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Impinj Inc - PI STOCK NEWS

Welcome to our dedicated news page for Impinj (Ticker: PI), a resource for investors and traders seeking the latest updates and insights on Impinj.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Impinj's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Impinj's position in the market.

Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) settles patent disputes with NXP Semiconductors N.V., receiving an up-front payment and annual license fee. The agreement ends all legal proceedings, releases liability for past patent infringement, and licenses patents to each other. Resellers and end users are also released from infringement claims. Impinj's CEO emphasizes the importance of safeguarding their patents and promoting innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.79%
Tags
none
-
Rhea-AI Summary
Impinj, Inc. (PI) reported solid growth in 2023, with annual revenue crossing the $300 million threshold for the first time. The company delivered four quarters of positive adjusted EBITDA, defended its intellectual property, and introduced new products. The fourth quarter 2023 saw a revenue of $70.7 million, with a GAAP gross margin of 47.9% and a net loss of $15.2 million. For the full year 2023, revenue reached $307.5 million, with a GAAP gross margin of 49.4% and a net loss of $43.4 million. Impinj also provided a first quarter 2024 financial outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
Tags
earnings
-
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) expects fourth-quarter 2023 revenue to exceed $70 million, above prior guidance of $65.5 to $68.5 million, and adjusted EBITDA to exceed $2.5 million, above prior guidance of ($0.9) to $0.7 million. CEO and CFO will participate in a fireside chat at the 26th Annual Needham Growth Conference on January 17, 2024. Earnings conference call details and webcast information are also provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.4%
Tags
none
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) Unveils Impinj R720 RAIN RFID Reader, Enhancing Edge Processing for Large-Scale Enterprise Deployments
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
none
-
Rhea-AI Summary
Impinj CFO, Cary Baker, will participate in a fireside chat at the Baird 2023 Global Industrial Conference on November 9, 2023. The chat will be available on the Impinj website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.96%
Tags
conferences
-
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) released its financial results for Q3 2023, reporting solid revenue of $65.0 million and exceeding profitability expectations. The company remains optimistic for the future despite macroeconomic pressures and sees early signs of retail demand improvement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
23.87%
Tags
earnings
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) will release financial results for its Q3 2023 on October 25, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.76%
Tags
earnings
-
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) announces participation in upcoming conferences. Chris Diorio, Impinj co-founder and CEO, and Cary Baker, Impinj CFO, will participate in fireside chats at Canaccord Genuity 43rd Annual Growth Conference, Goldman Sachs Communacopia and Technology Conference, and Piper Sandler Growth Frontiers Conference. Live webcasts and replays will be available on the Impinj website at investor.impinj.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
Tags
conferences
-
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) Reports Record Second Quarter Revenue Despite Weak Endpoint IC Revenue. Financial results for Q2 2023 show revenue of $86.0 million, with strong systems revenue offsetting weak endpoint IC revenue from retail apparel inventory destocking. GAAP gross margin was 51.0%, and non-GAAP gross margin was 53.3%. Impinj expects ongoing headwinds associated with apparel inventory destocking and weakness in the overall retail macroenvironment to more-than-offset strength in enterprise solutions opportunities in Q3.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.95%
Tags
earnings
Rhea-AI Summary
Impinj, Inc. (NASDAQ: PI) releases new M800 series RAIN RFID tag chips to improve readability, reliability, and manufacturability for global IoT deployments. The new chips offer enhanced features to help enterprises read the right tag at the right time, leading to improved performance in retail, supply chain, and logistics operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
Impinj Inc

Nasdaq:PI

PI Rankings

PI Stock Data

3.49B
21.83M
4.28%
105.52%
12%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
Seattle

About PI

impinj (nasdaq: pi) is a leading provider of rain rfid solutions. the impinj platform connects billions of everyday items such as apparel, medical supplies, automobile parts, drivers’ licenses, food and luggage to applications such as inventory management, patient safety, asset tracking and item authentication, delivering real-time information to businesses about items they create, manage, transport and sell. the impinj platform wirelessly delivers information about these items’ unique identity, location and authenticity, or item intelligence™, to the digital world, which impinj believes is the essence of the internet of things.