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Mar 31, 2020
Impinj Q1 2020 Earnings Report
Impinj's first-quarter revenue was strong, setting another company record.
Key Takeaways
Impinj reported strong first-quarter revenue of $47.8 million, setting a new company record. The company reported a GAAP net loss of $4.3 million, or a loss of $0.19 per diluted share. Non-GAAP net income was $2.9 million, or $0.13 per diluted share.
First-quarter revenue reached $47.8 million.
GAAP gross margin was 44.7%, while non-GAAP gross margin was 46.1%.
GAAP net loss amounted to $4.3 million, or a loss of $0.19 per diluted share.
Non-GAAP net income was $2.9 million, or income of $0.13 per diluted share.
Forward Guidance
Impinj is continuing to monitor the impact of the Covid-19 pandemic on its business. However, given the uncertainty regarding the duration and severity of the epidemiological, economic and operational impacts of Covid-19, as of the date of this report Impinj cannot reasonably estimate the pandemic’s impact on its operating results for the second quarter of 2020 or future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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