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Company exceeds its revenue and profitability guidance.
July 30, 2021
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Impinj reported its second quarter 2021 financial results. “Our second-quarter results were strong, exceeding our revenue and profitability guidance,” said Chris Diorio, Impinj co-founder and CEO. “We delivered a record bookings quarter, record adjusted EBITDA, introduced groundbreaking new products, strengthened our team and see strong demand ahead.” The company reported revenue of $47.3 million, GAAP gross margin of 52.4%, non-GAAP gross margin of 54.5% and GAAP net loss of $8.9 million, or loss of $(0.37) per diluted share using 24.1 million shares. Its adjusted EBITDA was $3.3 million.
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