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Revenue was $102.5 million, with adjusted EBITDA of $26.8 million.
July 26, 2024
By: DAVID SAVASTANO
Impinj, Inc. released its financial results for the second quarter ended June 30, 2024.
“Our second-quarter results were strong, setting several new records,” said Chris Diorio, Impinj co-founder and CEO. “Revenue topped $100 million and adjusted EBITDA topped $25 million, both well above our guidance. Free cash flow topped $40 million. 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.”
Second quarter 2024 financial summary: • Revenue of $102.5 million • GAAP gross margin of 56.1%; non-GAAP gross margin of 58.2% • GAAP net income of $10.0 million, or income of $0.34 per diluted share using 29.4 million shares • Adjusted EBITDA of $26.8 million • Non-GAAP net income of $25.3 million, or income of $0.83 per diluted share using 32.0 million shares  Â
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