Impinj Reports 4Q 2019 Financial Results

Impinj, Inc. released its financial results for the fourth quarter and year ended Dec. 31, 2019.

Full year 2019 revenue was $152.8 million, with GAAP gross margin of 48.4%; non-GAAP gross margin was 50.2%. GAAP net loss of $23 million, or loss of $1.05 per diluted share using 21.8 million shares.

Impinj’s 4Q 2019 revenue was $40.8 million, with GAAP gross margin of 48.8% and non-GAAP gross margin of 50.6%. GAAP net loss was $7.7 million, or loss of $0.35 per diluted share using 22.2 million shares.

“I am very pleased with Impinj’s 2019 execution and results,” said Chris Diorio, Impinj co-founder and CEO. “We delivered three consecutive record revenue quarters and strengthened our balance sheet. We also introduced game-changing new products that solidified our platform and advanced our strategy. We enter 2020 with strong momentum and a solid foundation for our business.”