Welcome to our dedicated page for Impinj news (Ticker: PI), a resource for investors and traders seeking the latest updates and insights on Impinj stock.
Overview
Impinj Inc is a distinguished technology company providing advanced RFID solutions, powered by robust wireless connectivity and integrated into the fabric of the Internet of Things. The company is known for its innovative platform that seamlessly transforms everyday items into digitally trackable, authentic assets, connecting them to sophisticated applications in inventory management, asset tracking, patient safety, and more. By leveraging industry-specific technologies, Impinj illustrates a comprehensive approach to bridging the physical and digital worlds, thereby simplifying complex supply chain and operational challenges across multiple industries.
Core Technology and Platform Components
The cornerstone of Impinj's operations lies in its integrated platform, which includes specialized endpoint integrated circuits (ICs) that are designed to be affixed to physical items. These ICs, often described as miniature radios-on-a-chip, impart a unique digital identity to each object. The platform also comprises a connectivity layer that features readers, gateways, and reader ICs designed to wirelessly interact with endpoint ICs. This integrated approach facilitates the extraction of real-time information regarding identity, location, and authenticity of products, thus ensuring the continuous flow of data between the physical and digital realms.
Market Applications and Industry Impact
Impinj's technology finds applications in a diverse array of industries. In retail and inventory management, the platform is crucial for item authentication and effective asset tracking. In healthcare, it supports stringent safety measures and efficient management of medical supplies, while in logistics, it ensures the secure and transparent movement of goods. The flexibility and scalability of the platform enable businesses to gain deeper insights into their operational processes, optimizing workflows and contributing significantly to operational efficiency.
Global Presence and Industry Position
Operating on a global scale, Impinj has established its presence across the Americas, Asia Pacific, Europe, the Middle East, and Africa. A substantial portion of its operations and market activity is concentrated within the Asia Pacific region, which plays a pivotal role in the company’s global strategy. This geographical diversity allows Impinj to cater to a wide variety of market demands while adapting its offerings to meet the needs of distinct industrial sectors worldwide.
Competitive Landscape and Strategic Differentiation
In a competitive industry marked by rapid technological evolution, Impinj distinguishes itself through its comprehensive platform and commitment to engineering excellence. Rather than relying on standalone products, the company’s integrated solution—spanning both ICs and connectivity devices—enables a seamless data communication process that is critical for the functioning of modern supply chains and digital operations. This differentiation is complemented by a strategic focus on secure, reliable communications and the capacity to integrate with multiple industrial applications, setting the stage for enduring innovations in asset intelligence.
RFID and Internet of Things Integration
At the heart of Impinj's operations is its innovative use of RFID technology within the broader context of the Internet of Things (IoT). The company’s approach to wireless connectivity not only facilitates immediate, real-time data exchange but also underpins a transformative shift towards a more connected, data-driven operational model. By transmitting critical item intelligence, the platform effectively bridges the gap between tangible physical objects and digital data, a capability that enhances visibility and operational control in various sectors.
Customer Applications and Use Cases
Impinj's solutions are designed to address real-world challenges faced by businesses engaged in the creation, management, transportation, and retailing of goods. For example, in supply chain management, the technology assists in maintaining precise inventories and tracking product movements, thereby reducing errors and inefficiencies. In the realm of patient safety, it offers a layer of authentication that is essential for managing medical supplies and ensuring that the right items are used in the right context. The flexibility of its platform means that it can be tailored to a wide range of operational environments, enhancing its utility across various industries.
Commitment to Innovation and Reliability
Impinj’s commitment to continual innovation is evident in its ongoing enhancements to both its hardware and software components. The company invests significantly in the development of more efficient ICs and robust connectivity solutions that are designed to stand up to the challenges of varied operational environments. This focus on reliability and durability ensures that the technology remains resilient, even as market demands become increasingly complex. In doing so, Impinj underpins its reputation for delivering technologies that are both pioneering and practical, offering tangible benefits for an array of industrial applications.
