Semiconductors and Semiconductor Equipment
Company Overview of Impinj, Inc.
Impinj, Inc. provides RAIN radio-frequency identification technology solutions. The company offers endpoint integrated-circuits (ICs), reader ICs, readers, and gateways that enable wireless connectivity to various items, and software that delivers item intelligence from endpoint reads. The company’s platform meets end user needs across a range of industries, including retail and healthcare, and scalable from a single location, store or hospital, and large enterprises. Its platform connects various items, such as apparel, medical supplies, automobile parts, drivers’ licenses, food, and luggage to applications, including inventory management, patient safety, asset tracking and item authenticat...
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, Inc. Presents at 19th Annual Needham Growth Conference, Jan-10-2017 10:40 AM
Dec 13 16
Impinj, Inc. Presents at 19th Annual Needham Growth Conference, Jan-10-2017 10:40 AM. Venue: Lotte New York Palace, 455 Madison Avenue at 50th Stree, New York, NY 10022, United States. Speakers: Chris Diorio, Co-Founder, Vice Chairman and Chief Executive Officer, Evan Fein, Chief Financial Officer and Senior Vice President.
Impinj To Seek Acquisitions.
Nov 21 16
Impinj, Inc. (NasdaqGS:PI) has filed a Follow-on Equity Offering in the amount of $75 million. Impinj expect to use the net proceeds from this offering for working capital and other general corporate purposes. Impinj may also use a portion of the net proceeds to acquire, license and invest in complementary products, technologies or businesses; however, Impinj currently have no agreements or commitments to complete any such transaction.
Impinj, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Year 2016
Nov 3 16
Impinj, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenue was $30.01 million compared to $20.664 million a year ago. Income from operations was $0.813 million compared to $0.602 million a year ago. Income before tax expense was $0.851 million compared to $0.042 million a year ago. Net income was $0.808 million compared to $0.013 million a year ago. Net income attributable to common stockholders was $0.200 million or $1.01 per basic and diluted share compared to net loss of $2.813 million or $0.72 per basic and diluted share a year ago. Adjusted EBITDA was $2.227 million compared to $1.330 million a year ago. Non-GAAP net loss was $1.914 million or $0.10 per diluted share compared to Non-GAAP net income of $1.044 million or $0.08 per diluted share a year ago.
For the nine months, the company reported total revenue was $78.632 million compared to $55.852 million a year ago. Loss from operations was $0.833 million compared to income of $1.079 million a year ago. Loss before tax expense was $1.678 million compared to income before tax expense of $0.160 million a year ago. Net loss was $1.776 million compared to net income of $0.082 million a year ago. Net loss attributable to common stockholders was $8.034 million or $1.01 per basic and diluted share compared to $8.394 million or $2.20 per basic and diluted share a year ago. Net cash used in operating activities was $9.499 million compared to net cash provided by operating activities of $0.5 million a year ago. Purchases of property and equipment was $2.327 million compared to $2.639 million a year ago. Adjusted EBITDA was $2.727 million compared to $3.246 million a year ago. Non-GAAP net income was $1.513 million or $0.10 per diluted share compared to $2.590 million or $0.19 per diluted share a year ago.
The company provided earnings guidance for the fourth quarter of 2016. For the fourth quarter of 2016, the company currently expects: revenue in the range of $31.5 million to $33.0 million, adjusted EBITDA in the range of $0.75 million to $2.25 million, non-GAAP net income in the range of $0.75 million to $2.25 million, and non-GAAP diluted earnings per share in the range of $0.04 and $0.11 using approximately 20.2 million shares.
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