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Mar 31
Impinj Q1 2025 Earnings Report
Impinj exceeded guidance on revenue and profitability in Q1 2025.
Key Takeaways
Impinj delivered solid results in Q1 2025 with revenue and adjusted earnings surpassing expectations. Despite reporting a GAAP net loss, strong non-GAAP earnings and positive adjusted EBITDA underscored resilient operations and effective cost management.
Revenue reached $74.3 million, exceeding guidance.
GAAP net loss was $8.5 million, while non-GAAP net income came in at $6.3 million.
Adjusted EBITDA was $6.5 million, reflecting operational efficiency.
Gross margins improved on a non-GAAP basis to 52.7%.
Impinj
Impinj
Forward Guidance
Impinj expects Q2 2025 revenue and earnings to increase significantly, driven by continued strong market demand and operational scalability.
Positive Outlook
- Revenue guidance set between $91.0M and $96.0M
- GAAP net income projected between $5.6M and $8.1M
- Non-GAAP net income projected between $20.8M and $23.3M
- Adjusted EBITDA projected between $23.5M and $26.0M
- Diluted non-GAAP EPS expected between $0.68 and $0.76
Challenges Ahead
- Higher stock-based compensation forecasted at $15M
- Increase in depreciation and amortization to $3.55M
- Continued interest expense around $1.215M
- Operating lease liabilities remain elevated
- Deferred tax liabilities persist