Impinj Reports Third Quarter 2018 Financial Results


October 29, 2018 04:15 PM Eastern Daylight Time

SEATTLE--(BUSINESS WIRE)--Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID solutions for identifying, locating and authenticating everyday items, today released its financial results for the quarter ended September 30, 2018.

“Our third quarter 2018 results marked another quarter of solid execution,” said Chris Diorio, Impinj co-founder and CEO. “We returned to year over year revenue growth and our systems business had a record quarter.”

Third Quarter 2018 Financial Summary

  • Revenue was $34.4 million

  • GAAP gross margin of 48.1%; non-GAAP gross margin of 50.0%

  • GAAP net loss of $7.1 million, or loss of $0.33 per basic and diluted share using 21.4 million shares

  • Adjusted EBITDA loss of $0.9 million

  • Non-GAAP net loss of $1.1 million, or loss of $0.05 per diluted share using 21.4 million shares

A reconciliation between GAAP and non-GAAP information, including weighted-average basic and diluted shares, is contained in the tables below. Additionally, descriptions of these non-GAAP financial measures are provided in the “Non-GAAP Financial Measures” sections below.

See the full release here

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