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IMPINJ Inc (PI)
NASDAQ:PI
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.48Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 29, 2018
|% Change Since: -40.69%
|Next Earnings Date:Sep 12, 2018
Earnings Call Sentiment|Positive
The earnings call demonstrated strong year-over-year growth and record performance in key areas such as endpoint IC shipments and gross margin. However, sequential declines in revenue and challenges in reader IC revenue posed concerns. The company expressed enthusiasm for future opportunities in food tagging and continued investments in solutions. Overall, highlights outweighed lowlights, indicating a positive outlook.Company Guidance
In the recent earnings call for Impinj, executives provided detailed guidance for the fourth quarter of 2024, projecting revenue between $91 million and $94 million, marking a 31% increase from the $70.7 million reported in the fourth quarter of 2023. They anticipate adjusted EBITDA to range between $13.6 million and $15.1 million and non-GAAP net income between $13.4 million and $14.9 million, translating to earnings per share of $0.45 to $0.49. The company expects fourth-quarter gross margins to improve sequentially, driven by lower 200-millimeter endpoint IC volume, a larger mix of systems revenue, and endpoint IC replenishments into Asia-based authenticity pilots. Additionally, third-quarter revenue was reported at $95.2 million, with a gross margin of 52.4%, and the company ended the quarter with $227.4 million in cash and investments.Record Quarterly Revenue and Growth
Third quarter revenue was $95.2 million, up 46% year-over-year from $65 million in third quarter 2023. Endpoint IC revenue was $81 million, up 67% year-over-year from $48.6 million.
Strong Performance in Supply Chain and Logistics
Strength in supply chain and logistics contributed to the strong financial results, with continued secular growth in both apparel and long-tail applications.
New Records in Silicon Shipments
Third quarter endpoint IC product revenue exceeded expectations with unit volumes reaching a new quarterly record. M800 shipments more than doubled for the third consecutive quarter.
Impressive Gross Margin
Third quarter gross margin was 52.4%, up from 50.5% in third quarter 2023, showing improvement despite sequential decreases due to licensing revenue.
Promising Outlook for Food Tagging
Conviction in food tagging opportunities continues to grow, with multiple supply chain and quick-serve restaurant rollouts and grocery pilots.
Strong Cash Position
The company ended the third quarter with cash, cash equivalents, and investments of $227.4 million, compared to $113.2 million in third quarter 2023.
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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 |
|---|---|---|---|
| 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% |
| Feb 08, 2024 | $106.31 | $110.04 | +3.51% |
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 Feb 05, 2025, TBA Not Confirmed.
What is IMPINJ Inc (PI) earnings time?
IMPINJ Inc (PI) earnings time is at Feb 05, 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 2024 (Q4) is 0.48.
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