Impinj's stock soared by as much as 34.4% following the presentation of robust third-quarter results and signs of rejuvenated long-term growth. CEO Chris Diorio sees "green shoots" in Q4 and antici...

Impinj saw falling revenue and profits in the third quarter, but still beat estimates. Weak results were already baked into the stock price after shares fell earlier this year.

Impinj, Inc. (NASDAQ:PI ) Q3 2023 Earnings Call October 25, 2023 5:00 PM ET Company Participants Andy Cobb - Vice President, Strategic Finance Chris Diorio - Co-Founder and Chief Executive Officer ...

Impinj (PI) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to earnings of $0.34 per share a year ago.

Impinj stock has been hit hard this year as the semiconductor downturn has finally come for it. The company has in-demand solutions that could help it continue to grow at a rapid pace.