Impinj, Inc. (NASDAQ:PI) Q1 2023 Earnings Conference Call April 26, 2023 5:00 PM ET

Company Participants

Andy Cobb - Vice President, Strategic Finance

Chris Diorio - Chief Executive Officer

Cary Baker - Chief Financial Officer

Jeff Dossett - Chief Revenue Officer

Conference Call Participants

Harsh Kumar - Piper Sandler

James Ricchiuti - Needham & Company

Michael Walkley - Canaccord Genuity Group Inc.

Natalia Winkler - Jefferies Group LLC

Scott Searle - ROTH Capital Partners, LLC

Operator

Welcome to the Impinj First Quarter 2023 Financial Results Earnings Conference Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask a question. [Operator Instructions] Please note today’s event is being recorded.

I would now like to turn the conference over to Mr. Andy Cobb, Vice President, Strategic Finance. Please go ahead.

Andy Cobb

Thank you, Operator. Good afternoon and thank you all for joining us to discuss Impinj’s first quarter 2023 results. On today’s call, Chris Diorio, Impinj’s Co-Founder and CEO, will provide a brief overview of our market opportunity and performance. Cary Baker, Impinj’s CFO, will follow with a detailed review of our first quarter 2023 financial results and second quarter outlook. We will then open the call for questions. Jeff Dossett, Impinj’s CRO, will join us for the Q&A. You can find management’s prepared remarks, plus trended financial data, on the investor-relations section of the company’s website.

We will make statements in this call about financial performance and future expectations that are based on our outlook as of today. Any such statements are forward-looking under the Private Securities Litigation Reform Act of 1995. While we believe we have a reasonable basis for making these forward-looking statements, our actual results could differ materially because any such statements are subject to risks and uncertainties. We describe these risks and uncertainties in the annual and quarterly reports we file with the SEC. We do not undertake, and expressly disclaim, any obligation to update or alter our forward-looking statements except as required by law.

On today’s call, all financial metrics except for revenue, or where we explicitly state otherwise, are non-GAAP. Balance sheet and cash flow metrics are GAAP. Please refer to our earnings release for a reconciliation of our non-GAAP financial metrics to the most comparable GAAP metrics.

Before turning to our results and outlook, note that we will participate in the UBS Global Industrials and Transportation Conference on June 6th in New York; Baird’s Global Consumer, Technology and Services Conference on June 7th in New York; and Roth’s London Conference on June 21st. Also, we will host an Investor Day on June 13th in Seattle. We look forward to connecting with many of you at those events.