Impinj, Inc. announced solid financial results for the first quarter ended March 31, 2025, with revenue and profitability surpassing both company guidance and analyst expectations. Revenue for Q1 2025 reached $74.277 million, exceeding the guidance midpoint of $71.5 million and analyst estimates of $71 million, despite a 3.3% year-over-year decline from Q1 2024.
The company reported a non-GAAP net income of $6.304 million, or $0.21 per diluted share, significantly outperforming the analyst estimate of $0.08 and the company's own guidance of $0.06 to $0.11 per share. Adjusted EBITDA for the quarter was $6.474 million, well above the guided range of $1.1 million to $2.6 million, reflecting strong operational control.
For the second quarter of 2025, Impinj provided an optimistic outlook, projecting revenue between $91.0 million and $96.0 million, with the midpoint of $93.5 million being close to analysts' estimates. Non-GAAP net income per diluted share is expected to be between $0.68 and $0.76, and adjusted EBITDA is guided between $23.5 million and $26.0 million, indicating continued positive momentum.
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