05.08.18
Impinj, Inc. announced its financial results for the quarter ended March 31, 2018.
“Based on team execution, enhanced partner inventory visibility and positive bookings trends,” said Chris Diorio, Impinj co-founder and CEO, “we believe we are on track to make the first half of 2018 the turning point for our business.”
Revenue was $25.1 million for the first quarter of 2018, with GAAP gross margin of 46.9% and non-GAAP gross margin of 49.2%. GAAP net loss was $14.4 million, or loss of $0.68 per basic and diluted share using 21.1 million shares. Adjusted EBITDA loss was $7.1 million.
“Based on team execution, enhanced partner inventory visibility and positive bookings trends,” said Chris Diorio, Impinj co-founder and CEO, “we believe we are on track to make the first half of 2018 the turning point for our business.”
Revenue was $25.1 million for the first quarter of 2018, with GAAP gross margin of 46.9% and non-GAAP gross margin of 49.2%. GAAP net loss was $14.4 million, or loss of $0.68 per basic and diluted share using 21.1 million shares. Adjusted EBITDA loss was $7.1 million.