Impinj Expects Q4 Adj. EBITDA To Exceed $2.5M, Above Prior Guidance Of ($0.9M)-$0.7M
Portfolio Pulse from Benzinga Newsdesk
Impinj, a provider of RAIN RFID solutions, has announced that it expects its Q4 adjusted EBITDA to exceed $2.5 million, which is significantly above its prior guidance range of ($0.9 million) to $0.7 million.
January 16, 2024 | 9:17 pm
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Impinj anticipates a higher Q4 adjusted EBITDA than previously guided, expecting it to be over $2.5 million compared to the earlier range of ($0.9 million) to $0.7 million.
Impinj's announcement of a higher than expected Q4 adjusted EBITDA is a strong positive signal to investors, indicating better financial performance than anticipated. This is likely to increase investor confidence and could lead to a short-term rise in the stock price due to the positive earnings surprise.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100