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Impinj Reports Strong 2024 Financial Results Amid Changes

Story Highlights
  • Impinj reported strong financial results for the fourth quarter of 2024.
  • The company anticipates challenges in the first quarter of 2025 but plans to strengthen its position.
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Impinj Reports Strong 2024 Financial Results Amid Changes

IMPINJ ( (PI) ) has provided an announcement.

On February 5, 2025, Impinj reported strong financial results for the fourth quarter and full year of 2024, including a revenue of $91.6 million for the quarter and $366.1 million for the year. Despite facing upcoming first-quarter headwinds, the company aims to leverage its competitive advantages to strengthen its market position.

More about IMPINJ

Impinj, Inc. is a leading provider in the RAIN RFID sector and a pioneer in the Internet of Things, helping businesses and individuals connect everyday items to the Internet to enable data-driven insights.

YTD Price Performance: -13.76%

Average Trading Volume: 574,036

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $3.58B

See more data about PI stock on TipRanks’ Stock Analysis page.

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