Is Impinj the Ultimate Retail Apocalypse Stock?
Impinj's (NASDAQ: PI) stock recently rallied after the RFID (radio frequency identification) chipmaker posted its first-quarter earnings report. Its revenue rose 45% annually to $47.8 million, beating estimates by $9.4 million.
Impinj's GAAP net loss narrowed from $7.1 million to $4.3 million. On a non-GAAP basis, it posted a profit of $2.9 million, compared to a loss of $2.4 million a year earlier. Its non-GAAP EPS of $0.13 also easily beat expectations by $0.18.
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Source Fool.com
