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 ...

Core Viewpoint - Impinj is being added to the S&P SmallCap 600 index, which is expected to increase demand for its stock due to ETF purchases [1][2][3] Group 1: Company Performance - Impinj has experienced significant growth, with a 19% increase in revenue to $102.5 million in the second quarter and a rise in gross margin from 51% to 56.1% [3] - The company anticipates third-quarter revenue growth of 42%, projecting a range of $91 million to $94 million, along with adjusted earnings per share of $0.46 to $0.50, compared to breakeven in the same quarter last year [4] Group 2: Market Impact - The addition to the S&P 600 is likely to trigger buying from ETFs that track the index, such as the Vanguard S&P Small-Cap 600 ETF and iShares Core S&P Small-Cap ETF, thereby increasing stock demand [2][3] - Historically, stocks like Impinj tend to gain upon being added to the S&P index due to the endorsement from the index manager and subsequent ETF buying [3] Group 3: Stock Performance - Impinj's stock has appreciated nearly 400% over the last five years, driven by soaring revenue and profits, establishing the company as a leader in RFID technology for supply chain management [4][5] - Although the stock is considered pricey, continued growth could lead to further price increases in the long term [5]

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 ...