earnings
confidence high
sentiment positive
materiality 0.70
Impinj Q3 revenue $45.2M beats guidance; non-GAAP EPS loss $0.04
IMPINJ INC
2022-Q3 EPS reported
-$1.30
revenue$137,709,000
- Revenue of $45.2M exceeded guidance; GAAP gross margin 50.9%, non-GAAP 53.3%.
- GAAP net loss $12.9M ($0.53/share); non-GAAP net loss $0.9M ($0.04/share).
- Adjusted EBITDA loss of $0.4M, improved over expectations.
- Accelerated Impinj M700 endpoint IC production amid supply challenges.
- Company cites strong long-term demand from enterprise digital transformation.