Connected chip maker Impinj posts record revenue for 2nd straight quarter

Impinj, the Seattle maker of high-tech tags for connecting billions of items to the internet, finished 2018 strong, posting its second consecutive record quarter for revenue. However, two good quarters didn’t totally make up for the company’s slow start to 2018, and Impinj reported a revenue decline for the full year and more than doubled its losses from 2017. “I’m proud of our team’s execution in fourth quarter 2018 and feel we have strong momentum heading into 2019,” Impinj CEO Chris Diorio said in a statement. “We delivered our second consecutive quarter of record revenue and record systems sales. We also shipped our 30 billionth endpoint IC, marking another step in our journey to connect every item in our everyday world.”