Impinj Inc Stock Price, News & Analysis

Impinj (NASDAQ: PI) reported strong first-quarter 2021 results, achieving revenue of $45.2 million, exceeding guidance. The company noted a GAAP gross margin of 48.6% and a non-GAAP gross margin of 50.3%. While there was a net loss of $9.4 million (or $0.40 per diluted share), adjusted EBITDA was positive at $0.9 million. The company indicated robust demand and growth opportunities moving forward, having also secured a record bookings quarter.

Impinj (NASDAQ: PI) will announce its financial results for Q1 2021 on April 28, 2021, post-market close. A conference call and webcast will follow at 5:00 p.m. ET to discuss the results and the outlook for Q2 2021. Investors can participate by calling +1-412-317-5196 or accessing the webcast on the company's website. Replay options will be available for one hour after the call. Impinj continues its commitment to investor communication via various channels, ensuring widespread information dissemination regarding its operations and performance.

Impinj, a leader in RAIN RFID technology, announced the appointment of Steve Sanghi to its board of directors. Sanghi, a highly experienced executive with a long tenure as CEO and chairman of Microchip Technology, brings strategic insight and operational expertise to the role. Impinj Board Chair Peter van Oppen expressed enthusiasm for Sanghi's wealth of knowledge and leadership skills. Sanghi aims to leverage Impinj's growth potential in the Internet of Things market, emphasizing the company’s strong management and culture.

Impinj, Inc. (NASDAQ: PI) announced a preliminary court approval for a settlement regarding a stockholder derivative action, In re Impinj, Inc. Derivative Litigation, on February 26, 2021. The settlement includes governance changes and an insurance payment of up to $900,000 for plaintiff's attorney fees. A final settlement hearing is scheduled for May 11, 2021. The details are accessible on their Investor Relations website.

Impinj, a leader in RAIN RFID solutions, announces participation in the Morgan Stanley Technology, Media and Telecom Conference. CEO Chris Diorio and CFO Cary Baker will engage in a fireside chat on March 2, 2021, at 5:00 p.m. ET. Investors can access the live audio webcast on Impinj's investor website, with an archived version available for 90 days post-event. Impinj connects billions of everyday items to the Internet, leveraging RAIN RFID to enhance data analysis for businesses and consumers, fostering an expansive Internet of Things.

Impinj (NASDAQ: PI) has achieved a significant milestone by shipping over 50 billion endpoint integrated circuits (ICs) and three million connectivity ICs. This accomplishment underscores the growing adoption of the Impinj platform within various markets, including retail, supply chain, healthcare, and automotive. The company aims to drive digital transformation, enhancing inventory accuracy and labor efficiency through RAIN RFID technology. Notably, Impinj's ICs require no batteries and support the Internet of Things (IoT), positioning the company for further growth in the connected device sector.

Impinj, Inc. (NASDAQ: PI) reported its fourth-quarter and full-year 2020 financial results, revealing revenue of $36.4 million for Q4 and $138.9 million for the entire year. Despite a challenging year due to Covid-19, the company maintained a GAAP gross margin of 47.8% in Q4. Full-year losses were significant, with a GAAP net loss of $51.9 million. The first quarter of 2021 forecasts show cautious optimism amid ongoing uncertainties. The company noted achieving product milestones and solidifying its market position.

Impinj, a leader in RAIN RFID solutions, will have its co-founder and CEO, Chris Diorio, along with CFO Cary Baker, participate in a fireside chat at the Goldman Sachs Virtual 2021 Tech & Internet Conference. The event is scheduled for Thursday, February 11, 2021, at 9:40 a.m. ET. Investors can access a live audio webcast of the discussion on the company’s website, with an archived version available for 90 days post-event. Impinj specializes in connecting everyday items to the Internet, significantly contributing to the Internet of Things.

Impinj, Inc. (NASDAQ: PI) anticipates fourth-quarter 2020 revenue exceeding $36 million, surpassing its prior guidance of $26.5 - 28.5 million. The announcement was made ahead of the Needham Virtual Growth Conference, where CEO Chris Diorio and CFO Cary Baker will participate in a fireside chat on January 13, 2021. Impinj will release its fourth-quarter and year-end financial results on February 10, 2021, followed by a conference call at 5:00 p.m. ET. The press release includes forward-looking statements about revenue estimates, subject to risks and uncertainties.