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) anticipates fourth-quarter 2020 revenue exceeding $36 million, surpassing its prior guidance of $26.5 - 28.5 million. The announcement was made ahead of the Needham Virtual Growth Conference, where CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat on January 13, 2021. Impinj will release its fourth-quarter and year-end financial results on February 10, 2021, followed by a conference call at 5:00 p.m. ET. The press release includes forward-looking statements about revenue estimates, subject to risks and uncertainties.
Impinj, Inc. (NASDAQ: PI) has announced the appointment of Umesh Padval to its board of directors. Padval brings extensive experience in high-growth technology companies, having worked as a venture partner at Thomvest Ventures and as an executive vice president at LSI. His background includes board roles at multiple growth-stage tech firms, contributing to Impinj's strategic vision. His expertise in technology and venture capital is expected to enhance the board's capabilities. Impinj continues to focus on connecting everyday items to the Internet via its RAIN RFID platform.
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.