Flexible Electronics News

Impinj Announces First Quarter 2017 Financial Results

During the first quarter of 2017, revenue grew 47% year-over-year to $31.7 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Impinj, Inc. announced its financial results for the first quarter ended March 31, 2017.   During the first quarter of 2017, revenue grew 47% year-over-year to $31.7 million. GAAP gross margin was 52.9%; non-GAAP gross margin was 54.2%. GAAP net loss was $2.2 million, or loss of $0.11 per diluted share using 20.3 million shares. Adjusted EBITDA was $0.2 million.   “We delivered a solid first quarter, with revenue growing 47% over last year driven by the team’s strong execution and continued ...

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