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 ...

This quarterly report represents an earnings surprise of 13.70%. A quarter ago, it was expected that this provider of radio frequency identification products would post earnings of $0.10 per share when it actually produced earnings of $0.21, delivering a surprise of 110%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for Impinj? Impinj (PI) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.73 per share. Th ...

Investor Presentation Second Quarter 2024 Forward Looking Statement & Non-GAAP Financial Measures | --- | --- | --- ...

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Delaware 91-2041398 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Large accelerated filer ☑ Accelerated filer ☐ If an emerging growth co ...

Exhibit 99.1 Impinj Reports Second Quarter 2024 Financial Results SEATTLE, WA, July 24, 2024– Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the second quarter ended June 30, 2024. "Our second-quarter results were strong, setting several new records," said Chris Diorio, Impinj co-founder and CEO. "Revenue topped $100 million and adjusted EBITDA topped $25 million, both well above our guidance. Free cash flow topped $40 million ...

The Russell 2000 Index comprises primarily small-cap stocks, with some mid-cap stocks included prior to its annual reconstitution on June 28. The Russell 2000 is a great index for finding smaller companies that could become strong portfolio additions for investors. It is also a metric used by many investors to gauge the overall performance of the small-cap market. Below, I discuss three stocks included in the Russell 2000 Index that have performed remarkably well over this past year, particularly in terms o ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...