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Revenue was $34.4 million, and GAAP gross margin was 48.1%.
October 31, 2018
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Impinj, Inc. released its financial results for the quarter ended Sept. 30, 2018. Revenue was $34.4 million. GAAP gross margin was 48.1%; non-GAAP gross margin was 50.0% GAAP net loss was $7.1 million, or loss of $0.33 per basic and diluted share using 21.4 million shares. Adjusted EBITDA loss was $0.9 million. “Our third quarter 2018 results marked another quarter of solid execution,” said Chris Diorio, Impinj co-founder and CEO. “We returned to year over year revenue growth and our systems business had a record quarter.”
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