Profile
Sector:
TechnologyIndustry:
Communication EquipmentCountry:
United StatesIPO:
21 July 2016Website:
http://www.impinj.comNext earnings report:
07 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 20 Nov 2024 23:43:10 GMTDividend
Analysts recommendations
Institutional Ownership
PI Latest News
Impinj NASDAQ: PI is a mid-cap chip stock that has quietly had a great year in 2024. The stock has returned over 93%, placing it among the top five best returning semiconductor stocks in the United States.
Impinj Inc. is experiencing growth acceleration, driven by strong demand for its Endpoint IC products and expanding gross margins, confirming a new growth cycle. The latest earnings report shows a 46% y/y revenue increase, with significant growth in the Endpoint IC segment and improved EBITDA margins. Despite solid fundamentals and growth momentum, the current valuation has priced in near-term upside.
Impinj delivers solid Q3 results, driven by strong demand. Weak future guidance raises concerns.
Impinj, Inc. (NASDAQ:PI ) Q3 2024 Earnings Conference Call October 23, 2024 5:00 PM ET Company Participants Andy Cobb - Vice President of Strategic Finance Chris Diorio - Co-Founder and Chief Executive Officer Cary Baker - Chief Financial Officer Hussein Mecklai - Chief Operating Officer Conference Call Participants Jim Ricchiuti - Needham & Company Harsh Kumar - Piper Sandler Troy Jensen - Cantor Fitzgerald Christopher Rolland - Susquehanna Guy Hardwick - Freedom Capital Markets Scott Searle - ROTH Capital Mark Lipacis - Evercore Operator Welcome to the Impinj Third Quarter 2024 Financial Results Earnings Conference Call and Webcast. All participants will be in a listen-only mode.
Impinj (PI) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to break-even earnings per share a year ago.
SEATTLE--(BUSINESS WIRE)--Impinj to Announce Third-Quarter 2024 Financial Results.
Impinj (PI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Investors responded favorably to news that Impinj is joining the S&P Small-Cap index. The stock has soared in recent years.
Impinj is expected to experience robust growth over the next few years, with potential gross margin expansion. The company helps clients with asset management using RAIN RFID technology, with APAC being the largest revenue region. Focus on expanding into new markets like food and DPP drives potential long-term growth.
Impinj (PI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
What type of business is Impinj?
Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
What sector is Impinj in?
Impinj is in the Technology sector
What industry is Impinj in?
Impinj is in the Communication Equipment industry
What country is Impinj from?
Impinj is headquartered in United States
When did Impinj go public?
Impinj initial public offering (IPO) was on 21 July 2016
What is Impinj website?
https://www.impinj.com
Is Impinj in the S&P 500?
No, Impinj is not included in the S&P 500 index
Is Impinj in the NASDAQ 100?
No, Impinj is not included in the NASDAQ 100 index
Is Impinj in the Dow Jones?
No, Impinj is not included in the Dow Jones index
When was Impinj the previous earnings report?
No data
When does Impinj earnings report?
The next expected earnings date for Impinj is 07 February 2025