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Revenue for the first quarter of 2024 was $76.8 million, with GAAP net income of $33.3 million.
April 26, 2024
By: DAVID SAVASTANO
Impinj, Inc. released its financial results for the first quarter ended March 31, 2024. Revenue for the first quarter of 2024 was $76.8 million, with a GAAP gross margin of 48.9%; non-GAAP gross margin was 51.5%. GAAP net income was $33.3 million, or income of $1.10 per diluted share using 31.4 million shares. Adjusted EBITDA was $6.7 million. “2024 started strong, with revenue and profitability exceeding both our fourth-quarter results and first-quarter guidance,” said Chris Diorio, Impinj co-founder and CEO. “As we continue driving our bold vision to connect every item in our everyday world, I remain confident in our market position and energized by the opportunities ahead.”
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