Impinj Q1 2024 revenue $76.8M beats guidance; GAAP EPS $1.10, non-GAAP EPS $0.21

IMPINJ INC

2024-Q1 EPS reported $1.10 revenue$76,825,000

Revenue $76.8M; GAAP gross margin 48.9%; non-GAAP gross margin 51.5%.
GAAP net income $33.3M ($1.10 diluted EPS) on 31.4M shares.
Non-GAAP net income $6.2M ($0.21 diluted EPS) on 28.8M shares; Adjusted EBITDA $6.7M.
Results exceeded Q4 2023 and Q1 2024 guidance; CEO cites strong start to 2024.

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 0.9

IMPINJ INC reported first quarter ended March 31, 2024 results: revenue $76.8 million, net income $33.3 million, EPS $1.10 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $76.8 million
Net income: $33.3 million
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2024 Financial Summary • Revenue of $76.8 million • GAAP gross margin of 48.9%; non-GAAP gross margin of 51.5% • GAAP net income of $33.3 million, or income of $1.10 per diluted share using 31.4 million shares • Adjusted EBITDA of $6.7 million • Non-GAAP net income of $6.2 million, or income of $0.21 per diluted share using 28.8 million shares

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Source: SEC EDGAR

accession 0000950170-24-047599

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