- Impinj Inc. (PI, Financial) reports first-quarter 2025 revenue of $74.3 million, surpassing guidance.
- GAAP net loss stands at $8.5 million; non-GAAP net income at $6.3 million.
- Second-quarter revenue projected between $91.0 to $96.0 million.
Impinj Inc. (PI), a leader in RAIN RFID technology, released its financial results for the first quarter ending March 31, 2025. According to the company's report, Impinj achieved revenue of $74.3 million, exceeding its previous guidance, despite posting a GAAP net loss of $8.5 million, or a loss of $0.30 per diluted share based on 28.6 million shares.
On a non-GAAP basis, Impinj recorded net income of $6.3 million, translating to an income of $0.21 per diluted share using 29.4 million shares. The non-GAAP gross margin was reported at 52.7% compared to the GAAP gross margin of 49.4%.
Looking forward, Impinj projects its second-quarter revenue for 2025 to range between $91.0 million and $96.0 million. The company anticipates GAAP net income to be between $5.6 million and $8.1 million, with adjusted EBITDA expected to range from $23.5 million to $26.0 million.
Impinj will discuss these results and its second-quarter 2025 outlook during a conference call today, April 23, 2025, at 5:00 p.m. ET / 2:00 p.m. PT, accessible through a webcast on its investor relations website. The conversation will also be available for replay thereafter.
