Impinj, Inc. Revised Revenue Guidance for the Fourth Quarter of 2021
January 10, 2022 at 04:40 pm EST
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Impinj, Inc. revised revenue guidance for the fourth quarter of 2021. The company expects fourth-quarter 2021 revenue to exceed $52 million, above its prior guidance of $46.0 - $48.0 million.
Impinj, Inc. (Impinj) is engaged in developing of Internet of things (IoT) solutions. The Company helps businesses and people to analyze, optimize, and innovate by wirelessly connecting billions of everyday things, such as apparel, automobile parts, luggage, and shipments to the Internet. The Company uses a type of radio-frequency identification (RFID) technology known as RAIN for the wireless item-to-cloud connectivity. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless IoT. It sells a suite of products that enable the Company and its partner ecosystem use to connect and deliver item data to enterprises. It sells two types of silicon integrated circuit (IC) radios. The first are endpoint ICs that store a serialized number to wirelessly identify an item. The second are reader ICs that its partners use in finished readers to wirelessly discover, inventory and engage the endpoint ICs.
IMPINJ, INC. 
