Impinj (PI) Misses Q1 EPS by 1c, Beats on Revenues

Impinj (NASDAQ: PI) reported Q1 EPS of ($0.38), $0.01 worse than the analyst estimate of ($0.37). Revenue for the quarter came in at $25.1 million versus the consensus estimate of $23.96 million.

First Quarter 2018 Financial Summary

• Revenue was $25.1 million
• GAAP gross margin of 46.9%; non-GAAP gross margin of 49.2%
• GAAP net loss of $14.4 million, or loss of $0.68 per basic and diluted share using 21.1 million shares
• Adjusted EBITDA loss of $7.1 million
• Non-GAAP net loss of $8.0 million, or loss of $0.38 per diluted share using 21.1 million shares, calculated using our historical methodology for non-GAAP net income; see "Non-GAAP Financial Measures" below for more information

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

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