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Mar 31, 2022
Impinj Q1 2022 Earnings Report
Impinj reported strong first-quarter results with record revenue and solid profitability.
Key Takeaways
Impinj's first-quarter results demonstrated significant strength, with exceptional demand across all product lines, leading to record revenue and solid profitability while the company continued to invest in its team and platform.
Impinj's first-quarter revenue reached $53.1 million.
The company achieved a GAAP gross margin of 54.2% and a non-GAAP gross margin of 57.0%.
Impinj reported a GAAP net loss of $10.5 million, or a loss of $(0.42) per diluted share.
The company's non-GAAP net income was $2.4 million, or $0.09 per diluted share.
Impinj
Impinj
Forward Guidance
Impinj anticipates revenue between $54.0 million and $56.0 million for the second quarter of 2022.