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Impinj, Inc. - PI STOCK NEWS

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. (NASDAQ: PI) is a pioneering company in the field of RAIN RFID solutions, connecting billions of everyday items to the digital world. Known for its advanced platform, Impinj seamlessly integrates endpoint integrated circuits (ICs) and connectivity layers to deliver real-time information about an item's identity, location, and authenticity. This technology, termed item intelligence™, plays a crucial role in applications such as inventory management, patient safety, asset tracking, and item authentication.

The Impinj platform includes miniature radios-on-a-chip that attach to various items, and a connectivity layer comprising readers, gateways, and reader ICs. These components work together to wirelessly identify, locate, authenticate, and engage with endpoint ICs, providing essential data to businesses and consumers.

With a strong presence across the Americas, Asia Pacific, Europe, the Middle East, and Africa, Impinj derives significant revenue from its operations in the Asia Pacific region. The company's solutions empower industries by ensuring efficient tracking and management of items such as apparel, medical supplies, automobile parts, and even food and luggage.

Recent achievements include advancements in their RAIN RFID technology, expanding partnerships with key industry players, and ongoing projects aimed at enhancing the scalability and efficiency of their platform. Impinj's commitment to innovation makes it a significant player in the Internet of Things (IoT) landscape, continually pushing the boundaries of what is possible with RFID technology.

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Impinj, Inc. (PI) reported solid growth in 2023, with annual revenue crossing the $300 million threshold for the first time. The company delivered four quarters of positive adjusted EBITDA, defended its intellectual property, and introduced new products. The fourth quarter 2023 saw a revenue of $70.7 million, with a GAAP gross margin of 47.9% and a net loss of $15.2 million. For the full year 2023, revenue reached $307.5 million, with a GAAP gross margin of 49.4% and a net loss of $43.4 million. Impinj also provided a first quarter 2024 financial outlook.
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Impinj, Inc. (NASDAQ: PI) expects fourth-quarter 2023 revenue to exceed $70 million, above prior guidance of $65.5 to $68.5 million, and adjusted EBITDA to exceed $2.5 million, above prior guidance of ($0.9) to $0.7 million. CEO and CFO will participate in a fireside chat at the 26th Annual Needham Growth Conference on January 17, 2024. Earnings conference call details and webcast information are also provided.
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Impinj, Inc. (NASDAQ: PI) Unveils Impinj R720 RAIN RFID Reader, Enhancing Edge Processing for Large-Scale Enterprise Deployments
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Impinj CFO, Cary Baker, will participate in a fireside chat at the Baird 2023 Global Industrial Conference on November 9, 2023. The chat will be available on the Impinj website.
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Impinj, Inc. (NASDAQ: PI) released its financial results for Q3 2023, reporting solid revenue of $65.0 million and exceeding profitability expectations. The company remains optimistic for the future despite macroeconomic pressures and sees early signs of retail demand improvement.
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Impinj, Inc. (NASDAQ: PI) will release financial results for its Q3 2023 on October 25, 2023.
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Impinj, Inc. (NASDAQ: PI) announces participation in upcoming conferences. Chris Diorio, Impinj co-founder and CEO, and Cary Baker, Impinj CFO, will participate in fireside chats at Canaccord Genuity 43rd Annual Growth Conference, Goldman Sachs Communacopia and Technology Conference, and Piper Sandler Growth Frontiers Conference. Live webcasts and replays will be available on the Impinj website at investor.impinj.com.
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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.
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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.
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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.
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FAQ

What is the current stock price of Impinj (PI)?

The current stock price of Impinj (PI) is $218.34 as of October 4, 2024.

What is the market cap of Impinj (PI)?

The market cap of Impinj (PI) is approximately 6.1B.

What does Impinj, Inc. specialize in?

Impinj, Inc. specializes in RAIN RFID solutions that connect everyday items to digital applications, providing real-time data on identity, location, and authenticity.

What is RAIN RFID?

RAIN RFID is a wireless technology that uses radio waves to identify, locate, and authenticate items, providing crucial data for various applications like inventory management and asset tracking.

What are some applications of the Impinj platform?

The Impinj platform is used in inventory management, patient safety, asset tracking, and item authentication across industries such as retail, healthcare, and logistics.

How does Impinj's technology work?

Impinj's technology integrates endpoint ICs and connectivity layers, including readers and gateways, to wirelessly communicate item intelligence™ such as identity, location, and authenticity.

In which regions does Impinj operate?

Impinj operates globally, with a significant presence in the Americas, Asia Pacific, Europe, the Middle East, and Africa, particularly deriving key revenue from Asia Pacific.

What recent achievements has Impinj made?

Recent achievements include advancements in RAIN RFID technology, expanding partnerships, and projects aimed at enhancing the scalability and efficiency of their platform.

What is item intelligence™?

Item intelligence™ refers to the data provided by Impinj's platform, including an item's unique identity, location, and authenticity, crucial for various business and consumer applications.

Who benefits from Impinj's RFID solutions?

Businesses across industries such as retail, healthcare, and logistics benefit from Impinj's RFID solutions, gaining real-time insights for better inventory management and asset tracking.

What are endpoint integrated circuits (ICs)?

Endpoint integrated circuits (ICs) are miniature radios-on-a-chip that attach to items, enabling wireless identification, location, and data communication with the Impinj platform.

How does Impinj contribute to the Internet of Things (IoT)?

Impinj contributes to IoT by providing item intelligence™ through its RAIN RFID solutions, connecting everyday items to digital applications and enhancing real-time data accessibility.

Impinj, Inc.

Nasdaq:PI

PI Rankings

PI Stock Data

6.09B
28.12M
4.15%
100.51%
9.48%
Communication Equipment
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