Impinj, Inc. reports developments tied to its RAIN RFID platform, which connects everyday items by delivering item identity, location and authenticity data to business and consumer applications. Company updates frequently cover endpoint integrated circuits, readers, gateways and reader ICs used to identify and communicate with tagged items.
Recurring news themes include quarterly financial results, guidance, endpoint IC demand, product and technology updates such as Gen2X, licensing activity, supply-chain visibility research and capital-structure disclosures. The company also reports conference participation and public communications related to operating performance and market outlook.
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.
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.
Impinj (NASDAQ: PI) announced that CFO Cary Baker will participate in a fireside chat at the Susquehanna Semiconductor Showcase on December 13, 2022, at 2:00 p.m. ET. This event will be accessible via a live audio webcast on the Impinj website. Impinj is a leader in RAIN RFID technology, enabling businesses to connect billions of everyday items to the Internet, enhancing data availability for innovative applications.
Madrona awarded the 15th Annual Madrona Prize to the University of Washington’s Paul G. Allen School for their innovative VOCAL system, which extracts semantic information from unlabeled data. Ph.D. students Maureen Daum, Enhao Zhang, and Dong He developed sub-projects that won the prize. Runners-up included ClearBuds for real-time speech enhancement and tools for non-experts to create statistical models. Madrona has funded 21 companies from the University, including Impinj (NASDAQ: PI) and A-Alpha Bio, demonstrating a strong commitment to fostering technology innovation in the region.
Impinj, Inc. (NASDAQ: PI) has launched the M780 and M781 RAIN RFID tag chips, designed to enhance product management across various industries, including automotive, pharmaceuticals, and food. These chips feature significant memory capacity, enabling compliance with industry standards and efficient shelf-life management. With a 50% increase in read range over prior models, they improve accuracy and reliability. The Impinj Core3D Antenna reference-design portfolio also simplifies tag development. These advancements align with Impinj's goal of driving digital transformation and supporting a seamless Internet of Things.
SEATTLE--(BUSINESS WIRE)--Impinj (NASDAQ: PI), a leader in RAIN RFID technology, announced that CFO Cary Baker will participate in a fireside chat at the Baird 2022 Global Industrial Conference on Thursday, November 10, 2022, at 2:10 p.m. ET. The discussion will focus on Impinj's innovative RFID solutions that connect everyday items to the Internet. A live audio webcast of the event will be available on the Impinj investor relations website.
Impinj's platform enhances data connectivity for businesses, enabling a smarter Internet of Things.
Impinj, Inc. (NASDAQ: PI) reported its financial results for Q3 2022, achieving a record revenue of $68.3 million. The company noted a GAAP gross margin of 54.8% and a non-GAAP gross margin of 56.9%. A GAAP net loss of $2.2 million was recorded, equating to a loss of $(0.09) per diluted share. In contrast, the non-GAAP net income was $9.3 million, or $0.34 per diluted share. Looking forward, Impinj anticipates strong demand into 2023, driven by a record backlog and robust market conditions.
Impinj, Inc. (NASDAQ: PI) will release its third-quarter financial results for the period ending September 30, 2022, after U.S. market close on October 26, 2022. A conference call will follow at 5:00 p.m. ET, discussing Q3 results and Q4 outlook. Interested parties can participate via phone or a live webcast on the company’s investor relations website. The company emphasizes broad communication through its website and social media for material information distribution.
Impinj, Inc. (NASDAQ: PI) has launched the Impinj Authenticity solution engine, designed for real-time, high-volume product authentication to combat counterfeiting and secure supply chains. This innovative system utilizes cryptographic methods to ensure the authenticity of items like retail products and automotive parts. The solution aims to assist brands in protecting their products, addressing the $464 billion counterfeiting problem reported by the OECD. Its scalability allows integration across various stages of the supply chain, providing a robust defense against counterfeit goods.
Impinj, Inc. (NASDAQ: PI) has announced its participation in several upcoming conferences. Notable events include the Oppenheimer 25th Annual Technology Conference on August 9, 2022, featuring CFO Cary Baker, and the Canaccord Genuity 42nd Annual Growth Conference on August 11, 2022, with CEO Chris Diorio. Additional appearances are scheduled for the Piper Sandler Growth Frontiers Conference on September 13, 2022, and the Goldman Sachs Communacopia and Technology Conference on September 14, 2022. Live webcasts of these presentations will be available on Impinj's investor website.