Financial Data and Key Metrics Changes - In Q4 2024, total revenue was $91.6 million, down 4% sequentially from $95.2 million in Q3 2024, but up 30% year-over-year from $70.7 million in Q4 2023 [27] - Endpoint IC revenue for Q4 2024 was $74.1 million, down 9% sequentially from $81 million in Q3 2024, and up 37% year-over-year from $53.9 million in Q4 2023 [27] - Full year 2024 revenue totaled $366.1 million, up 19% year-over-year compared to $307.5 million in 2023 [29] - Q4 adjusted EBITDA was $15 million, compared to $17.3 million in Q3 2024 and $3 million in Q4 2023 [33] - Q4 GAAP net loss was $2.7 million, while non-GAAP net income was $14.5 million or $0.48 per share on a fully diluted basis [34] Business Line Data and Key Metrics Changes - Q4 systems revenue was $17.5 million, up 23% sequentially from $14.2 million in Q3 2024, and up 4% year-over-year from $16.8 million in Q4 2023 [28] - Systems revenue exceeded expectations, driven by strength in reader gateway and reader IC sales [28] - Full year 2024 endpoint IC revenue grew 30% year-over-year, while systems revenue declined 18% year-over-year [30] Market Data and Key Metrics Changes - The company noted solid U.S. retail demand and healthy growth for RAIN labels in the EU, with expectations for modest growth in food volumes [14] - The company is engaged with two large grocery chains, indicating significant potential for endpoint IC volumes [16] Company Strategy and Development Direction - The company aims to leverage its leadership position in the industry and capitalize on long-term secular tailwinds, particularly in retail apparel, general merchandise, and supply chain logistics [11] - The launch of Gen2X is expected to enhance performance and security of RAIN systems, with strong adoption from partners [20] - The company is focused on helping inlay partners manage excess inventory and navigate geopolitical challenges [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged headwinds in Q1 2025 due to geopolitical uncertainties, inventory adjustments, and shorter ordering cycles [12][23] - The company remains optimistic about long-term growth, citing a strong enterprise pipeline and ongoing demand in North America [90] Other Important Information - The company ended Q4 2024 with cash, cash equivalents, and investments totaling $239.6 million, with inventory at $99.3 million [35] - The Chief Revenue Officer announced retirement, with a new leader appointed to continue the mission [21] Q&A Session Summary Question: Timing of inventory flattening and pushouts - Management indicated that excess channel inventory was built due to a mix of demand and timing, with unexpected pullbacks from partners [44] Question: Comparison to past corrections - Management expressed confidence in their ability to navigate the current correction, citing a more seasoned team and proactive measures [50] Question: Excess inventory details - Management estimated a few weeks of excess inventory, concentrated primarily in logistics due to demand changes [56] Question: Impact of customer changes on demand - Management confirmed that changes in logistics demand were affecting their second largest customer, impacting overall demand [58] Question: Future program ramps - Management noted a strong enterprise pipeline but acknowledged a lull in new Fortune 100 company engagements in the first half of the year [63] Question: Pricing dynamics and ASP reductions - Management explained that aggressive price shopping is occurring at multiple levels, impacting order timing and ASPs [80] Question: Geopolitical impacts on sourcing - Management clarified that geopolitical factors are causing sourcing uncertainties, leading to shorter order cycles [96] Question: Pipeline opportunities beyond food - Management highlighted ongoing efforts in retail apparel and general merchandise, with significant opportunities still present [97]

Core Insights - Impinj (PI) reported quarterly earnings of $0.48 per share, exceeding the Zacks Consensus Estimate of $0.47 per share, and significantly up from $0.09 per share a year ago, indicating a strong earnings surprise of 2.13% [1] - The company generated revenues of $91.57 million for the quarter ended December 2024, which was slightly below the Zacks Consensus Estimate by 1.33%, but up from $70.65 million year-over-year [2] - Impinj has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Outlook - The future performance of Impinj's stock will largely depend on management's commentary during the earnings call and the sustainability of its immediate price movement based on the latest earnings numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.44, with expected revenues of $92.8 million, while the estimate for the current fiscal year stands at $2.79 on revenues of $439.07 million [7] Industry Context - The Electronics - Semiconductors industry, to which Impinj belongs, is currently ranked in the top 34% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

Financial Performance - Impinj, Inc. announced preliminary unaudited financial information for Q4 2024, with revenue guidance reiterated ahead of the 27th Annual Needham Growth Conference[5] - The actual results for Q4 2024 are still being finalized, indicating that preliminary figures may differ materially from management's expectations[5] - The press release regarding the financial information was issued on January 14, 2025, highlighting the company's ongoing financial review process[5]

Impinj (PI) has been on a downward spiral lately with significant selling pressure. After declining 19.6% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is overs ...

Impinj (PI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. On ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Impinj (PI) . This company, which is in the Zacks Electronics - Semiconductors industry, shows potential for another earnings beat.When looking at the last two reports, this provider of radio frequency identification products has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 16. ...

