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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. (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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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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Impinj, a leader in RAIN RFID solutions, reported strong financial results for Q1 2023, with record revenue of $85.9 million. The company achieved a GAAP gross margin of 50.7% and a non-GAAP gross margin of 52.4%. Despite a GAAP net loss of $4.4 million (loss of $(0.17) per share), non-GAAP net income was $8.7 million, translating to $0.30 per diluted share. Adjusted EBITDA stood at $8.6 million. CEO Chris Diorio expressed confidence in the company's backlog and overall market growth potential. The outlook for Q2 2023 reflects the company’s commitment to leverage its platform solutions amidst changing market dynamics.

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Impinj, Inc. (NASDAQ: PI) will release its financial results for the first quarter ended March 31, 2023, after U.S. markets close on April 26, 2023. A conference call and webcast will be held at 5:00 p.m. ET to discuss the results and provide a second-quarter 2023 outlook. Interested parties can dial +1-412-317-5196 to listen, with a live webcast available on the company’s website. Written remarks and quarterly financial data will also be accessible on the same date. Impinj employs various channels for public communication, ensuring wide dissemination of material information. The company specializes in RAIN RFID technology, linking billions of items to the Internet, enhancing data accessibility for businesses.

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Impinj, Inc. (NASDAQ: PI) has announced that Miron Washington will join its board of directors starting April 2, 2023. Washington brings over 25 years of experience in B2C/B2B ecommerce, global supply chain operations, and digital transformation, expected to aid Impinj in its growth phase. The board chair, Steve Sanghi, noted Washington's extensive background will support the company in enhancing operational efficiency and customer experience. Washington is currently the chief digital officer at Parts Town and previously held executive roles at major companies including Home Depot and Amazon.

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Impinj, Inc. (NASDAQ: PI) reported financial results for Q4 and the full year 2022, highlighting a robust performance. Q4 revenue reached $76.6 million, with a GAAP gross margin of 52.4% and adjusted EBITDA of $11.8 million. The company noted a minimal GAAP net loss of $0.1 million. For the full year, Impinj's revenue was $257.8 million, with a GAAP net loss of $24.3 million. Non-GAAP net income stood at $26.3 million, or $0.96 per diluted share. The company is optimistic about growth opportunities as it heads into 2023, although guidance for Q1 2023 remains cautious based on prevailing market conditions.

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Impinj, Inc. (NASDAQ: PI) has updated its fourth-quarter 2022 revenue expectation to exceed $76 million, surpassing prior guidance of $71.5 million to $73.5 million. This announcement signals a positive outlook for the company. CFO Cary Baker will participate in a fireside chat at the 25th Annual Needham Growth Conference on January 11, 2023.

The company’s fourth-quarter financial results will be disclosed on February 8, 2023, and a conference call will follow to discuss the results and first-quarter outlook.

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FAQ

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

The current stock price of Impinj (PI) is $204.395 as of November 8, 2024.

What is the market cap of Impinj (PI)?

The market cap of Impinj (PI) is approximately 5.7B.

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

5.74B
28.29M
4.14%
105.25%
13.87%
Communication Equipment
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