Integration of Advanced Technologies
Beyond its core offerings, Impinj continues to explore the integration of ancillary technologies that complement its RFID platform. By aligning its solutions with broader trends in digital transformation, the company leverages advanced analytics and secure communication protocols to offer more refined insights and actionable data to its users. This multidimensional approach not only augments existing capabilities but also positions the platform as a critical component of modern, digitally enabled organizational infrastructures.
User-Centric Platform Design
The design of the Impinj platform is user-centric, emphasizing ease of integration and operational simplicity. Businesses adopting the technology can benefit from a streamlined process that requires minimal disruption to existing workflows. This adaptability is underpinned by a coherent, scalable infrastructure that supports both small-scale implementations and extensive enterprise deployments. The focus on usability as well as technical performance means that the solutions offered are accessible to a wide range of customers, from supply chain managers to technical integrators.
Overall, Impinj Inc stands as a critical enabler in the realm of wireless, RFID-driven connectivity. Its blend of advanced hardware, comprehensive connectivity layers, and extensive application use cases solidifies its role as an essential technology partner for enterprises aiming to harness the full potential of item intelligence in a digitally connected world.
Impinj (NASDAQ: PI) has released its Q4 and full-year 2024 financial results. For Q4 2024, the company reported revenue of $91.6 million, with a GAAP gross margin of 50.5% and non-GAAP gross margin of 53.1%. The quarter saw a GAAP net loss of $2.7 million ($0.09 per diluted share), while non-GAAP net income was $14.5 million ($0.48 per diluted share).
For full-year 2024, Impinj achieved revenue of $366.1 million, with GAAP gross margin of 51.6% and non-GAAP gross margin of 54.0%. The company reported GAAP net income of $40.8 million ($1.39 per diluted share) and non-GAAP net income of $62.9 million ($2.11 per diluted share). The company noted successful resolution of patent litigation and delivery of market-leading products, while warning of first-quarter headwinds ahead.
Impinj (NASDAQ: PI) has reaffirmed its fourth-quarter 2024 guidance, expecting revenue between $91.0 to $94.0 million and adjusted EBITDA between $13.6 to $15.1 million. The RAIN RFID provider announced that CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat at the 27th Annual Needham Growth Conference on January 15, 2025.
The company will release its Q4 and full-year 2024 financial results after U.S. markets close on February 5, 2025, followed by a conference call and webcast at 5:00 p.m. ET to discuss results and Q1 2025 outlook. Management's prepared remarks, quarterly financial data, and financial results will be available on the company's investor website.
Guerrilla RF announced that its GRF5509 4-watt power amplifier has been selected by Impinj for their enterprise-grade RAIN RFID reader module reference design. The GRF5509 enhances read range and readability of RAIN RFID tags, enabling efficient market entry and development of new readers based on Impinj’s leading E family reader ICs. The amplifier delivers up to 2 watts of linear power, meeting stringent spectral mask requirements. It features a flexible biasing architecture, operating within the 700 to 1000 MHz range, with specific tuning for 866 MHz to 928 MHz bands. The GRF5509 achieves 38 dB gain, 36 dBm OP1dB, and 46 dBm OIP3 linearity, and is packaged in a compact 3 x 3 mm QFN-16 package. The RAIN Market Research Report predicts a 25.1% CAGR in tag IC shipments up to 2028, driven by supply chain upgrades and sustainable solutions. Samples and evaluation boards are available, with prices starting at $1.97 (10,000-up, EXW USA).
Impinj (NASDAQ: PI) released its Supply Chain Integrity Outlook 2025 report based on a survey of 1,000 US supply chain managers. The report reveals a significant data accuracy gap in supply chains. Although 91% of managers believe they are equipped for accurate visibility, only 33% achieve real-time inventory accuracy.
