Impinj stock tumbles in RFID tag-maker’s first earnings miss as a public company

Impinj stock is down more than 21 percent after the Seattle maker of radio frequency identification technology whiffed on earnings expectations for the first time as a public company. Impinj reported non-GAAP net losses of $1.6 million, or 8 cents per share on $32.6 million in revenue. Analysts expected losses of 3 cents per share on $32.58 million in revenue. "We remain confident in our market opportunity and will continue investing in and delivering solutions and enterprise partnerships that leverage our platform, accelerate adoption and drive scale in this gigantic market opportunity," Diorio said in a statement.