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Impinj Announces 1Q 2018 Financial Results

Revenue was $25.1 million for the first quarter of 2018, with GAAP gross margin of 46.9%.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Impinj, Inc. announced its financial results for the quarter ended March 31, 2018.
 
“Based on team execution, enhanced partner inventory visibility and positive bookings trends,” said Chris Diorio, Impinj co-founder and CEO, “we believe we are on track to make the first half of 2018 the turning point for our business.”
 
Revenue was $25.1 million for the first quarter of 2018, with GAAP gross margin of 46.9% and non-GAAP gross margin of 49.2%. GAAP net loss was $14.4 million, or loss of $0.68 per basic and diluted share using 21.1 million shares. Adjusted EBITDA loss was $7.1 million.

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