IMPINJ Inc ( (PI) ) has released its Q1 earnings. Here is a breakdown of the information IMPINJ Inc presented to its investors.
Impinj Inc., a pioneer in the Internet of Things and a leading provider of RAIN RFID technology, connects billions of everyday items to the internet, enhancing business and consumer applications through its innovative platform.
Impinj Inc. reported its financial results for the first quarter of 2025, showcasing solid execution with revenue and profitability surpassing expectations. The company remains focused on maintaining its technological edge and expanding its market share and platform adoption.
In the first quarter of 2025, Impinj achieved a revenue of $74.3 million, with a GAAP gross margin of 49.4% and a non-GAAP gross margin of 52.7%. Despite a GAAP net loss of $8.5 million, the company reported a non-GAAP net income of $6.3 million. Adjusted EBITDA stood at $6.5 million, reflecting the company’s strong operational performance. Looking ahead, Impinj anticipates second-quarter revenue between $91.0 million and $96.0 million, with a GAAP net income ranging from $5.6 million to $8.1 million.
The company continues to manage its business with a focus on extending its technology lead and increasing platform adoption. Impinj’s strategic initiatives and financial outlook suggest a positive trajectory for the upcoming quarters, as it aims to capitalize on market opportunities and drive growth.