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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.
Analyst Optimism | Cantor Fitzgerald sets a bullish price target of $260, reflecting confidence in Impinj's long-term growth prospects and market position |
Untapped Potential | Explore the vast growth opportunities for Impinj, with only 0.4% of connectable items currently using RAIN technology |
Financial Strength | Record-breaking Q3 2024 results showcase Impinj's robust performance, with revenue reaching $95.2 million and non-GAAP EPS of $0.56 |
RFID Market Leade | Impinj dominates the RAIN tag market, poised for growth as IoT adoption accelerates across retail and supply chain sectors |
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 | 135.9x | 12.9x | 11.6x | |
PEG Ratio | 0.69 | 0.13 | 0.01 | |
Price / Book | 28.3x | 2.0x | 2.4x | |
Price / LTM Sales | 11.2x | 6.4x | 2.2x | |
Upside (Analyst Target) | 75.5% | 26.4% | 22.6% | |
Fair Value Upside | Unlock | 4.2% | 3.8% | Unlock |