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Dec 31, 2023
Impinj Q4 2023 Earnings Report
Reported solid growth despite market headwinds, with annual revenue crossing the $300 million threshold for the first time.
Key Takeaways
Impinj reported Q4 2023 revenue of $70.7 million. The company's GAAP net loss was $15.2 million, or a loss of $0.56 per diluted share. Non-GAAP net income was $2.5 million, or income of $0.09 per diluted share.
Revenue of $70.7 million
GAAP gross margin of 47.9%; non-GAAP gross margin of 50.9%
GAAP net loss of $15.2 million, or loss of $0.56 per diluted share
Non-GAAP net income of $2.5 million, or income of $0.09 per diluted share
Impinj
Impinj
Forward Guidance
For the first quarter of 2024, Impinj expects revenue between $72.0 and $75.0 million. GAAP net loss is projected to be between ($16.0) to ($14.5) million. Non-GAAP net income is expected to be between $2.2 to $3.7 million.