Flexible Electronics News

Impinj Reports 2Q 2023 Financial Results

RFID specialist reports revenue of $86 million, adjusted EBITDA of $10 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Impinj, Inc. released its financial results for the second quarter ended June 30, 2023. “Second-quarter revenue set a new record, with strong systems revenue offsetting weak endpoint IC revenue from retail apparel inventory destocking,” said Chris Diorio, Impinj co-founder and CEO. “We expect ongoing headwinds associated with that apparel inventory destocking, as well as weakness in the overall retail macroenvironment, to more-than-offset strength in our enterprise solutions opportunities in ...

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