Impinj: 2Q Earnings Snapshot
SEATTLE (AP) _ Impinj Inc. (PI) on Wednesday reported a loss of $7.7 million in its second quarter.
On a per-share basis, the Seattle-based company said it had a loss of 36 cents. Losses, adjusted for non-recurring costs, came to 19 cents per share.
The provider of radio frequency identification products posted revenue of $28.5 million in the period.
For the current quarter ending in October, Impinj expects its results to range from a loss of 17 cents per share to a loss of 12 cents per share.
The company said it expects revenue in the range of $33 million to $34 million for the fiscal third quarter.
Impinj shares have declined 17 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.78, a fall of 53 percent in the last 12 months.