Semiconductors and Semiconductor Equipment
Company Overview of Impinj, Inc.
Impinj, Inc. provides ultra high frequency radio frequency identification (RFID) solutions for identifying, locating, and authenticating items. The company’s products include Indy Reader Chips that include integrated radio chips and supporting SDKs; Monza Tag Chips, which deliver memory options and extended features to RFID tags; and Speedway fixed RFID readers and antennas for RFID-based information. It also provides STP Source Tagging Platform, a platform for the creation of high-performance encoding and verification systems. The company serves retail, asset management, consumer electronics, entertainment, healthcare, internet of things, and logistics markets. It sells its products through...
400 Fairview Avenue North
Seattle, WA 98109
Founded in 2000
Key Executives for Impinj, Inc.
Co-Founder, Vice Chairman and Chief Executive Officer
Total Annual Compensation: $445.9K
President and Chief Operating Officer
Total Annual Compensation: $394.4K
Senior Vice President of Global Sales
Total Annual Compensation: $363.4K
Compensation as of Fiscal Year 2015.
Impinj, Inc. Key Developments
Impinj Announces xSpan
Sep 20 16
Impinj announced xSpan, a new RAIN RFID gateway that delivers the real-time identity and transition detection of inventory, assets and other business-critical items. Ideal for use in facility entrances and exits, doorways, hallways, hospital rooms and similar spaces, xSpan is optimized to track items as they move along a path. xSpan has the aesthetics to blend into high-end retail stores yet is rugged enough for warehouse logistics and shipping environments. xSpan joins Impinj's existing xArray gateway in providing both item identity and location along a path. Impinj's gateway products are part of the connectivity layer of the Impinj platform, which includes endpoints, connectivity and software. xSpan's Features Combine Real-time Monitoring and Transition Detection in a Simple-to-Deploy Package. Real-time Monitoring: A single xSpan provides continuous item visibility in a coverage area up to 1,000 square feet. Multiple xSpans combined with other Impinj connectivity devices can cover larger areas. Transition Detection: Able to track items as they move along a path, xSpan can help companies understand when items are entering or exiting areas, or transitioning between zones. Simple Deployment: xSpan is power-over-Ethernet (PoE), low-profile and lightweight, making it versatile and easy to install on both ceilings and walls. xSpan maintains peak performance with Impinj's patented Autopilot™ technology, which automatically optimizes xSpan's settings based on its environment. xSpan is Gen2v2 and ISO/IEC 18000-63 compliant and can be deployed as part of an Impinj platform solution or in a mixed RAIN deployment. Customers who deploy the Impinj platform, including Impinj endpoints, connectivity devices and enterprise-class software, achieve enhanced functionality over a mixed deployment. Impinj's enterprise-class software, ItemSense, delivers item identity and location information from xSpan and other Impinj connectivity devices to partner applications, while also simplifying system configuration, deployment and management.
Impinj, Inc.(NasdaqGS:PI) added to S&P TMI Index
Sep 19 16
Impinj, Inc.(NasdaqGS:PI) added to S&P TMI Index
Impinj, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; Provides Earnings Guidance for the Third Quarter of 2016
Aug 31 16
Impinj, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the six months, the company reported total revenue was $47.62 million compared to $35.19 million a year ago. Loss from operations was $1.65 million compared to income from operations of $0.48 million a year ago. Loss before tax expense was $2.53 million compared to income before tax expense of $0.12 million a year ago. Net loss was $2.58 million compared to net income of $0.069 million a year ago. Net loss attributable to common stockholders was $8.23 million or $1.92 per basic and diluted share compared to $5.58 million or $1.48 per basic and diluted share a year ago. Net cash used in operating activities was $6.32 million compared to $3.69 million a year ago. Purchases of property and equipment was $1.05 million compared to $0.44 million a year ago. Adjusted EBITDA was $0.499 million compared to $1.92 million a year ago. Non-GAAP Net loss was $0.406 million or $0.03 per diluted share compared to Non-GAAP Net Income of $1.459 million or $0.11 per diluted share a year ago.
For the quarter, the company reported total revenue was $25.99 million compared to $19.12 million a year ago. Income from operations was $0.22 million compared to $1.21 million a year ago. Loss before tax expense was $0.21 million compared to income before tax expense of $1.00 million a year ago. Net loss was $0.25 million compared to net income of $0.97 million a year ago. Net loss attributable to common stockholders was $3.08 million or $0.71 per basic and diluted share compared to $1.85 million or $0.48 per basic and diluted share a year ago. Adjusted EBITDA was $1.32 million compared to $1.93 million a year ago. Non-GAAP Net Income was $0.868 million or $0.06 per diluted share compared to $1.672 million or $0.12 per diluted share a year ago.
The company provided earnings guidance for the third quarter of 2016. For the third quarter of 2016, the company currently expects: revenue in the range of $27.4 million to $28.9 million. Adjusted EBITDA in the range of $0.3 million to $1.8 million. Non-GAAP net income in the range of $0.2 million to $1.7 million, and non-GAAP earnings per share in the range of $0.01 and $0.09.
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