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Jun 30, 2022
Impinj Q2 2022 Earnings Report
Impinj's second-quarter results were strong, with revenue and profitability exceeding guidance.
Key Takeaways
Impinj reported strong second-quarter results with revenue of $59.8 million. The company's profitability exceeded guidance, and demand is expected to remain strong through the second half of 2022.
Revenue of $59.8 million.
GAAP gross margin of 52.7%; non-GAAP gross margin of 54.7%.
GAAP net loss of $11.5 million, or loss of $(0.45) per diluted share.
Non-GAAP net income of $3.0 Million, or income of $0.11 per diluted share.
Impinj
Impinj
Forward Guidance
Impinj anticipates revenue between $63.5 million and $65.5 million for the third quarter of 2022.
Positive Outlook
- Revenue between $63.5 million and $65.5 million
- Adjusted EBITDA income between $5.1 million and $6.6 million
- Non-GAAP Net income between $4.0 million and $5.5 million
- Non-GAAP Net income per share — basic between $0.16 and $0.21
- Non-GAAP Net income per share — diluted between $0.15 and $0.20
Challenges Ahead
- GAAP Net loss between ($7.5) million and ($6.0) million
- GAAP Net loss per share — basic and diluted between ($0.29 ) and ($0.23 )
- Actual results may differ materially
- Guidance based on current market conditions and expectations
- Forward-looking statements are subject to known and unknown risks and uncertainties