Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company’s platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enable its partners to solve enterprise business problems, such as retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
RFID Market Leade | Impinj dominates the growing RFID market with its comprehensive IoT platform, positioning itself for significant growth in retail and supply chain sectors |
Financial Strength | Q2 2024 results exceed expectations with $102.5M revenue and $0.83 EPS, driven by robust endpoint IC sales and strong profitability metrics |
Untapped Potential | Explore the vast growth opportunities as RAIN RFID technology, currently used in only 0.4% of connectable items, expands across various industries |
Analyst Optimism | Cantor Fitzgerald maintains a $205 price target, reflecting confidence in Impinj's market position and future prospects in the evolving IoT landscape |
Metrics to compare | PI | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipPIPeersSector | |
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P/E Ratio | 187.6x | −7.5x | 11.1x | |
PEG Ratio | 0.96 | −0.18 | 0.01 | |
Price/Book | 39.1x | 4.0x | 2.4x | |
Price / LTM Sales | 15.4x | 4.8x | 2.1x | |
Upside (Analyst Target) | 32.2% | 32.4% | 20.4% | |
Fair Value Upside | Unlock | −3.2% | 3.6% | Unlock |