Impinj Chief Executive Officer, Vice Chair, and Co-Founder
Seattle based company Impinj, who are a RAIN RFID and IoT provider have this week released their financial results for the first quarter of 2022.
The NASDAQ listed company posted revenues of $53.1m with a GAAP gross margin go 54.2% and a net GAAP loss of $10.5m. Their earnings before interest, taxes, depreciation and amortisation was 3.5m.
While the company posted losses, the CEO Chris Diorio stated that the company had posted record revenue figures and solid profitability.
Our first-quarter results were strong, with demand for our endpoint ICs, reader ICs, readers and gateways all showing extraordinary strength, We delivered record revenue and solid profitability while investing in our team, company and platform.
Chris Diorio, Impinj co-founder and CEO
In their statement, they posted a second quarter financial outlook, more details of which can be found directly on their news feed.
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