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Company reports revenue of $28.2 million, GAAP gross margin of 47.4%.
November 2, 2020
By: DAVID SAVASTANO
Impinj released its financial results for the third quarter ended Oct. 28, 2020.
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“Third-quarter revenue improved sequentially, driven primarily by rebounding retail-apparel volumes that drove endpoint IC sales,” said Chris Diorio, Impinj co-founder and CEO. “With game-changing new products and a platform and vision that sit squarely in the center of our end-users’ digital transformation, the opportunity in front of us is more compelling than ever.”
During the third quarter of 2020, Impinj reported revenue of $28.2 million, GAAP gross margin of 47.4% and non-GAAP gross margin of 50.1%. GAAP net loss was $14.3 million, or loss of $0.63 per diluted share using 22.9 million shares.
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