08.02.22
Impinj, Inc. released its financial results for the second quarter ended June 30, 2022.
“Our second-quarter results were strong, with revenue and profitability exceeding our guidance,” said Chris Diorio, Impinj co-founder and CEO. “I expect demand to remain strong through second-half 2022, as we continue investing in our team, operations and platform.”
Second quarter 2022 financial summary:
• Revenue of $59.8 million
• GAAP gross margin of 52.7%; non-GAAP gross margin of 54.7%
• GAAP net loss of $11.5 million, or loss of $(0.45) per diluted share using 25.4 million shares
• Adjusted EBITDA of $3.8 million
• Non-GAAP net income of $3.0 Million, or income of $0.11 per diluted share using 26.6 million shares
“Our second-quarter results were strong, with revenue and profitability exceeding our guidance,” said Chris Diorio, Impinj co-founder and CEO. “I expect demand to remain strong through second-half 2022, as we continue investing in our team, operations and platform.”
Second quarter 2022 financial summary:
• Revenue of $59.8 million
• GAAP gross margin of 52.7%; non-GAAP gross margin of 54.7%
• GAAP net loss of $11.5 million, or loss of $(0.45) per diluted share using 25.4 million shares
• Adjusted EBITDA of $3.8 million
• Non-GAAP net income of $3.0 Million, or income of $0.11 per diluted share using 26.6 million shares