RFID maker tops expectations for Q4

Impinj shares were up more than 11% in after-hours trading this week following the fiscal fourth quarter earnings report.

The RFID-maker beat Wall Street expectations for revenue, which came in at $36.4 million ($34.9 million expected).

Impinj’s technology is used by retailers to track inventory, verify shipments, and more. The company said it has shipped more than 50 billion endpoint integrated circuits, up from 25 billion in 2018.