05:38 PM EDT, 07/24/2024 (MT Newswires) -- Impinj ( PI ) reported Q2 non-GAAP net income late Wednesday of $0.83 per diluted share, up from $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.74.

Revenue for the quarter ended June 30 was $102.5 million, up from $86 million a year earlier.

Analysts polled by Capital IQ expected $97.5 million.

For Q3, the company expects non-GAAP net income of $0.46 to $0.50 per share and revenue of $91 million to $94 million. Analysts polled by Capital IQ are expecting $0.40 and $90.4 million, respectively.

Shares were up 5% in recent after-hours activity.

Price: 160.10, Change: +7.55, Percent Change: +4.95