Impinj Second Quarter 2024 Earnings: Beats Expectations

Impinj (NASDAQ:PI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$102.5m (up 19% from 2Q 2023).
• Net income: US$9.96m (up from US$8.07m loss in 2Q 2023).
• Profit margin: 9.7% (up from net loss in 2Q 2023).
• EPS: US$0.36 (up from US$0.30 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Impinj Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 8.9% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Impinj that you need to be mindful of.

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