Impinj shares rise after Q1 beat and strong Q2 forecast
Updated
Updated · MarketWatch · Apr 30
Impinj shares rise after Q1 beat and strong Q2 forecast
6 articles · Updated · MarketWatch · Apr 30
The stock traded 22% higher at $146.70 after the RAIN RFID company posted $74.3 million in first-quarter revenue and projected $103 million to $106 million for the second quarter.
Adjusted earnings were 14 cents a share, above forecasts, while net loss widened to $25.3 million from $8.5 million a year earlier.
Chief executive Chris Diorio said record bookings for Endpoint IC chips supported the outlook, extending a rally also linked in earlier reports to demand from retail and supply-chain logistics.
Beyond Impinj's profits, what are the hidden costs for suppliers forced to adopt its mandated RFID technology?
RFID promises less waste, but what's the environmental cost of producing billions of disposable electronic tags?
As RFID tracks every product, are we trading consumer privacy for supply chain efficiency?