This gap affects their ability to tackle key challenges such as counterfeit goods (65% report issues), shrink and theft (60% in retail, 82% in food sectors), and misloads and delivery errors (74% in logistics). Additionally, over half (52%) struggle with rapid demand peaks driven by social media trends, and nearly half (47%) face issues due to changes in customer demand.
Data inaccuracy also hinders effective AI implementation in supply chains, with 43% citing it as a top challenge. Sustainability is another concern, with 27% struggling to reduce environmental impact and 25% facing difficulties meeting ESG regulations.
Impinj highlights the need for advanced technologies to improve data accuracy, security, and sustainability in supply chains.
Impinj (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, has announced its participation in two upcoming investor conferences. At the Baird 2024 Global Industrial Conference on November 13, 2024, CFO Cary Baker and COO Hussein Mecklai will join a fireside chat at 5:05 p.m. ET. At the UBS Global Technology and AI Conference on December 4, 2024, co-founder and CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat at 3:35 p.m. ET. Both sessions will be available via live audio webcasts and replays on the company's investor website.
Impinj (NASDAQ: PI) reported strong Q3 2024 financial results, exceeding guidance with revenue of $95.2 million and a GAAP gross margin of 50.0%. The company achieved GAAP net income of $0.2 million ($0.01 per diluted share) and non-GAAP net income of $16.9 million ($0.56 per diluted share). The quarter demonstrated strong operational leverage, with Adjusted EBITDA reaching $17.3 million. The non-GAAP gross margin stood at 52.4%.
Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, has announced the release of its third-quarter 2024 financial results on Wednesday, October 23, 2024, after U.S. markets close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT to discuss the results and provide a fourth-quarter 2024 outlook.
Interested parties can join the call by dialing +1-412-317-1863 or access the live webcast on the company's investor website. A telephonic replay will be available for five business days after the call. Impinj will make management's prepared remarks, quarterly financial data, and the financial-results press release available on their investor website on the same day.
Impinj (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, has announced its participation in two upcoming investor conferences. Cary Baker, Impinj CFO, will participate in a fireside chat at the Piper Sandler Growth Frontiers Conference on September 10, 2024, at 3:00 p.m. ET. The following day, Chris Diorio, Impinj co-founder and CEO, along with Cary Baker, will take part in a fireside chat at the Goldman Sachs Communacopia and Technology Conference at 1:50 p.m. ET.
Both events will be accessible via live audio webcasts and replays on the Impinj website at investor.impinj.com, providing investors with opportunities to gain insights into the company's strategies and performance.
Urovo, a global leader in Automatic Identification and Data Capture (AIDC), has been recognized as an Impinj Gold Partner. This partnership highlights their collaboration in advancing RFID technology. Impinj, known for its high-performance RAIN RFID chips, provides the foundation for Urovo's RFID solutions.
Urovo's extensive RFID portfolio includes handheld RFID mobile computers, sleds, fixed readers, and printers. The DT50P handheld reader, powered by Impinj's E710 chip, offers a 15-meter reading range. The RFDT50 sled can read up to 1,000 tags per second. Fixed readers like the FR1000 and FR2000 cater to warehouse and retail environments respectively.
This partnership is expected to drive advancements in RFID technology and accelerate its adoption across various industries, improving business efficiency.
Impinj (NASDAQ: PI), a leading RAIN RFID provider, has announced key executive promotions and an expanded leadership team to drive continued growth. Gahan Richardson has been promoted to executive vice president, joining the executive leadership team to oversee product roadmap and market development. Alberto Pesavento, chief technology officer, has been added to the executive leadership team, while Christina Balam has been promoted to senior vice president of human resources.
These changes reflect the company's focus on strengthening its market position and executing its strategy in the RAIN RFID market. CEO Chris Diorio emphasized the importance of culture and execution across solutions and systems to drive Impinj endpoint IC adoption. The expanded leadership team aims to capitalize on increasing market strength driven by enterprises' need for improved efficiencies and customer experiences.
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