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 ...

Group 1 - The core thesis for Impinj Inc. (NASDAQ: PI) is that the company is expected to experience growth acceleration as it enters a new growth cycle [1] - The investment approach emphasizes a blend of value investing principles and a focus on long-term growth, aiming to buy quality companies at a discount to their intrinsic value [1] - The strategy involves holding investments for the long term to allow for compounding of earnings and shareholder returns [1]

Financial Data and Key Metrics Changes - Third quarter revenue was $95.2 million, down 7% sequentially from $102.5 million in Q2 2024, and up 46% year-over-year from $65 million in Q3 2023 [9] - Third quarter adjusted EBITDA was $17.3 million, compared to $26.8 million in Q2 2024 and $300,000 in Q3 2023, with an adjusted EBITDA margin of 18.2% [12] - Third quarter GAAP net income was $200,000, while non-GAAP net income was $16.9 million or $0.56 per share on a fully diluted basis [12] Business Line Data and Key Metrics Changes - Third quarter endpoint IC revenue was $81 million, down 9% sequentially from $89.4 million in Q2 2024, and up 67% year-over-year from $48.6 million in Q3 2023 [9] - Third quarter Systems revenue was $14.2 million, up 9% sequentially from $13.1 million in Q2 2024, but down 13% year-over-year from $16.4 million in Q3 2023 [10] Market Data and Key Metrics Changes - Endpoint IC product revenue exceeded expectations, with unit volumes setting a new quarterly record as parcel shippers and retailers prepared for the holiday season [5] - The company expects endpoint IC revenue to decline modestly in Q4 due to typical seasonal trends, partially offset by market strength [6] Company Strategy and Development Direction - The company is focused on investing in enterprise solutions, including software and cloud services, which are seen as key to long-term success [7] - The company remains optimistic about the food tagging market, viewing it as a significantly larger opportunity than current markets [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued secular endpoint IC growth and category expansion, with a strong pipeline of enterprise accounts [9] - The management highlighted the importance of authentication and security in the market, indicating a need for increased efforts in these areas [64] Other Important Information - The company ended Q3 with cash, cash equivalents, and investments of $227.4 million, up from $220.2 million in Q2 2024 [12] - Third quarter gross margin was 52.4%, compared to 58.2% in Q2 2024, with expectations for sequential improvement in Q4 [10][11] Q&A Session Summary Question: Systems business outlook for Q4 - Management expects fourth quarter Systems revenue to increase sequentially due to seasonal strength and ongoing deployments from a visionary European retailer [16][17] Question: Food tagging opportunity - Management highlighted strong positioning in the food market, with significant opportunities in quick-serve restaurants and grocery stores [18][19] Question: Drivers of September quarter results - Management noted broad-based industry adoption across supply-chain, logistics, retail, and apparel sectors as key drivers of strong results [22][23] Question: Qualcomm partnership implications - Management discussed the positive impact of Qualcomm's public statement on RAIN technology, enhancing its position as a data carrier for digital product passports [28][29] Question: M800 certification update - Two major inlay partners have received certification for the M800, with expectations for more certifications soon, indicating a healthy ramp for the product [43][44] Question: Authentication opportunity in Asia - Management indicated that the authentication opportunity is critical for future growth, with ongoing replenishments expected in Q4 [63][64]