Impinj: Fourth Quarter Financial Overview

Impinj Inc. Announces Fourth Quarter Financial Results

Impinj Inc., headquartered in Seattle, disclosed a net loss of $1.1 million for its fourth quarter.

The company reported a loss of $0.04 per share. After adjusting for non-recurring items, earnings stood at $0.50 per share.

During this period, Impinj generated $92.8 million in revenue from its radio frequency identification product offerings.

Looking at the full year, Impinj recorded a total loss of $10.8 million, translating to $0.37 per share, with annual revenue reaching $361.1 million.

For the first quarter ending in March, the company anticipates earnings per share to fall between $0.08 and $0.13.

Revenue for the upcoming fiscal quarter is projected to be between $71 million and $74 million.