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IMPINJ Inc (PI)
NASDAQ:PI
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.21Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -42.55%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong revenue growth and financial performance in 2024, with new market opportunities in food tagging and enterprise solutions. However, challenges in the form of geopolitical uncertainties, excess inventory, and changes in customer demand are expected to impact the first quarter of 2025. Despite these hurdles, the company remains optimistic about long-term growth prospects.Company Guidance
In the Impinj Fourth Quarter and Full Year 2024 financial results call, several metrics were highlighted. The company reported a fourth consecutive year of double-digit revenue growth, with 2024 revenue reaching $366.1 million, up 19% from $307.5 million in 2023. Fourth-quarter revenue was $91.6 million, a 30% increase year-over-year but a 4% sequential decline. Endpoint IC unit volumes grew 34% over 2023, and endpoint IC revenue for the fourth quarter was $74.1 million, up 37% year-over-year. Systems revenue for Q4 was $17.5 million, showing a 4% year-over-year increase. The company also achieved record annual adjusted EBITDA of $65.9 million and record free cash flow, driven by strong top-line growth and favorable litigation settlements. However, the first quarter of 2025 is expected to see a decrease in revenue, projected between $70 million and $73 million due to geopolitical uncertainties, tariff challenges, and inventory corrections. The company anticipates a modest sequential decline in gross margin for Q1 2025, marking the low point for the year.Record Annual Revenue and Growth
2024 marked the fourth consecutive year of double-digit revenue growth with a new yearly revenue record. Endpoint IC unit volumes grew 34% over 2023.
Strong Financial Performance
Record annual adjusted EBITDA and free cash flow were achieved, driven by top line growth and operating leverage.
New Market Catalysts
The start of item-level food tagging and the introduction of Impinj Gen2X, which expands enterprise solutions capabilities.
Strong Systems Revenue
Fourth quarter systems revenue was $17.5 million, up 23% sequentially and 4% year-over-year, driven by reader gateway and reader IC sales.
Positive Outlook for 2025
Continued demand growth expected in retail apparel, general merchandise, and supply chain logistics, with emerging opportunities in food tagging.
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PI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $127.06 | $107.76 | -15.19% |
| Oct 23, 2024 | $222.46 | $192.21 | -13.60% |
| Jul 24, 2024 | $152.55 | $159.27 | +4.41% |
| Apr 24, 2024 | $120.91 | $155.55 | +28.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does IMPINJ Inc (PI) report earnings?
IMPINJ Inc (PI) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is IMPINJ Inc (PI) earnings time?
IMPINJ Inc (PI) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PI EPS forecast?
PI EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
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