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Reports revenue of $33.1 million, GAAP gross margin of 48%.
May 1, 2019
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Impinj, Inc. released its financial results for the first quarter ended March 31, 2019. The first quarter 2019 financial summary includes revenue of $33.1 million, GAAP gross margin of 48%, and GAAP net loss of $7.1 million, or loss of $0.33 per diluted share using 21.5 million shares. “First-quarter results were strong, with revenue, net loss and adjusted EBITDA loss outperforming our guidance and revenue a record for a first quarter,” said Chris Diorio, Impinj co-founder and CEO. “We also announced our new Impinj M700 endpoint IC family, which I believe to be our most exciting new-product introduction in a decade. The Impinj M700 dramatically shrinks chip size while increasing the range, reliability and read speed of RAIN RFID systems.”
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