Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID solutions for identifying, locating and authenticating everyday items, today released its financial results for the first quarter ended March 31, 2019.
"First-quarter results were strong, with revenue, net loss and adjusted EBITDA loss outperforming our guidance and revenue a record for a first-quarter," said Chris Diorio, Impinj co-founder and CEO. "We also announced our new Impinj M700 endpoint IC family, which I believe to be our most exciting new-product introduction in a decade. The Impinj M700 dramatically shrinks chip size while increasing the range, reliability and read speed of RAIN RFID systems. It demonstrates, yet again, Impinj’s innovation, competitive advantages and industry leadership."
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