Impinj Reports Second Consecutive Post-IPO Earnings Beat with $1.9M Profit on $31M Revenue

Impinj, a Seattle-based RFID company, exceeded Wall Street expectations for the second consecutive quarter post-IPO, reporting $1.9 million non-GAAP profit on $31 million revenue. The company forecasts continued profitability and revenue growth in the upcoming quarter, with stock up over 80% since its July IPO.