Impinj, Inc. (PI) emerged as a standout in the after-hours trading scene, with its stock price surging to $92, reflecting an impressive 12.538% increase from its closing value. This notable jump in price was supported by a trading volume of 12,360 shares, underscoring heightened investor interest in the company after market hours.
Known for its specialization in radio-frequency identification solutions, Impinj’s significant after-hours movement indicates a potentially positive investor sentiment and could be a harbinger of strong market performance in the upcoming sessions.
Recent Happenings
On the 16th of January, 2024, the renowned RAIN RFID and IoT innovator, Impinj, Inc. (NASDAQ: PI), shared a promising business forecast, anticipating revenues to climb beyond the $70 million threshold for the fourth quarter of 2023. This figure notably surpasses their previous revenue estimates ranging from $65.5 to $68.5 million. Furthermore, the company’s adjusted EBITDA is also expected to top $2.5 million, a significant increase from the prior estimates that oscillated between a loss of $0.9 million and a gain of $0.7 million.
In a further announcement, Impinj disclosed that co-founder and CEO Chris Diorio, along with CFO Cary Baker, will engage in a thoughtful discussion during a fireside chat at the 26th Annual Needham Growth Conference. This event is slated for January 17, 2024, starting at 10:15 a.m. Eastern Time, with a live webcast and a subsequent replay available through the company’s investor relations portal
Fourth-Quarter and Full-Year 2023 Earnings Conference Call Details
Impinj is set to announce its fourth-quarter and full-year financial performance, ending December 31, 2023, after the closure of U.S. markets on Thursday, February 8, 2024. This forthcoming disclosure is highly anticipated by stakeholders eager to review the company’s financial health and growth metrics as it transitions into the new fiscal year.
Post-release, the company will facilitate a detailed discussion through a conference call and webcast at 5:00 p.m. Eastern Time, 2:00 p.m. Pacific Time. Stakeholders and interested listeners are welcome to join the call at the listed number. Additionally, the discussion will be broadcast live, and a replay will be hosted on Impinj’s investor website.
For those unable to attend live, a telephone replay will be made accessible for five days thereafter, using the provided passcode. In tandem with these events, Impinj will also make available a collection of management’s prepared remarks, detailed quarterly financial data, and the official press release of the financial results on their investor relations website on the day of the earnings announcement.
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