NASDAQ$PI

Impinj Inc. · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Impinj reported its financial results for the fourth quarter and full year ended December 31, 2024.

Impinj delivered strong financial results in 2024, successfully resolved patent litigation, and introduced market-leading products. Despite anticipated first-quarter headwinds, the company plans to leverage its competitive advantages for future growth.

  • Fourth quarter revenue reached $91.6 million.
  • GAAP net loss for the quarter was $2.7 million, or $0.09 per diluted share.
  • Adjusted EBITDA for the fourth quarter was $15.0 million.
  • Non-GAAP net income for the quarter was $14.5 million, or $0.48 per diluted share.

Headline financials

Total Revenue

$91.6M

Previous: $70.7M+29.7%
EPS (adj)

$0.48

Previous: $0.09+433.3%
GAAP Gross Margin

50.5%

Previous: 47.9%+5.4%
Non-GAAP Gross Margin

53.1%

Previous: 50.9%+4.3%
Adjusted EBITDA

$15M

Previous: $2.95M+409.0%
Capital Expenditures

-$4.13M

Previous: -$2.62M-57.5%
Net Income

-$2.7M

Previous: -$15.2M+82.2%
Operating Income

-$3.61M

Previous: -$14.8M+75.7%
Gross Profit

$46.2M

Previous: $33.9M+36.5%
R&D Expense

$25.9M

No prior period

Revenue & EPS history

Impinj · Revenue · Quarterly

$91.6M

Q4 2024+29.7%vs Q4 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

For the first quarter of 2025, Impinj anticipates revenue between $70.0 million and $73.0 million, a GAAP net loss between $16.8 million and $15.3 million, and adjusted EBITDA between $1.1 million and $2.6 million.

Tailwinds

  • Anticipated adjusted EBITDA of $1.1 million to $2.6 million for Q1 2025.
  • Non-GAAP net income per share expected to be $0.06 to $0.11.
  • Management expects to press competitive advantages.
  • Company aims to emerge as a stronger entity.
  • Guidance reflects current market conditions and expectations.

Headwinds

  • First-quarter headwinds are anticipated.
  • GAAP net loss expected to be between $16.8 million and $15.3 million.
  • GAAP net loss per share projected at $0.59 to $0.53.
  • Revenue guidance of $70.0 million to $73.0 million is lower than Q4 2024.
  • The guidance is subject to market conditions and other risks.

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 Q4 2024

Historical avgQ4 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

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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