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Impinj Reports 4Q, Full Year 2018 Financial Results

Company reported revenue of $122.6 million, GAAP gross margin of 47.5% during 2018.

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By: DAVID SAVASTANO

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

Impinj, Inc. released its financial results for the fourth quarter and year ended Dec. 31, 2018.
 
“I’m proud of our team’s execution in fourth quarter 2018 and feel we have strong momentum heading into 2019. We delivered our second consecutive quarter of record revenue and record systems sales,” said Chris Diorio, Impinj co-founder and CEO. “We also shipped our 30 billionth endpoint IC, marking another step in our journey to connect every item in our everyday world.”
 
In the fourth quarter of 2018, Impinj reported revenue of $34.6 million, GAAP gross margin of 47.1%, non-GAAP gross margin of 49.0%, and GAAP net loss of $6.0 million, or loss of $0.28 per diluted share using 21.5 million shares.
 
For the full year, Impinj reported revenue of $122.6 million, GAAP gross margin of 47.5%, non-GAAP gross margin of 49.5% and GAAP net loss of $35.2 million, or loss of $1.65 per diluted share using 21.3 million shares.

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