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Impinj Announces Preliminary Fourth-Quarter 2022 Revenue Ahead of Participation at 25th Annual Needham Growth Conference
SEATTLE--(BUSINESS WIRE)-- Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it expects
About this update from Impinj, Inc.
[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nImpinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today announced that it expects fourth-quarter 2022 revenue to exceed $76 million, above its prior guidance of $71.5 – $73.5 million.\n\nThe company also announced that Cary Baker, Impinj CFO, will participate in a fireside chat at the 25th Annual Needham Growth Conference on Wednesday, January 11, 2023, at 11:00 a.m. ET. A live webcast and replay of the presentation will be available on the company’s website at investor.impinj.com.\n\nFourth-Quarter and Full-Year 2022 Earnings Conference Call Details\n\nImpinj will release financial results for its fourth quarter and full year ended December 31, 2022, after U.S. markets close on Wednesday, February 8, 2023.\n\nImpinj will host a conference call and webcast to discuss its fourth-quarter and full-year 2022 results and first-quarter 2023 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-5196. A live webcast and replay will be available on the company’s website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering passcode 2251852.\n\nManagement’s prepared written remarks, quarterly financial data for the last eight quarters and the financial-results press release will be made available on the company’s website at investor.impinj.com on February 8, 2023.\n\nForward-Looking Statements\n\nThis 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 our preliminary fourth-quarter 2022 revenue expectation. We base this preliminary expectation on current assumptions, which involve risks and uncertainties that could cause actual revenue results to differ materially including, among others, those risks and uncertainties included under the caption \"Risk Factors\" and elsewhere in our annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission. Furthermore, we are in the process of finalizing our fourth-quarter 2022 financial results and our final, audi...