05.01.19
Impinj, Inc. released its financial results for the first quarter ended March 31, 2019.
The first quarter 2019 financial summary includes revenue of $33.1 million, GAAP gross margin of 48%, and GAAP net loss of $7.1 million, or loss of $0.33 per diluted share using 21.5 million shares.
“First-quarter results were strong, with revenue, net loss and adjusted EBITDA loss outperforming our guidance and revenue a record for a first quarter,” said Chris Diorio, Impinj co-founder and CEO. “We also announced our new Impinj M700 endpoint IC family, which I believe to be our most exciting new-product introduction in a decade. The Impinj M700 dramatically shrinks chip size while increasing the range, reliability and read speed of RAIN RFID systems.”
The first quarter 2019 financial summary includes revenue of $33.1 million, GAAP gross margin of 48%, and GAAP net loss of $7.1 million, or loss of $0.33 per diluted share using 21.5 million shares.
“First-quarter results were strong, with revenue, net loss and adjusted EBITDA loss outperforming our guidance and revenue a record for a first quarter,” said Chris Diorio, Impinj co-founder and CEO. “We also announced our new Impinj M700 endpoint IC family, which I believe to be our most exciting new-product introduction in a decade. The Impinj M700 dramatically shrinks chip size while increasing the range, reliability and read speed of RAIN RFID systems.”