Impinj (PI) Misses Q4 EPS by 9c, Miss on Revenues; Boosts Q1 Revenue Outlook

Impinj (NASDAQ: PI) reported Q4 EPS of ($0.28), $0.09 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $26.9 million versus the consensus estimate of $29.5 million.

Fourth Quarter 2017 Financial Summary

• Revenue declined 20% year-over-year to $26.9 million
• GAAP gross margin of 48.4%; non-GAAP gross margin of 50.5%
• GAAP net loss of $9.3 million, or loss of $0.45 per basic and diluted share using 20.9 million shares
• Adjusted EBITDA loss of $5.8 million
• Non-GAAP net loss of $5.9 million, or loss of $0.28 per diluted share using 20.9 million shares
• As a result, Impinj is increasing the revenue outlook for the first quarter of 2018 by $3.25 million, to between $23.25 and $25.25 million.

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

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