Impinj’s (PI) shares have risen 17.6% in the past three months, outperforming the Zacks Computer & Technology sector and the Zacks Electronics - Semiconductors industry’s growth of 4.5% and 1.3%, respectively.The stock has outperformed its industry peers, including Applied Materials (AMAT) , FormFactor (FORM) and Lam Research (LRCX) , in the same timeframe.While PI's shares have been on the rise, those of Applied Materials, FormFactor and Lam Research have lost 10.8%, 16.7% and 11.2%, respectively, during t ...

Impinj TodayPIImpinj$182.84 +6.92 (+3.93%) 52-Week Range$78.17▼$239.88P/E Ratio205.44Price Target$224.60Add to WatchlistImpinj 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. Wall Street analysts remain bullish on the stock. The average of the seven price targets from October MarketBeat tracked is $246 per share. That implies an upside in the shares of 40% f ...

I gave a buy rating to Impinj Inc. (NASDAQ: PI ) in August, with my key thesis being that the business is set to see growth acceleration as it enters a new growth cycle, and thereI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount to their intrinsic valu ...

Impinj's (PI) third-quarter 2024 adjusted earnings of 56 cents per share beat the Zacks Consensus Estimate by 19.15%. The reported figure also marked an improvement from the year-ago quarter's break-even results. PI's earnings beat the Zacks Consensus average Estimate in the trailing four quarters, which is commendable. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues increased 46.4% year over year to $95.2 million and beat the consensus mark by 2.36%. However, PI shares lost ...

Financial Data and Key Metrics Changes - Third quarter revenue was $95.2 million, down 7% sequentially from $102.5 million in Q2 2024, and up 46% year-over-year from $65 million in Q3 2023 [9] - Third quarter adjusted EBITDA was $17.3 million, compared to $26.8 million in Q2 2024 and $300,000 in Q3 2023, with an adjusted EBITDA margin of 18.2% [12] - Third quarter GAAP net income was $200,000, while non-GAAP net income was $16.9 million or $0.56 per share on a fully diluted basis [12] Business Line Data and Key Metrics Changes - Third quarter endpoint IC revenue was $81 million, down 9% sequentially from $89.4 million in Q2 2024, and up 67% year-over-year from $48.6 million in Q3 2023 [9] - Third quarter Systems revenue was $14.2 million, up 9% sequentially from $13.1 million in Q2 2024, but down 13% year-over-year from $16.4 million in Q3 2023 [10] Market Data and Key Metrics Changes - Endpoint IC product revenue exceeded expectations, with unit volumes setting a new quarterly record as parcel shippers and retailers prepared for the holiday season [5] - The company expects endpoint IC revenue to decline modestly in Q4 due to typical seasonal trends, partially offset by market strength [6] Company Strategy and Development Direction - The company is focused on investing in enterprise solutions, including software and cloud services, which are seen as key to long-term success [7] - The company remains optimistic about the food tagging market, viewing it as a significantly larger opportunity than current markets [7][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued secular endpoint IC growth and category expansion, with a strong pipeline of enterprise accounts [9] - The management highlighted the importance of authentication and security in the market, indicating a need for increased efforts in these areas [64] Other Important Information - The company ended Q3 with cash, cash equivalents, and investments of $227.4 million, up from $220.2 million in Q2 2024 [12] - Third quarter gross margin was 52.4%, compared to 58.2% in Q2 2024, with expectations for sequential improvement in Q4 [10][11] Q&A Session Summary Question: Systems business outlook for Q4 - Management expects fourth quarter Systems revenue to increase sequentially due to seasonal strength and ongoing deployments from a visionary European retailer [16][17] Question: Food tagging opportunity - Management highlighted strong positioning in the food market, with significant opportunities in quick-serve restaurants and grocery stores [18][19] Question: Drivers of September quarter results - Management noted broad-based industry adoption across supply-chain, logistics, retail, and apparel sectors as key drivers of strong results [22][23] Question: Qualcomm partnership implications - Management discussed the positive impact of Qualcomm's public statement on RAIN technology, enhancing its position as a data carrier for digital product passports [28][29] Question: M800 certification update - Two major inlay partners have received certification for the M800, with expectations for more certifications soon, indicating a healthy ramp for the product [43][44] Question: Authentication opportunity in Asia - Management indicated that the authentication opportunity is critical for future growth, with ongoing replenishments expected in Q4 [63][64]

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.15%. A quarter ago, it was expected that this provider of radio frequency identification products would post earnings of $0.73 per share when it actually produced earnings of $0.83, delivering a surprise of 13.70%.Over t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of incorporati ...

Exhibit 99.1 Impinj Reports Third Quarter 2024 Financial Results SEATTLE, WA, October 23, 2024– Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the third quarter ended September 30, 2024. "Our third-quarter results were strong, with revenue and profitability well above our guidance," said Chris Diorio, Impinj co-founder and CEO. "These results again demonstrate the leverage in our operating model. As we continue driving our bol ...

Shares of Impinj (PI) have been strong performers lately, with the stock up 14.5% over the past month. The stock hit a new 52-week high of $190.22 in the previous session. Impinj has gained 107.3% since the start of the year compared to the 20.3% move for the Zacks Computer and Technology sector and the 24.2% return for the Zacks Electronics - Semiconductors industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consen ...

Impinj is being added to the S&P small-cap index. Shares of Impinj (PI 9.10%) were moving higher today on news that the company was joining the S&P SmallCap 600 after S&P Global made its quarterly rebalancing announcement Friday afternoon. As a result, Impinj stock was trading higher by 10% as of 2:03 p.m. ET on Monday. Impinj gets a stamp of approval The announcement from the S&P was the latest sign that Impinj's recent growth is here to stay as the specialist in RAIN RFID tags, which allow the tracing of ...