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Stock impact report

Impinj (PI) Q4 2024 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

Impinj, Inc. (PI) 
Last impinj, inc. earnings: 4/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.impinj.com
Co-Founder and Chief Executive Officer — Chris Diorio Chief Financial Officer — Cary Baker Vice President of Strategic Finance — Andy Cobb Senior Director, Investor Relations — Tracy Moran TAKEAWAYS Revenue -- $91.6 million for the quarter, representing a 4% sequential decline and a 30% increase year over year. Endpoint IC Revenue -- $74.1 million, down 9% sequentially but up 37% year over year; the decrease was attributed to partner pushout requests. Systems Revenue -- $17.5 million, up 23% sequentially and up 4% year over year, benefiting from strength in reader gateway and reader IC sales. Total 2024 Revenue -- $366.1 million, up 19% year over year. Endpoint IC Unit Volume Growth -- 34% year-over-year increase. Total 2024 Endpoint IC Revenue -- 30% year-over-year growth, primarily driven by apparel, general merchandise, supply chain, logistics, and licensing revenue. Total 2024 Systems Revenue -- Declined 18% year over year, as reader and gateway declines mor Show less Read more
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