.56 per diluted share using 32.3 million sharesA reconciliation between GAAP and non-GAAP information is contained in Show less Read more
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