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Mar 31, 2023
Impinj Q1 2023 Earnings Report
Reported solid first-quarter results with record revenue and a very strong multi-quarter endpoint IC backlog.
Key Takeaways
Impinj reported solid first-quarter results with record revenue of $85.9 million. The company's GAAP net loss was $4.4 million, or $(0.17) per diluted share, while non-GAAP net income was $8.7 million, or $0.30 per diluted share.
Revenue of $85.9 million
GAAP gross margin of 50.7%; non-GAAP gross margin of 52.4%
GAAP net loss of $4.4 million, or loss of $(0.17) per diluted share
Non-GAAP net income of $8.7 million, or income of $0.30 per diluted share
Impinj
Impinj
Forward Guidance
Impinj provided financial outlook for the second quarter of 2023, with revenue expected to be between $84.0 million and $87.0 million.