Impinj (PI) Misses Q3 EPS by 5c, Revenues Yn-Line; Offers Q4 EPS/Revenue Outlook

Impinj (NASDAQ: PI) reported Q3 EPS of ($0.08), $0.05 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $32.6 million versus the consensus estimate of $32.58 million.

Third Quarter 2017 Financial Summary

• Revenue grew 5% year-over-year to $32.6 million
• GAAP gross margin of 52.1%; non-GAAP gross margin of 53.7%
• GAAP net loss of $4.9 million, or loss of $0.23 per basic and diluted share using 20.8 million shares
• Adjusted EBITDA loss of $1.5 million
• Non-GAAP net loss of $1.6 million, or loss of $0.08 per diluted share using 20.8 million shares

GUIDANCE:

Impinj sees Q4 2017 EPS of ($0.24)-($0.16), versus the consensus of $0.02. Impinj sees Q4 2017 revenue of $28.25-29.75 million, versus the consensus of $35.43 million.

For earnings history and earnings-related data on Impinj (PI) click here.

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