Why Impinj Stock Dropped Today

Core Viewpoint - Impinj's stock fell 7% despite the company hinting it might exceed analyst expectations for Q4 sales, with guidance suggesting sales between $90 million and $93 million, while analysts expect less than $92 million [1][3]. Group 1: Sales and Earnings Guidance - Impinj updated its Q4 sales guidance, indicating it expects to report revenue towards the high end of its range [1][7]. - The company noted that its adjusted EBITDA will be above the midpoint of its previous guidance of $15.4 million to $16.9 million, but did not provide a GAAP earnings figure [4]. Group 2: Analyst Expectations and Stock Valuation - Analysts predict a GAAP loss of $0.35 per share for 2025, with a non-GAAP profit expected. They forecast a return to positive earnings of $0.62 per share this year, which would be less than half of what Impinj earned in 2024 [5]. - The stock is projected to be valued at more than 300 times forward earnings, which analysts suggest is excessively high, leading to a recommendation for investors to sell [5].