Impinj, Inc. (NASDAQ:PI) Q4 2023 Earnings Call Transcript

It’s very early to say anything about them and can’t say anything about them or how they materialize. I believe GDP will be the impetus for those consumer use cases over the next couple of years and expect us to put some effort into it, because it’s just an exciting opportunity for us overall.

Scott Searle: And Chris, maybe just to follow-up quickly. When do you expect, I’ll call it ‘meaningful impact’ right? I think some of the initial deployments are around things like tires, et cetera, but not necessarily high-volume items. Is this 2025 does it become meaningful, or is it beyond that? And we’ve just got a lot of infrastructure that’s starting to go out the door in the next 12 to 24 months to support this deployment?

Chris Diorio: As I said in my prepared remarks, which the real opportunity is further out in time. We already seeing retailers and others planning for DPP, but the regulations on the apparel side, I believe, at least with the current time line effectively come into force in 2027. So you’ll see planning, you’ll see work going on, you’ll see us doing some investments, you see us working directly with enterprises as we prepare for that time line. So DPP is a long-term, not short-term opportunity, and it’s a long-term game for us. So think about it in the same time frame as we think about these large enterprise opportunity wins. They don’t happen in a month. They don’t happen in a quarter. They don’t going to happen in a year. They take time. But as they roll in, they’re really meaningful for our business. And I see DPP in that same light, except much larger than any single enterprise end customer.

Scott Searle: Great. Thanks so much.

Chris Diorio: Hey, thank you.

Operator: Thank you. This concludes our question-and-answer session. I would like to turn the conference back over to Chris Diorio for any closing remarks.

Chris Diorio: Thank you, MJ. I’d like to thank you all for joining the call today, and especially to thank you for your ongoing support.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect your lines.