Impinj (NASDAQ: PI) reported Q4 EPS of ($0.15), $0.07 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $36.4 million versus the consensus estimate of $34.9 million.

Fourth Quarter 2020 Financial Summary

• Revenue of $36.4 million
• GAAP gross margin of 47.8%; non-GAAP gross margin of 50.4%
• GAAP net loss of $15.7 million, or loss of $0.68 per diluted share using 23.2 million shares
• Adjusted EBITDA loss of $3.1 million
• Non-GAAP net loss of $3.5 million, or loss of $0.15 per diluted share using 23.2 million shares

“Our fourth-quarter results capped a strong close to a turbulent year,” said Chris Diorio, Impinj co-founder and CEO. “Despite the Covid-19 headwinds, Impinj exited 2020 having invested in our opportunity, introducing two new product families, achieving significant end-user success milestones and solidifying our structural advantage.”

GUIDANCE:

Impinj sees Q1 2021 EPS of ($0.15)-($0.08), versus the consensus of ($0.28). Impinj sees Q1 2021 revenue of $41-43 million, versus the consensus of $31.36 million.

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