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Dec 31, 2022
Impinj Q4 2022 Earnings Report
Impinj reported strong results with record revenue and adjusted EBITDA.
Key Takeaways
Impinj reported Q4 2022 revenue of $76.6 million. GAAP net loss was $0.1 million, or loss of less than $0.01 per diluted share. Non-GAAP net income was $11.6 million, or income of $0.41 per diluted share.
Revenue reached $76.6 million.
GAAP gross margin was 52.4%; non-GAAP gross margin was 53.8%.
GAAP net loss was $0.1 million, or loss of less than $0.01 per diluted share.
Non-GAAP net income was $11.6 million, or income of $0.41 per diluted share.
Forward Guidance
Impinj provided financial outlook for the first quarter of 2023.
Positive Outlook
- Revenue is expected to be between $82.0 million and $85.0 million.
- Adjusted EBITDA income is expected to be between $9.2 million and $10.7 million.
- Non-GAAP net income is expected to be between $8.6 million and $10.3 million.
- Non-GAAP net income per share is expected to be between $0.33 and $0.39 (basic).
- Non-GAAP net income per share is expected to be between $0.30 and $0.36 (diluted).
Challenges Ahead
- GAAP net loss is expected to be between ($3.6) million and ($2.1) million.
- GAAP net loss per share is expected to be between ($0.14) and ($0.08).
- GAAP weighted-average shares (basic and diluted) are expected to be between 26.20 million and 26.40 million.
- Non-GAAP weighted-average shares (basic) are expected to be between 26.20 million and 26.40 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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