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Dec 31, 2024
Impinj Q4 2024 Earnings Report
Impinj reported its financial results for the fourth quarter and full year ended December 31, 2024.
Key Takeaways
Impinj delivered strong financial results in 2024, successfully resolved patent litigation, and introduced market-leading products. Despite anticipated first-quarter headwinds, the company plans to leverage its competitive advantages for future growth.
Fourth quarter revenue reached $91.6 million.
GAAP net loss for the quarter was $2.7 million, or $0.09 per diluted share.
Adjusted EBITDA for the fourth quarter was $15.0 million.
Non-GAAP net income for the quarter was $14.5 million, or $0.48 per diluted share.
Forward Guidance
For the first quarter of 2025, Impinj anticipates revenue between $70.0 million and $73.0 million, a GAAP net loss between $16.8 million and $15.3 million, and adjusted EBITDA between $1.1 million and $2.6 million.
Positive Outlook
- Anticipated adjusted EBITDA of $1.1 million to $2.6 million for Q1 2025.
- Non-GAAP net income per share expected to be $0.06 to $0.11.
- Management expects to press competitive advantages.
- Company aims to emerge as a stronger entity.
- Guidance reflects current market conditions and expectations.
Challenges Ahead
- First-quarter headwinds are anticipated.
- GAAP net loss expected to be between $16.8 million and $15.3 million.
- GAAP net loss per share projected at $0.59 to $0.53.
- Revenue guidance of $70.0 million to $73.0 million is lower than Q4 2024.
Historical Earnings Impact
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