Impinj, Inc. (PI)
Impinj Q2 Earnings: Riding A Pricey Wave
Impinj's Q2 2024 results led to a 6% premarket increase in shares, but valuation at 54x next year's EBITDA is concerning. Near-term challenges include winding down prior-generation Indy ICs and slower recovery in the systems business, affecting growth trajectory. Revenue growth rates are volatile, with Q3 guidance lower than expected and stock priced at 54x EBITDA, making it difficult to justify the premium.
Impinj, Inc. (PI) Q2 2024 Earnings Call Transcript
Impinj, Inc. (NASDAQ:PI ) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET Company Participants Andy Cobb - Vice President of Strategic Finance Chris Diorio - Co-Founder and Chief Executive Officer Cary Baker - Chief Financial Officer Jeff Dossett - Chief Revenue Officer Conference Call Participants Harsh Kumar - Piper Sandler James Ricchiuti - Needham & Company, LLC Scott Searle - Roth Capital Partners, LLC Troy Jensen - Cantor Fitzgerald Guy Hardwick - Freedom Capital Markets Christopher Rolland - Susquehanna Operator Welcome to the Impinj Second Quarter 2024 Financial Results Conference Call and Webcast. All participants will be in a listen-only mode.
Impinj (PI) Tops Q2 Earnings and Revenue Estimates
Impinj (PI) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.33 per share a year ago.
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Impinj (PI) Is Up 8.19% in One Week: What You Should Know
Does Impinj (PI) have what it takes to be a top stock pick for momentum investors? Let's find out.
Are Computer and Technology Stocks Lagging Impinj (PI) This Year?
Here is how Impinj (PI) and AudioEye (AEYE) have performed compared to their sector so far this year.
