Impinj Inc Stock Price, News & Analysis

Impinj, Inc. (NASDAQ: PI) announces the appointment of Christina Balam as vice president of human resources. Balam brings over 15 years of HR experience, having previously led HR at NetMotion Software, where she significantly improved culture and retention. Impinj aims to enhance workplace culture with a focus on talent acquisition and employee satisfaction, leveraging Balam's expertise to strengthen its HR organization. Her leadership is expected to support global scaling and attract top talent, ensuring a thriving environment for employees.

SEATTLE--(BUSINESS WIRE)--Impinj, a leader in RAIN RFID and IoT technology, announced that CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 7:45 p.m. ET. The event will be accessible via a live audio webcast on the Impinj website, allowing stakeholders to engage with the insights shared during the discussion.

Impinj, Inc. (NASDAQ: PI) has joined the DoseID Consortium to enhance RAIN RFID applications in healthcare. This collaboration aims to set industry standards for RAIN RFID, allowing healthcare providers to improve patient care, reduce costs, and boost efficiency by automating inventory and asset management. Impinj's solutions focus on ensuring compliance and safety within healthcare environments. The partnership is expected to advance the use of RFID in tracking medical supplies and improving operational outcomes.

Impinj, Inc. (NASDAQ: PI) reported strong financial results for Q4 and the full year 2021, with record bookings and revenue. Q4 revenue reached $52.6 million, with a GAAP gross margin of 55.5% and adjusted EBITDA of $5.3 million. For the full year, revenue totaled $190.3 million with a GAAP net loss of $51.3 million. Non-GAAP net income for the year was $6.4 million, or $0.25 per diluted share, highlighting a solid operational performance despite overall losses.

Impinj, Inc. (NASDAQ: PI) has announced leadership changes, appointing Steve Sanghi as Board Chair after Peter van Oppen's term ends. Van Oppen will not seek reelection after eight years of service. Meera Rao has been added to the board, bringing over 25 years of experience in the semiconductor industry. Rao expressed her enthusiasm for joining Impinj during a crucial growth phase. Board Member Theresa Wise will also not seek reelection, reducing the board size to seven members. CEO Chris Diorio praised the contributions of the outgoing members.

Impinj, Inc. (NASDAQ: PI) has promoted Hussein Mecklai to chief operating officer, responsible for engineering and operations. Joining Impinj in 2018, Mecklai has over 20 years of experience, previously serving at Intel. His leadership has enhanced product performance and integration at Impinj, which focuses on RAIN RFID technology. Mecklai emphasized the potential for increased adoption of RAIN RFID in retail and logistics, aiming to connect billions of items to the Internet. Impinj's mission is to deliver timely data for a boundless Internet of Things.

Impinj, Inc. (NASDAQ: PI) has announced that its fourth-quarter 2021 revenue is expected to exceed $52 million, surpassing previous guidance of $46.0 – $48.0 million. This positive outlook signals strong performance in the RAIN RFID sector. Additionally, CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat at the Needham Virtual Growth Conference on January 11, 2022. Financial results for the fourth quarter and full year are set to be released on February 9, 2022, after market close.

Impinj, Inc. (NASDAQ: PI), a leader in RAIN RFID and IoT, announced that CFO Cary Baker will participate in a fireside chat at the Raymond James Technology Investors Conference on December 7, 2021, at 3:10 p.m. ET. A live audio webcast will be available on Impinj's website, with an archived version for 90 days post-event. Impinj connects billions of everyday items to the Internet, providing timely data for business applications.

Impinj, Inc. (NASDAQ: PI) has priced a private offering of $250 million in Convertible Senior Notes due 2027, increasing from an initial $225 million. The offering is expected to close on November 5, 2021, with net proceeds of about $241.9 million. The notes carry a 1.125% interest rate and are convertible at an initial price of approximately $111.04 per share. Impinj plans to use around $184.2 million from the proceeds to repurchase outstanding 2.00% convertible senior notes due 2026. The offering will bolster its financial structure and support general corporate purposes.