Core Viewpoint - Impinj's stock has significantly underperformed in the past three months, dropping 36.1%, while the broader market and its peers have shown positive returns [1][3]. Group 1: Stock Performance - Impinj shares have declined 36.1% over the last three months, contrasting with the S&P 500's return of 0.8% and the Zacks Computer and Technology sector's return of 2.9% [1]. - The company has also lagged behind its Zacks Electronics – Semiconductors peers, which have seen increases of 29% to 87.6% [1]. Group 2: Reasons for Underperformance - The primary reason for the stock's decline is disappointing guidance for Q4 2024, with management indicating a seasonal drop in endpoint IC revenues and delays in major projects affecting revenues [3]. - The company is experiencing predictable trends in the supply chain and logistics sectors, which are expected to impact its E-family reader ICs [3]. Group 3: Valuation and Market Position - Impinj currently trades at a forward 12-month price-to-sales (P/S) multiple of 9.54x, above the industry average of 8.25x, indicating a premium valuation that may limit immediate upside potential [5]. - The stock is trading below the 50-day moving average, suggesting a bearish trend in the near term [8]. Group 4: Growth Potential - Despite short-term challenges, Impinj's fundamentals remain strong, with its RFID technology addressing critical needs across various industries [10]. - The integration of cloud and software capabilities enhances its RAIN technology, creating recurring revenue streams and differentiating the company in the market [11]. - Emerging use cases, such as apparel and food tagging, highlight the company's relevance and potential for growth in high-demand areas [12][15]. Group 5: Future Outlook - Impinj's M800 endpoint ICs have seen robust adoption, with continued growth expected in 2025 despite current project delays [16]. - Analysts project a year-over-year revenue growth of 19.5% and earnings growth of 33.9% for 2025, with the stock surpassing earnings consensus in the last four quarters [18]. - The company's leadership in RFID technology and expansion into software and cloud services support a solid growth trajectory, justifying a hold on the stock for long-term investors [19][20].

Impinj (PI) shares rallied 5.1% in the last trading session to close at $149.83. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.3% loss over the past four weeks.Impinj is benefiting from strength in the end-point IC product line, which is driving its momentum in retail apparel and general merchandise applications.This provider of radio frequency identification products is expected to post quarterly earnin ...

Core Insights - Impinj's shares have increased by 17.6% over the past three months, outperforming the Zacks Computer & Technology sector and the Zacks Electronics - Semiconductors industry, which grew by 4.5% and 1.3% respectively [1] - The stock's performance is attributed to rising demand for its products, a broader customer base, and successful large-scale RFID solution deployments [2] Revenue Growth - Impinj's Endpoint ICs segment generated $81 million in Q3 2024, reflecting a significant 67% year-over-year growth [3] - Strong demand in supply chain and logistics sectors led to record unit volumes and exceeded expectations for endpoint IC product revenues [4] - Growth in the retail general merchandise segment and increased demand in apparel and long-tail applications contributed to overall revenue and financial performance [6] Market Expansion and Product Development - The company is expanding its market reach and enhancing product offerings, aligning with its vision of connecting billions of items through RFID technology, positioning itself well within the IoT ecosystem [7] - Impinj is entering the food tagging sector, focusing on quick-service restaurants and grocery pilot programs, which is expected to be a larger market than its current segments [8] - Shipments of Impinj's M800 IC have more than doubled for three consecutive quarters, indicating strong market acceptance [8] Software and Cloud Services - The company is investing in software and cloud services to drive long-term growth and revenue, with successful rollouts among Fortune 500 companies strengthening its enterprise market presence [9] Earnings Estimates - The Zacks Consensus Estimate for Q4 2024 earnings is 47 cents per share, revised upward by 11.9% in the past 60 days, indicating a remarkable year-over-year growth of 422.2% [10] - The consensus for Q4 2024 revenues is $92.80 million, reflecting a year-over-year growth of 31.4% [10] - For 2024, the revenue estimate is $367.30 million, implying a year-over-year growth of 19.43%, with earnings pegged at $2.05 per share, indicating a significant year-over-year growth of 192.9% compared to 2023 [11] Investment Potential - Impinj currently holds a Zacks Rank 1 (Strong-Buy) and has a Growth Score of A, suggesting it is a compelling investment opportunity [12]

Impinj TodayPIImpinj$182.84 +6.92 (+3.93%) 52-Week Range$78.17▼$239.88P/E Ratio205.44Price Target$224.60Add to WatchlistImpinj NASDAQ: PI is a mid-cap chip stock that has quietly had a great year in 2024. The stock has returned over 93%, placing it among the top five best returning semiconductor stocks in the United States. Wall Street analysts remain bullish on the stock. The average of the seven price targets from October MarketBeat tracked is $246 per share. That implies an upside in the shares of 40% f ...