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Impinj Announces Preliminary Fourth-Quarter 2023 Revenue and Adjusted EBITDA Ahead of Participation at 26th 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 2023 revenue to exceed $70 million, above its prior guidance of $65.5 to $68.5 million and adjusted EBITDA to exceed $2.5 million, above its prior guidance of ($0.9) to $0.7 million.\n\n\nThe company also announced that Chris Diorio, Impinj co-founder and CEO, and Cary Baker, Impinj CFO, will participate in a fireside chat at the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024, at 10:15 a.m. ET. A live webcast and replay of the presentation will be available on the company’s website at investor.impinj.com.\n\n\nFourth-Quarter and Full-Year 2023 Earnings Conference Call Details\n\n\nImpinj will release financial results for its fourth quarter and full year ended December 31, 2023, after U.S. markets close on Thursday, February 8, 2024.\n\n\nImpinj will host a conference call and webcast to discuss its fourth-quarter and full-year 2023 results and first-quarter 2024 outlook at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may listen to the call by dialing +1-412-317-1863. 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 4299421.\n\n\nManagement’s prepared written remarks, quarterly financial data and the financial-results press release will be made available on the company’s website at investor.impinj.com on February 8, 2024.\n\n\nForward-Looking Statements\n\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 2023 revenue and adjusted EBITDA expectations. We base these preliminary expectations on current assumptions, which involve risks and uncertainties that could cause actual revenue and adjusted EBITDA 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 Fo...