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.
Impinj, Inc. reports developments tied to its RAIN RFID platform, which connects everyday items by delivering item identity, location and authenticity data to business and consumer applications. Company updates frequently cover endpoint integrated circuits, readers, gateways and reader ICs used to identify and communicate with tagged items.
Recurring news themes include quarterly financial results, guidance, endpoint IC demand, product and technology updates such as Gen2X, licensing activity, supply-chain visibility research and capital-structure disclosures. The company also reports conference participation and public communications related to operating performance and market outlook.
Impinj, Inc. (NASDAQ: PI) reported third-quarter 2020 revenue of $28.2 million, showing a sequential improvement attributed to increased retail-apparel volumes. The company reported a GAAP gross margin of 47.4% and a non-GAAP gross margin of 50.1%. However, it experienced a GAAP net loss of $14.3 million, equating to a loss of $0.63 per diluted share. Adjusted EBITDA also reflected a loss of $6.2 million. The company has provided cautious guidance for Q4 2020, noting that actual results may vary significantly.
Impinj, Inc. (NASDAQ: PI) will release its third quarter financial results on October 28, 2020, after the U.S. market closes. A conference call for analysts and investors is scheduled for 5:00 p.m. ET, where the company will discuss the results and provide an outlook for Q4 2020. Interested parties can join by phone or through a webcast on the company’s investor relations website. The company emphasizes its commitment to transparent communication through various channels, including social media and its website.