Impinj Sees Q2 GAAP EPS $0.20-$0.25 Vs $0.19 Est.; Non-GAAP EPS $0.72-$0.77; Revenue $96M-$99M Vs $78.93M Est.
Portfolio Pulse from Benzinga Newsdesk
Impinj forecasts Q2 2024 GAAP EPS of $0.20-$0.25, surpassing the $0.19 estimate, and non-GAAP EPS of $0.72-$0.77. Revenue is expected to be between $96M-$99M, significantly higher than the $78.93M estimate. This outlook includes $15M from an annual license fee for intellectual property use. The guidance reflects current market conditions, with a note that actual results could vary.

April 24, 2024 | 8:33 pm
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POSITIVE IMPACT
Impinj projects Q2 2024 earnings and revenue above estimates, with significant growth anticipated from intellectual property licensing.
Impinj's forecasted increase in GAAP and non-GAAP EPS, along with a substantial rise in revenue expectations, suggests strong financial performance and operational efficiency. The inclusion of $15M from an annual IP license fee indicates a lucrative revenue stream. This positive outlook, especially when exceeding analysts' estimates, is likely to instill investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100