Impinj, Inc. Raises Revenue Guidance for Fourth Quarter Ended December 31, 2020
January 11, 2021 at 08:30 am
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Impinj, Inc. raised revenue guidance for the fourth quarter ended December 31, 2020. For the quarter, the company expected revenue to exceed $36.0 million, above its prior guidance of $26.5 million to $28.5 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. 
