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RFID Leader Impinj Reports 1Q 2022 Financial Results

Company reports record revenue and solid profitability during the quarter.

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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 first quarter ended March 31, 2022. 

“Our first-quarter results were strong, with demand for our endpoint ICs, reader ICs, readers and gateways all showing extraordinary strength,” said Chris Diorio, Impinj co-founder and CEO. “We delivered record revenue and solid profitability while investing in our team, company and platform.”

Impinj reported revenue of $53.1 million, GAAP gross margin of 54.2% and non-GAAP gross margin of 57.0%. The company reported a GAAP net loss of $10.5 million, or loss of $(0.42) per diluted share using 25 million shares. Adjusted EBITDA was $3.5 million.

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