Impinj
Produces miniature radio-frequency silicon chips the size of a sand grain that are imbedded in products and packaging in order to track, authenticate, and identify products as they move through the global supply chain.
Impinj is the technology leader founded and managed by the creator of the technology.
Unit volumes are growing 30% annually as new clients sign up for the tracking and authentication service and existing clients roll the technology out across their organizations.
Only one competitor exists. That competitor has inferior technology with limited functionality.
Highly cash generative business model. We think Impinj will have a 15% to 20% free cash flow margin at scale.
We see a pathway to $10 billion in revenues over time.