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Sep 30, 2021
Impinj Q3 2021 Earnings Report
Impinj's third-quarter performance was strong, with revenue and profitability exceeding guidance.
Key Takeaways
Impinj reported strong third-quarter results with revenue of $45.2 million. The company accelerated Impinj M700 endpoint IC production and navigated unprecedented supply challenges.
Revenue of $45.2 million.
GAAP gross margin of 50.9%.
GAAP net loss of $12.9 million, or loss of $(0.53) per diluted share.
Non-GAAP net loss of $0.9 million, or loss of $(0.04) per diluted share.
Impinj
Impinj
Forward Guidance
Impinj provided financial outlook for the fourth quarter 2021, with revenue expected to be between $46.0 million and $48.0 million.