Impinj Inc Stock Price, News & Analysis

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.

Impinj (NASDAQ: PI), a leading RAIN RFID provider, reported strong second-quarter 2024 financial results, surpassing guidance. Key highlights include:

- Revenue reached $102.5 million, exceeding $100 million for the first time
- GAAP net income of $10.0 million, or $0.34 per diluted share
- Non-GAAP net income of $25.3 million, or $0.83 per diluted share
- Adjusted EBITDA of $26.8 million
- Free cash flow topped $40 million

The company reported a GAAP gross margin of 56.1% and a non-GAAP gross margin of 58.2%. CEO Chris Diorio expressed confidence in Impinj's market position and future opportunities as they continue to pursue their vision of connecting every item in the everyday world.

Impinj (NASDAQ: PI), a leading provider in RAIN RFID and Internet of Things (IoT) technology, will announce its second-quarter 2024 financial results on July 24, 2024, after the U.S. markets close. The company will host a conference call and webcast at 5:00 p.m. ET / 2:00 p.m. PT on the same day to discuss the results and provide a third-quarter 2024 outlook. The call can be accessed by dialing +1-412-317-1863, and a replay will be available for five business days at +1-412-317-0088 with passcode 2945814. Financial data and the press release will be available on the Impinj investor website.

Impinj (NASDAQ: PI), a leading RAIN RFID provider and IoT pioneer, announced that its CFO, Cary Baker, will participate in a fireside chat at the Baird 2024 Global Consumer, Technology & Services Conference.

This event will take place on Tuesday, June 4, 2024, at 4:55 p.m. ET / 1:55 p.m. PT. A live audio webcast and a replay of this session will be accessible via the Impinj website at investor.impinj.com.