PI recently reported fantastic earnings and provided guidance that shocked the market, producing a 21% jump. The stock is now consolidating and we anticipate much greater gains in the next three quarters. By looking at the volume profile it is clear that funds and institutional investors have latched onto this train.
Results
Impinj (NASDAQ:PI): Q1 Non-GAAP EPS of -$0.11 beats by $0.15; GAAP EPS of -$0.33.
Revenue of $33.1M (+31.9% Y/Y) beats by $2.02M.
Upside Q2 guidance has revenue from $34M to $36M (consensus: $33M) and EPS from -$0.11 to -$0.04 (consensus: -$0.19).
Company Description
IImpinj, Inc. engages in the development and sale of RAIN, a radio frequency identification solution. Its platform allows inventory management, patient safety, asset tracking and item authentication for the retail, healthcare, supply chain & logistics, hospitality, food & beverage and industrial manufacturing industries.
Results
Impinj (NASDAQ:PI): Q1 Non-GAAP EPS of -$0.11 beats by $0.15; GAAP EPS of -$0.33.
Revenue of $33.1M (+31.9% Y/Y) beats by $2.02M.
Upside Q2 guidance has revenue from $34M to $36M (consensus: $33M) and EPS from -$0.11 to -$0.04 (consensus: -$0.19).
Company Description
IImpinj, Inc. engages in the development and sale of RAIN, a radio frequency identification solution. Its platform allows inventory management, patient safety, asset tracking and item authentication for the retail, healthcare, supply chain & logistics, hospitality, food & beverage and industrial manufacturing industries.