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Impinj reported revenue of $95.2 million, and adjusted EBITDA of $17.3 million in 3Q 2o24.
October 25, 2024
By: DAVID SAVASTANO
Impinj, Inc. released its financial results for the third quarter ended Sept. 30, 2024. “Our third-quarter results were strong, with revenue and profitability well above our guidance,” said Chris Diorio, Impinj co-founder and CEO. “These results again demonstrate the leverage in our operating model. 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.” In the third quarter of 2024, Impinj reported revenue of $95.2 million, and adjusted EBITDA of $17.3 million. GAAP gross margin was 50% and non-GAAP gross margin of 52.4%. GAAP net income was $0.2 million, or income of $0.01 per diluted share using 29.7 million shares.Â
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