NASDAQ$PI

Impinj Inc. · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Impinj's first-quarter revenue was strong, setting another company record.

Impinj reported strong first-quarter revenue of $47.8 million, setting a new company record. The company reported a GAAP net loss of $4.3 million, or a loss of $0.19 per diluted share. Non-GAAP net income was $2.9 million, or $0.13 per diluted share.

  • First-quarter revenue reached $47.8 million.
  • GAAP gross margin was 44.7%, while non-GAAP gross margin was 46.1%.
  • GAAP net loss amounted to $4.3 million, or a loss of $0.19 per diluted share.
  • Non-GAAP net income was $2.9 million, or income of $0.13 per diluted share.

Headline financials

Total Revenue

$47.8M

Previous: $33.1M+44.6%
EPS (adj)

$0.13

Previous: -$0.11+218.2%
Adjusted EBITDA

$2.99M

No prior period
Capital Expenditures

-$1.11M

Previous: -$305K-264.6%
Free Cash Flow

-$5.44M

Previous: -$7.37M+26.2%
Net Income

-$4.33M

Previous: -$7.07M+38.8%
Operating Income

-$3.4M

Previous: -$6.93M+51.0%
Gross Profit

$21.4M

Previous: $15.9M+34.8%
Cash & Equivalents

$83.7M

Previous: $18.7M+348.6%
Total Assets

$218M

Previous: $158M+37.7%

Revenue & EPS history

Impinj · Revenue · Quarterly

$47.8M

Q1 2020+44.6%vs Q1 2019
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

Impinj is continuing to monitor the impact of the Covid-19 pandemic on its business. However, given the uncertainty regarding the duration and severity of the epidemiological, economic and operational impacts of Covid-19, as of the date of this report Impinj cannot reasonably estimate the pandemic’s impact on its operating results for the second quarter of 2020 or future periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.1%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+6.5%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+36.6%

Q1 2019

Best reaction

-39.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+24.9%+25.6%
Q4 2025-24.6%-30.5%-38.7%
Q3 2025-14.7%-27.4%-29.0%
Q1 2025+16.5%+16.4%+45.3%
Q4 2024-15.2%-16.3%-20.9%
Q3 2024-14.0%-8.0%-14.5%
Q2 2024-1.4%+1.2%+1.3%
Q1 2024+25.8%+27.3%+34.5%
Q4 2023+2.7%-3.8%+8.3%
Q3 2023+16.0%+13.8%+55.5%
Q2 2023-13.7%-17.0%-23.9%
Q1 2023-39.4%-36.7%-26.0%
Q4 2022-2.7%-1.1%-1.5%
Q3 2022+30.9%+30.2%+38.5%
Q2 2022+21.6%+26.9%+36.0%
Q1 2022-0.8%+2.3%-4.7%
Q4 2021-15.4%-18.5%-30.1%
Q3 2021+23.9%+26.9%+29.5%
Q2 2021+7.6%+11.6%+44.6%
Q1 2021-17.6%-9.6%-8.4%
Q4 2020+9.1%+8.3%-6.7%
Q3 2020-5.9%-9.8%+20.9%
Q2 2020-18.3%-15.6%-14.0%
Q1 2020+12.2%+5.1%+37.8%
Q4 2019-17.6%-25.1%-51.6%
Q3 2019+2.3%-0.3%-10.5%
Q2 2019+10.5%+0.5%+0.9%
Q1 2019+36.6%+38.4%+14.8%
Q4 2018+2.1%+2.0%-1.3%
Q3 2018+3.3%+24.2%+17.4%
Q2 2018+34.7%+33.8%+7.6%
Q1 2018+33.7%+31.3%+57.6%
Q4 2017-14.3%-6.6%+5.3%
Q3 2017-36.9%-29.7%-28.1%
Q2 2017-23.5%-23.7%-20.5%
Q1 2017+12.6%+6.5%+25.4%
Q4 2016-14.6%-21.0%-21.3%
Q3 2015+1.1%+11.8%+33.8%
Q3 2016+9.7%+10.8%+6.5%
Q2 2016+21.2%+43.6%+64.5%
Q1 2016
Q4 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2011
Q1 2010

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