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SEATTLE - RAIN RFID provider Impinj, Inc. (NASDAQ:PI), a $5.7 billion market cap technology company currently trading at $200.66, announced the appointment of Arthur L. Valdez, Jr. to its board of directors effective Monday. According to InvestingPro analysis, the stock appears overvalued at current levels.
Valdez brings over 30 years of experience in global supply chain and logistics operations. He most recently served as Executive Vice President of Global Supply Chain and Customer Solutions at Starbucks and previously built supply chain networks for Amazon and Target across multiple continents. His appointment comes as Impinj maintains strong financial health, with InvestingPro data showing revenue of $359 million in the last twelve months and a robust current ratio of 11.6.
"At a time when enterprises are faced with unprecedented operational challenges, RAIN RFID is poised to help them strengthen technology connectivity to improve efficiency," Valdez said in a press release statement.
Steve Sanghi, Impinj Board Chair, noted that Valdez’s expertise would be valuable as the company expands its RAIN RFID solutions into global supply chain and logistics applications.
Impinj, which connects everyday items to the internet using RAIN RFID technology, aims to leverage Valdez’s experience as it pursues growth in supply chain visibility solutions.
Valdez has previously served on the boards of Advance Auto Parts and Shipt. He holds a bachelor’s degree in Business-Operations Management from Colorado State University.
In other recent news, Impinj Inc. announced its financial results for the second quarter of 2025, reporting revenue of $97.9 million. This figure represents a sequential growth of 32% but a year-over-year decline of 4%. The company achieved a record gross margin of 60.4% and an adjusted EBITDA of $27.6 million, with a 28.2% margin. These financial results highlight strong performance metrics for the quarter. Despite these results, the company’s stock experienced a decline in premarket trading. The financial community continues to monitor these developments closely. Analysts have not provided any recent upgrades or downgrades for Impinj Inc.
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