Impinj (NASDAQ: PI) reported Q4 EPS of $0.03, $0.03 better than the analyst estimate of $0.00. Revenue for the quarter came in at $40.8 million versus the consensus estimate of $38.1 million.

Fourth Quarter 2019 Financial Summary

• Revenue of $40.8 million
• GAAP gross margin of 48.8%; non-GAAP gross margin of 50.6%
• GAAP net loss of $7.7 million, or loss of $0.35 per diluted share using 22.2 million shares
• Adjusted EBITDA of $1.0 million
• Non-GAAP net income of $0.8 million, or income of $0.03 per diluted share using 22.8 million shares

“I am very pleased with Impinj\'s 2019 execution and results,” said Chris Diorio, Impinj co-founder and CEO. “We delivered three consecutive record revenue quarters and strengthened our balance sheet. We also introduced game-changing new products that solidified our platform and advanced our strategy. We enter 2020 with strong momentum and a solid foundation for our business.”

GUIDANCE:

Impinj sees Q1 2020 EPS of ($0.11)-$0.02, versus the consensus of ($0.09). Impinj sees Q1 2020 revenue of $37-41 million, versus the consensus of $36.05 million.

For earnings history and earnings-related data on Impinj (PI) click here.