Impinj Q3 revenue $65M; GAAP loss $0.59/share; non-GAAP EPS $0.00; Q4 outlook cautious

IMPINJ INC

2023-Q3 EPS reported -$1.06 revenue$236,888,000

Revenue $65.0M; GAAP net loss $15.8M ($0.59 per diluted share on 26.9M shares).
Non-GAAP net income $0.1M ($0.00 per diluted share on 28.1M shares); adjusted EBITDA $0.3M.
GAAP gross margin 47.3%; non-GAAP gross margin 50.5%.
CEO notes macroeconomic pressures impacting Q4 outlook, but retail demand showing early signs of improvement.
Endpoint IC unit-volume growth remains strong despite the downturn.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IMPINJ INC reported third quarter ended September 30, 2023 results: revenue $65.0 million, net income GAAP net loss of $15.8 million, or loss of $(0.59) per diluted share using 26.9 million shares, EPS loss of $(0.59) per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $65.0 million
Net income: GAAP net loss of $15.8 million, or loss of $(0.59) per diluted share using 26.9 million shares
EPS: loss of $(0.59) per diluted share
Result: reported results

Exact text from the filing

demand improvement, strong ongoing endpoint IC unit-volume growth despite the downturn and remain optimistic for the future.” Third Quarter 2023 Financial Summary • Revenue of $65.0 million • GAAP gross margin of 47.3%; non-GAAP gross margin of 50.5% • GAAP net loss of $15.8 million, or loss of $(0.59) per diluted share using 26.9 million shares • Adjusted EBITDA of

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Source: SEC EDGAR

accession 0000950170-23-055204

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