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RFID specialist reports revenue of $59.8 million, adjusted EBITDA of $3.8 million
August 2, 2022
By: DAVID SAVASTANO
Impinj, Inc. released its financial results for the second quarter ended June 30, 2022. “Our second-quarter results were strong, with revenue and profitability exceeding our guidance,” said Chris Diorio, Impinj co-founder and CEO. “I expect demand to remain strong through second-half 2022, as we continue investing in our team, operations and platform.” Second quarter 2022 financial summary: • Revenue of $59.8 million • GAAP gross margin of 52.7%; non-GAAP gross margin of 54.7% • GAAP net loss of $11.5 million, or loss of $(0.45) per diluted share using 25.4 million shares • Adjusted EBITDA of $3.8 million • Non-GAAP net income of $3.0 Million, or income of $0.11 per diluted share using 26.6 million shares
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