PI Earnings Prediction
The chart below shows how PI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PI sees a +0.74% change in stock price 10 days leading up to the earnings, and a +2.94% change 10 days following the report. On the earnings day itself, the stock moves by -1.15%. This data can give you a slight idea of what to expect for the next quarter's release.
PI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
91.57M
29.61%
-3.81%
Gross Margin
49.94%
8.52%
1.01%
Operating Margin
-3.95%
-84.83%
387.65%
Net Margin
-2.94%
-86.32%
-1378.26%
EPS
-0.22
-60.71%
-2300.00%
No Data Available
PI Earnings Analysis
Impinj Inc Corporation (PI.O) Earnings Conference Call
Positive
Record Revenue Growth: 2024 marked the fourth consecutive year of double-digit revenue growth, achieving a record annual revenue of $366.1 million, up 19% year-over-year from $307.5 million in 2023.
Endpoint IC Volume Surge: Endpoint IC unit volumes grew 34% over 2023, contributing to a strong top line growth and record annual adjusted EBITDA of $65.9 million, compared to $21.8 million in 2023.
Quarterly Systems Revenue Increase: Fourth quarter systems revenue was $17.5 million, up 23% sequentially and up 4% year-over-year, driven by strength in reader gateway and reader IC sales.
Gross Margin Improvement: Fourth quarter gross margin improved to 53.1%, up from 50.9% in the fourth quarter of 2023, reflecting leverage on fixed costs and a higher systems revenue mix.
Strong Liquidity Position: The company ended the fourth quarter with cash, cash equivalents, and investments totaling $239.6 million, indicating a strong liquidity position.
Negative
Earnings Per Share Miss: Impinj, Inc. reported a fourth quarter EPS of $-0.09733, significantly missing expectations of $0.48.
Fourth Quarter Revenue Decline: Fourth quarter revenue declined 4% sequentially to $91.6 million, falling short of expectations due to partner pushout requests.
Endpoint IC Revenue Decline: Endpoint IC revenue decreased 9% sequentially to $74.1 million, indicating a slowdown in demand and inventory issues.
EBITDA Decline Analysis: Fourth quarter adjusted EBITDA dropped to $15 million from $17.3 million in the previous quarter, reflecting operational challenges.
Gross Margin Decline Anticipated: The company anticipates a sequential decline in gross margin for the first quarter of 2025, marking a low point for the year.
PI FAQs
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PI Earning Call Sentiment
Impinj, Inc. (NASDAQ:PI) Q4 2024 Earnings Call Transcript
PI.O
5.74%Positive
The earnings call presents mixed signals: strong financial performance with 30% YoY revenue growth and improved margins, but also concerns about inventory and program ramp delays. The Q&A reveals uncertainties in demand and cautious guidance, which tempers optimism. The market cap suggests moderate reaction, leading to a neutral prediction.
