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Quarterly revenue exceeded $40 million for the first time.
November 7, 2019
By: DAVID SAVASTANO
Impinj, Inc. released its financial results for the third quarter ended Sept. 30, 2019. “Our third-quarter results were strong, with revenue and adjusted EBITDA outperform-ing our guidance,” said Chris Diorio, Impinj co-founder and CEO. “Quarterly revenue ex-ceeded $40 million for the first time, driven by strong performance in both endpoint ICs and systems.” The company reported revenue of $40.8 million, GAAP gross margin of 48.5%. non-GAAP gross margin of 50.2%, and GAAP net loss of $4.1 million, or loss of $0.19 per diluted share using 22 million shares. Its adjusted EBITDA was $2.1 million.
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