Impinj, Inc. (NASDAQ: PI) reported its fourth-quarter financial results for 2024, revealing a GAAP earnings per share (EPS) of $0.48, aligning with analysts' expectations. However, the company's revenue of $91.6 million fell short of the estimated $93 million. Adjusted EBITDA was reported at $15 million, slightly below the forecast of $15.79 million. Looking ahead, Impinj provided guidance for the first quarter of 2025, projecting revenues between $70 million and $73 million, significantly lower than the estimated $93.26 million. The adjusted EPS for the first quarter is expected to be between $0.06 and $0.11, compared to the estimate of $0.43. Following the earnings report, Impinj's shares saw a decline of approximately 27% in after-hours trading.