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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) 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%
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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%
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none
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Rhea-AI Summary
Impinj, Inc. has won two patent-infringement lawsuits against NXP Semiconductors. The jury awarded Impinj $18.5M in damages and lost profits. Impinj's CEO expressed disappointment in NXP's infringement and emphasized the company's commitment to protecting its inventions. The outcome is not expected to have a material impact on ongoing or new RAIN RFID programs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
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none
Rhea-AI Summary
Impinj, Inc. will release its second-quarter financial results on July 26, 2023. A conference call and webcast will be held to discuss the results and third-quarter outlook.
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Rhea-AI Sentiment
End-of-Day
0.2%
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Rhea-AI Sentiment
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-0.1%
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conferences
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Rhea-AI Summary
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Rhea-AI Sentiment
End-of-Day
1.1%
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none
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-39.06%
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Rhea-AI Summary
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Rhea-AI Summary
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Rhea-AI Sentiment
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-2.31%
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management
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Rhea-AI Sentiment
End-of-Day
0.34%
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Impinj Inc

Nasdaq:PI

PI Rankings

PI Stock Data

3.26B
21.92M
4.14%
105.48%
12.26%
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.