Impinj delivered revenue of $96.1M, topping the $92.63M consensus estimate by 3.7%. More meaningful was the adjusted EBITDA of $19.1M, which exceeded guidance. On a year-over-year basis, revenue inched up just 0.95% to $96.1M from $95.2M, a deceleration that reflects the softer demand environment the company has navigated. The non-GAAP EPS of $0.58 beat the $0.50 estimate by 16%, signaling that cost management and operational efficiency are driving profitability even as topline growth stalls. Operating income swung positive to $656K from a $769K loss in the prior year quarter. This inflection matters because it shows the Gen2X product focus and restructuring efforts are taking hold.
United endured a nightmare 2024-25 season as they recorded their worst-ever Premier League finish, ending the campaign in 15th place. They did reach the Europa League final, but a 1-0 defeat to Tottenham ensured they missed out on European football for 2025-26.
Here's the reality entrepreneurs don't want to hear: sales need fixing first. Mike Michalowicz covers this in his book "Fix This Next." The majority of businesses have decent products and people, but they're not selling effectively. This truth became even more stark during the pandemic. McKinsey found that 70-80% of small businesses experienced 30-50% revenue drops between 2020 and 2021.
A man (50s) has been arrested by gardaí following the seizure of drugs worth more than €3 million at Rosslare Europort yesterday. There were approximately 150.6kg of suspected herbal cannabis found with an estimated value of €3,012,000. It was seized by Revenue officers after the search of a truck which had disembarked the ferry at Rosslare Europort, Co Wexford. The arrested man is currently detained at a garda station in Co Wexford. Investigations are ongoing, a garda spokesperson said.
Snapchat reached 469 million daily active users in Q2, an increase of 9 million on its Q1 numbers, yet it continues to lose users in its key North American market.