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RFID specialist sets quarterly revenue record.
July 31, 2019
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
Impinj, Inc. released its financial results for the second quarter ended June 30, 2019. “Our second-quarter results were strong, highlighted by $38.2 million revenue and solid performance in both endpoint ICs and systems,” said Chris Diorio, Impinj co-founder and CEO. “We set another quarterly revenue record, led by strong system sales.” In the second quarter of 2019, Impinj reported revenue of $38.2 million, GAAP gross margin of 48.2%, non-GAAP gross margin of 50.0% and GAAP net loss of $4.2 million, or loss of $0.19 per diluted share using 21.7 million shares. Impinj added it had adjusted EBITDA of $0.8 million.
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