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Jun 30, 2020
Impinj Q2 2020 Earnings Report
Impinj's second quarter results were negatively impacted by Covid-19, but saw improving endpoint IC bookings and accelerating large systems opportunities.
Key Takeaways
Impinj reported a revenue of $26.5 million for Q2 2020. The company experienced a GAAP net loss of $17.5 million, or $0.77 per diluted share, and a non-GAAP net loss of $5.6 million, or $0.25 per diluted share.
Revenue of $26.5 million
GAAP gross margin of 49.0%; non-GAAP gross margin of 51.4%
GAAP net loss of $17.5 million, or loss of $0.77 per diluted share
Non-GAAP net loss of $5.6 million, or loss of $0.25 per diluted share
Forward Guidance
Impinj is continuing to monitor the impact of Covid-19 on its business. Given the uncertainty regarding the duration and severity of the epidemiological, economic and operational impacts of Covid-19, Impinj cannot reasonably estimate the pandemic’s impact on its operating results for third-quarter 2020 or future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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