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Impinj Reports 4Q 2019 Financial Results

Full year 2019 revenue was $152.8 million, with GAAP gross margin of 48.4%.

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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, 2019.

Full year 2019 revenue was $152.8 million, with GAAP gross margin of 48.4%; non-GAAP gross margin was 50.2%. GAAP net loss of $23 million, or loss of $1.05 per diluted share using 21.8 million shares.

Impinj’s 4Q 2019 revenue was $40.8 million, with GAAP gross margin of 48.8% and non-GAAP gross margin of 50.6%. GAAP net loss was $7.7 million, or loss of $0.35 per diluted share using 22.2 million shares.

“I am very pleased with Impinj’s 2019 execution and results,” said Chris Diorio, Impinj co-founder and CEO. “We delivered three consecutive record revenue quarters and strengthened our balance sheet. We also introduced game-changing new products that solidified our platform and advanced our strategy. We enter 2020 with strong momentum and a solid foundation for our business.”

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