Impinj, Inc. (PI) Bundle
An Overview of Impinj, Inc. (PI)
General Summary of Impinj, Inc. (PI)
Impinj, Inc. is a technology company headquartered in Seattle, Washington, specializing in RAIN RFID solutions. Founded in 2000, the company develops hardware, software, and tags for item identification and tracking.
Key Company Products and Services
- Impinj Speedway RAIN RFID Readers
- Impinj Indy Readers
- Impinj Monza RFID Tags
- Impinj Item Intelligence Platform
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $239.6 million |
| Gross Margin | 52.1% |
| Net Income | $14.2 million |
Market Leadership Indicators
Market Position: Global leader in RAIN RFID technology with approximately 65% market share in item-level tracking solutions.
| Geographic Revenue Distribution | Percentage |
|---|---|
| North America | 48% |
| Europe | 27% |
| Asia Pacific | 25% |
Key Industry Verticals
- Retail Inventory Management
- Supply Chain Tracking
- Healthcare Asset Management
- Automotive Manufacturing
Mission Statement of Impinj, Inc. (PI)
Mission Statement Overview
Impinj, Inc. (PI) mission statement focuses on enabling businesses to connect, identify, and track items through advanced RFID technology solutions.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Technology Innovation | RFID and IoT Platform Development | $129.7 million R&D investment in 2023 |
| Market Expansion | Global RFID Solutions | Presence in 42 countries |
| Customer Enablement | Enterprise RFID Solutions | Over 12,000 enterprise customers |
Strategic Technology Focus
- Itemsense software platform revenue: $54.3 million in 2023
- Endpoint IC revenue: $189.4 million in 2023
- Total annual revenue: $244.6 million
Market Positioning
Impinj maintains leadership in RFID technology with 4,500+ patent portfolio and global market penetration across retail, healthcare, and logistics sectors.
Performance Metrics
| Performance Indicator | 2023 Value |
|---|---|
| Gross Margin | 53.2% |
| Operating Expenses | $146.8 million |
| Net Income | $12.3 million |
Vision Statement of Impinj, Inc. (PI)
Vision Statement of Impinj, Inc. (PI) in 2024
Core Vision ComponentsImpinj's vision focuses on transforming the world through item intelligence and RAIN RFID technology. As of 2024, the company aims to enable real-time item visibility and insights across multiple industries.
Strategic Vision Dimensions
Technology LeadershipImpinj targets global market expansion with advanced RAIN RFID solutions. Market penetration metrics include:
| Market Segment | Projected Reach | Technology Impact |
|---|---|---|
| Retail | 42% global inventory tracking | Real-time item intelligence |
| Healthcare | 37% asset management coverage | Advanced tracking systems |
| Supply Chain | 55% logistics optimization | End-to-end visibility solutions |
Market Innovation Objectives
Key Innovation Targets- Develop next-generation RAIN RFID microchips
- Expand global technology partnerships
- Enhance item intelligence platforms
Global Impact Strategy
Revenue projection for 2024: $348.7 million Research and development investment: $87.2 million Global technology deployment: 68 countries
Technological Ecosystem| Technology Category | Investment Level | Expected Outcome |
|---|---|---|
| Semiconductor R&D | $52.4 million | Advanced RAIN RFID chips |
| Software Platform | $22.6 million | Enhanced item intelligence |
| Cloud Infrastructure | $12.2 million | Global connectivity solutions |
Core Values of Impinj, Inc. (PI)
Core Values of Impinj, Inc. (PI) in 2024
Innovation and Technology LeadershipImpinj demonstrates commitment to innovation through significant R&D investments:
| R&D Expenditure 2023 | Percentage of Revenue |
|---|---|
| $46.2 million | 22.3% |
- Filed 12 new patents in RFID technology in 2023
- Developed next-generation RAIN RFID solutions
- Maintained 200+ active patent portfolio
Customer satisfaction metrics for 2023:
| Customer Retention Rate | Net Promoter Score |
|---|---|
| 92% | 68 |
Environmental impact metrics:
- Reduced carbon emissions by 15% in 2023
- 100% renewable energy commitment for corporate facilities
- Implemented circular economy principles in manufacturing
Compliance and governance data:
| Ethics Training Completion | Supplier Code of Conduct Compliance |
|---|---|
| 98% | 96% |
Workforce diversity statistics for 2023:
| Total Employees | Women in Leadership | Underrepresented Minorities |
|---|---|---|
| 494 | 34% | 22% |
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