NASDAQ$PI
Impinj Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Impinj's third-quarter results were strong, with revenue and profitability well above guidance.
Impinj reported strong third-quarter results with revenue of $95.2 million and GAAP net income of $0.2 million, demonstrating leverage in their operating model.
- Revenue reached $95.2 million.
- GAAP gross margin was 50.0%, while non-GAAP gross margin was 52.4%.
- GAAP net income was $0.2 million, or $0.01 per diluted share.
- Non-GAAP net income was $16.9 million, or $0.56 per diluted share.
Headline financials
Revenue & EPS history
Impinj · Revenue · Quarterly
$95.2M
Forward guidance
Impinj anticipates revenue between $91.0 million and $94.0 million for the fourth quarter of 2024, with a GAAP net loss ranging from ($3.8) million to ($2.3) million. Non-GAAP net income is expected to be between $13.4 million and $14.9 million, resulting in a non-GAAP net income per share between $0.45 and $0.49.
Tailwinds
- Revenue is expected to be between $91.0 million and $94.0 million.
- Adjusted EBITDA income is projected to be $13.6 million to $15.1 million.
- Non-GAAP net income is forecasted to be $13.4 million to $14.9 million.
- Non-GAAP net income per share is expected to be $0.45 to $0.49.
- The guidance reflects continued growth and profitability.
Headwinds
- GAAP net loss is projected to be ($3.8) million to ($2.3) million.
- GAAP net loss per share is expected to be ($0.14) to ($0.08).
- Actual results may differ materially due to market conditions.
- Guidance is based on current market conditions and expectations.
- Forward-looking statements are subject to risks and uncertainties.
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 Q3 2024
+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
| Quarter | Report date | Reaction (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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