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Impinj, Inc. (PI) operates a platform that enables wireless connectivity to everyday items by delivering each items' unique identity, location, and authenticity to business and consumer applications.
Its platform delivers Item Intelligence, which include real-time information about an item's unique identity, location, and authenticity through RAIN radio-frequency identification technology.
The company's platform includes endpoint integrated circuits (IC) product, a miniature radios-on-a-chip that attach-to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Its platform also includes software layer that comprises ItemSense, an operating system for platform; and ItemEncode that encodes item information into endpoint ICs.
In addition, the company's platform connects everyday items, such as apparel, medical supplies, automobile parts, drivers' licenses, food, logistics, and luggage to various applications, such as inventory management, patient safety, asset tracking, and item authentication, as well as delivers real-time information to businesses about items they create, manage, transport, and sell.
It primarily serves retail, healthcare, automotive, industrial and manufacturing, consumer experience, food, datacenter, travel, and banking sectors through distributors, system integrators, value-added resellers, and software solution partners in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Shares of this recent IPO have formed a bullish "cup and handle" and higher share prices are expected. The company reports its quarterly results on May 4th.
52-Weeks Trading Range: $16.36 - $41.91
Entry Point: $39.00
Stop Loss: $37.00
Target Price: $42.90
PI closed at $42.70
