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Revenue grew 5% year-over-year to $32.6 million, with GAAP gross margin of 52.1%.
November 2, 2017
By: DAVID SAVASTANO
Editor, Ink World Magazine
Impinj, Inc. announced its financial results for the third quarter ended Sept. 30, 2017. Third quarter 2017 revenue grew 5% year-over-year to $32.6 million, with GAAP gross margin of 52.1%. GAAP net loss was $4.9 million, or loss of $0.23 per basic and diluted share using 20.8 million shares. Adjusted EBITDA loss was $1.5 million. “We delivered a solid third quarter with strong reader and gateway volume growth,” said Chris Diorio, Impinj co-founder and CEO. “Our 2017 endpoint IC unit gui...
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