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Revenue for the first quarter of 2024 was $76.8 million, with GAAP net income of $33.3 million.
April 26, 2024
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Impinj, Inc. released its financial results for the first quarter ended March 31, 2024. Revenue for the first quarter of 2024 was $76.8 million, with a GAAP gross margin of 48.9%; non-GAAP gross margin was 51.5%. GAAP net income was $33.3 million, or income of $1.10 per diluted share using 31.4 million shares. Adjusted EBITDA was $6.7 million. “2024 started strong, with revenue and profitability exceeding both our fourth-quarter results and first-quarter guidance,” said Chris Diorio, Impinj co-founder and CEO. “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.”
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