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Impinj Reports Second Quarter 2019 Financial Results

RFID specialist sets quarterly revenue record.

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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 second quarter ended June 30, 2019. 
 
“Our second-quarter results were strong, highlighted by $38.2 million revenue and solid performance in both endpoint ICs and systems,” said Chris Diorio, Impinj co-founder and CEO. “We set another quarterly revenue record, led by strong system sales.”
 
In the second quarter of 2019, Impinj reported revenue of $38.2 million, GAAP gross margin of 48.2%, non-GAAP gross margin of 50.0% and GAAP net loss of $4.2 million, or loss of $0.19 per diluted share using 21.7 million shares. Impinj added it had adjusted EBITDA of $0.8 million.

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