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Technology Stocks : Impinj, Inc.

PI 167.37

+2.2%

10:40 AM EST

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From: Cooters	7/29/2021 12:17:41 PM
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PI Q2 2021 CC notes - 7/28/21 - Q2 bookings even stronger than the record Q1 bookings and previous record Q4 bookings. Demand exceeded shipments by over 50%. Backlog extends into 2022 now. Demand is coming from the expansion of existing deployments as well as new deployments. - They are doubling 300mm post processing capacity in Q3 and tripling by the end of Q4. The constraint in endpoint ICs will soon be wafer supply and not post processing. The crossover point for 300mm vs 200mm will occur in the current Q. - Completed the European loss prevention in Q2 and recognized the $6M prepayment. Chris said he is energized by additional deployment opportunities at this retailer as well as across the industry. - Shipped several new reader ICs in July, their first new ones in 10 years. - Hired a new RF design team recently, will see in expenses in Q3 and fully in Q4. Cooters

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