Impinj Announces Preliminary Fourth-Quarter 2020 Revenue Ahead of Participation at 23rd Annual Needham Virtual Growth Confere...
January 11 2021 - 8:30AM
Business Wire
Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of
RAIN RFID solutions, today announced that it expects preliminary
fourth quarter 2020 revenue to exceed $36.0 million, above its
prior guidance of $26.5 – 28.5 million.
The company also announced that Chris Diorio, Impinj co-founder
and CEO, and Cary Baker, Impinj CFO, will participate in a fireside
chat at the Needham Virtual Growth Conference:
Event: 23rd Annual Needham Virtual Growth
Conference Time: Wednesday, January 13, 2021 at 12:30 p.m. ET
The presentation will be webcast and can be accessed on the
company’s website at investor.impinj.com.
Impinj to Announce Fourth-Quarter and Year-end 2020 Financial
Results
Impinj will release financial results for its fourth quarter and
year ended December 31, 2020 after U.S. markets close on Wednesday,
February 10, 2021. Impinj will host a conference call and webcast
for analysts and investors to discuss its fourth-quarter and
year-end 2020, as well as its outlook for first-quarter 2021, at
5:00 p.m. ET / 2:00 p.m. PT that day. The call will be open to the
public and interested parties may listen to the call by dialing
+1-412-317-5196, or by accessing the webcast from the company’s
website at investor.impinj.com.
A telephonic replay of the call will be available one hour after
the call and will run for five business days. It can be accessed by
dialing +1-412-317-0088 and entering passcode 10150880. An archived
version of the webcast will be available for one year on the
company’s website at investor.impinj.com.
Management’s prepared written remarks, along with quarterly
financial data for the last eight quarters, will be made available
on our website at investor.impinj.com commensurate with this
release.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include a statement regarding our preliminary estimate
of fourth quarter 2020 revenue. Such statements are based on
current assumptions that involve risks and uncertainties that could
cause actual outcomes and results to differ materially. These risks
and uncertainties, many of which are beyond our control, include
the risks set forth in our filings with the Securities and Exchange
Commission. Furthermore, we are in the process of finalizing our
financial results for the fourth quarter 2020, and therefore our
finalized and audited results and final analysis of those results
are not yet available. The preliminary expectations regarding
fourth quarter 2020 revenue are the responsibility of management,
are subject to management’s review and actual results could differ
from management’s expectations. The actual results are also subject
to audit by our independent registered public accounting firm and
no assurance is given by our independent registered public
accounting firm on such preliminary expectations. You should not
draw any conclusions as to any other financial results as of and
for the quarter ended December 31, 2020 based on the foregoing
estimates. These forward-looking statements speak only as of the
date hereof. Impinj disclaims any obligation to update these
forward-looking statements.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyze,
optimize, and innovate by wirelessly connecting billions of
everyday things—such as apparel, automobile parts, luggage, and
shipments—to the Internet. The Impinj platform uses RAIN RFID to
deliver timely data about these everyday things to business and
consumer applications, enabling a boundless Internet of Things.
www.impinj.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210111005286/en/
Investor Relations Contact Investor Relations
+1-206-315-4470 ir@impinj.com
Media Contact Jill West Vice President, Strategic
Communications +1 206-834-1110 jwest@impinj.com
Impinj (NASDAQ:PI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Impinj (NASDAQ:PI)
Historical Stock Chart
From Sep 2023 to Sep 2024