Impinj, Inc. (NASDAQ:PI) Q2 2024 Earnings Conference Call July 24, 2024 5:00 PM ET

Company Participants

Andy Cobb - Vice President of Strategic Finance
Chris Diorio - Co-Founder and Chief Executive Officer
Cary Baker - Chief Financial Officer
Jeff Dossett - Chief Revenue Officer

Conference Call Participants

Harsh Kumar - Piper Sandler
James Ricchiuti - Needham & Company, LLC
Scott Searle - Roth Capital Partners, LLC
Troy Jensen - Cantor Fitzgerald
Guy Hardwick - Freedom Capital Markets
Christopher Rolland - Susquehanna

Operator

Welcome to the Impinj Second Quarter 2024 Financial Results Conference Call and Webcast. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [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, Rocco. Good afternoon and thank you all for joining us to discuss Impinj’s second quarter 2024 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 second quarter financial results and third 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 company’s investor relations 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. Whereas 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. All balance sheet and cash flow metrics except for free cash flow, are GAAP. Please refer to our earnings release for a reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics.

Before turning to our results and outlook, note that we will participate in the Canaccord Genuity 44th Annual Growth Conference on August 13th in Boston; the 13th Annual Needham Virtual Industrial Tech, Robotics and Clean Tech 1x1 Conference on August 19th; the Jefferies Semiconductor, IT Hardware and Communications Technology Summit on August 27th in Chicago; the 2024 Evercore ISI Semiconductor, IT Hardware and Networking Conference on August 28th in Chicago; the Piper Sandler Growth Frontiers Conference on September 10th in Nashville; and the Goldman Sachs Communacopia and Technology Conference on September 11th in San Francisco. We look forward to connecting with many of you there.