Impinj Q3 2020 Earnings Report
Key Takeaways
Impinj reported third-quarter revenue of $28.2 million. GAAP net loss was $14.3 million, or loss of $0.63 per diluted share. Non-GAAP net loss was $6.7 million, or loss of $0.29 per diluted share.
Third-quarter revenue improved sequentially, driven primarily by rebounding retail-apparel volumes that drove endpoint IC sales
GAAP gross margin of 47.4%; non-GAAP gross margin of 50.1%
GAAP net loss of $14.3 million, or loss of $0.63 per diluted share
Non-GAAP net loss of $6.7 million, or loss of $0.29 per diluted share
Impinj
Impinj
Forward Guidance
Impinj provided financial outlook for the fourth quarter of 2020. Revenue is expected to be between $26.5 million and $28.5 million. GAAP net loss is expected to be between ($17.2) million and ($16.2) million. Non-GAAP net loss is expected to be between ($9.3) million and ($7.8) million.