Impinj (PI) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.15%. A quarter ago, it was expected that this provider of radio frequency identification products would post earnings of $0.73 per share when it actually produced earnings of $0.83, delivering a surprise of 13.70%.Over t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of incorporati ...

Exhibit 99.1 Impinj Reports Third Quarter 2024 Financial Results SEATTLE, WA, October 23, 2024– Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the third quarter ended September 30, 2024. "Our third-quarter results were strong, with revenue and profitability well above our guidance," said Chris Diorio, Impinj co-founder and CEO. "These results again demonstrate the leverage in our operating model. As we continue driving our bol ...

Shares of Impinj (PI) have been strong performers lately, with the stock up 14.5% over the past month. The stock hit a new 52-week high of $190.22 in the previous session. Impinj has gained 107.3% since the start of the year compared to the 20.3% move for the Zacks Computer and Technology sector and the 24.2% return for the Zacks Electronics - Semiconductors industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consen ...

Impinj is being added to the S&P small-cap index. Shares of Impinj (PI 9.10%) were moving higher today on news that the company was joining the S&P SmallCap 600 after S&P Global made its quarterly rebalancing announcement Friday afternoon. As a result, Impinj stock was trading higher by 10% as of 2:03 p.m. ET on Monday. Impinj gets a stamp of approval The announcement from the S&P was the latest sign that Impinj's recent growth is here to stay as the specialist in RAIN RFID tags, which allow the tracing of ...

Summary JacobH I am positive about Impinj Inc. (NASDAQ:PI). My summarized thesis is that PI has entered into a new growth cycle, and with a visible near- and long-term growth catalyst, I expect growth to be robust over the next few years, with potential gross margin expansion to further drive up adj. EBITDA margins. Company overview PI helps its clients identify, locate, and authenticate items using its RAIN (RAdio IdentificatioN) RFID to deliver timely data across various end-business and consumer applicat ...

Impinj (PI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors oft ...

In its broadest sense, the Internet of Things (IoT) means anything that can be connected to the internet. Think your bread toaster, wearable items, your fridge and even your dog collar all connected to the internet. The idea behind IoT is that the internet is seamlessly integrated into the physical world. This makes it possible to gather information, analyze it and make better decisions. But IoT isn't just for the household setup. Industries have adopted IoT technologies for all manners of applications, inc ...

As a result, the stock was up 3.6% as of 3:09 p.m. ET. Gross margin also soared in the quarter, jumping from 51% to 56.1%, showing the company is gaining leverage as it scales up. Operating expenses also fell in the quarter as general and administrative expenses fell substantially, and sales and marketing expenses were down slightly. Shares of Impinj (PI 4.41%) were climbing today after the RFID tag specialist posted better-than-expected results in its second-quarter earnings report. Impinj, whose stock has ...

audriusmerfeldas/iStock via Getty Images Investment Thesis Impinj (NASDAQ:PI) has become a favorite stock amongst investors. And indeed, its Q2 2024 results have been met with a positive nod, as its shares increased by 6% premarket. Nonetheless, I struggle to make its valuation make sense. Case in point, even if we consider the fact that its balance sheet now operates debt-free, I simply don't see the appeal of paying 54x next year's EBITDA. Hence, I remain firmly on the sidelines, and go as far as to conte ...