Impinj Reports 3Q 2019 Financial Results

Impinj, Inc. released its financial results for the third quarter ended Sept. 30, 2019.

“Our third-quarter results were strong, with revenue and adjusted EBITDA outperform-ing our guidance,” said Chris Diorio, Impinj co-founder and CEO. “Quarterly revenue ex-ceeded $40 million for the first time, driven by strong performance in both endpoint ICs and systems.”

The company reported revenue of $40.8 million, GAAP gross margin of 48.5%. non-GAAP gross margin of 50.2%, and GAAP net loss of $4.1 million, or loss of $0.19 per diluted share using 22 million shares. Its adjusted EBITDA was $2.1 million.