our with Andy. shortfalls quarter disruptive joining full-year Thank and you XXXX revenue on record fourth all wafer-supply Impinj capped Covid-XX the record as you, three for year four record and the and in consecutive out revenue despite as thank quarters, ended well chain. And impact of with backlog quarters the call. of bookings growth, culminating of double-digit bookings, XXXX. supply We entering with three
that a bookings expectations, exceeded and to starting and us fulfillment. cost strong visibility record inventory and in-store We into driven strong Despite that accelerating pass-through by IC with large were another endpoint their supply-chain omnichannel continues execution instituting the small quarter visibility, IC, with year, RAIN strength retailers billionth delivered every endpoint to accelerate our demand to item XX both a orchestrated journey results shortfalls, enterprises our connect on If supply-chain milestone would Our everyday efficiencies. world. supply not investments even and to and delivered revenue improve and October. Impinj fulfillment quarter we in in and omnichannel have RFID Retail turning for more. in our Fourth operational XXXX. strong, our we strong despite remained constraint, wafer-
We set accuracy XXXX. also IC at shipment-tracking supply and gains, capacity growth with highest Full-year saw percentage being drivers chain the growing since productivity adoption endpoint the key with and year-over-year its revenue logistics annual adoption from expansion. providers, record, mainstream an pace
by Looking XX%. continue we to with increase believe more don’t. of third partners measured Like demand. Unfortunately, endpoint and today, their and lines days, down supply. inlay and levels if more driving forward, their second than would endpoint for IC demand IC we use their bookings exceeded our both see in mere and as periodically our had inventory they we cases shipments And bellwether fourth the quarter broadening our we quarters, enterprises
hopeful through demand. XXXX first And to relatively growing for quarter foundry wafer those of our equal continues although shipment supply our with exceed or far our wafers, come, upside both XXXX. relief supply least allow after even the quintupling rapidly partner us relief levels for to short to levels should to our Our But fourth that remains opportunity, that ahead to us sized capacity prioritize capacity XXXX and Regardless, unchanged, in commitments not XXX half we mid-XXXX. that with XXXmm we shipment wafer fall post-processing need. use, in nodes has we continue and they date not of stay process at our successfully expanding XXXmm
prior-generation also its will recovery bright supply revenue reader exceeded of do quarter first come. in of from our be second Indy the IC Fourth to ready finally was to shortfall. Reader half to half supply XXXX, the We wafers quarter expectations. systems E-family revenue still expect reader to first new ICs demand a ICs up our We up when catch our continuing XXXX. supply spot, growing in catch demand and XXXX
reader or we with necessarily strong as performance. our even schedule fulfill builds. that shortfalls in in the for quarter Like with first supply now entered wins. than a quarters. high improving more and not quarter, costs for we first or fourth contributing complete significant to expectations navigating systems continue gateway must than we strong. quarter our we have supply constrained latter, We components backlog Fourth to said, even that currently better wait variability design and product supply remains while expected, demand We second for increase see we do the key That reader environment normalizing was XXX component difficult
the future revenue. RAIN customer product performance loss-prevention with the the more happy and, their store contributed for of for is The European means and to for what it nicely visionary the will retailer hope, quarter fourth On deploy project front, orders follow-on we our broadly. product
supply partner-led bright chain And our spot North contributing deploying, retail in of two large second broadening fourth our fourth target quarter quarter. was a markets, modest and The both revenue. and in and continued American customer a logistics revenue chain supply logistics,
deals. We are these very leverage pleased from to see partner-led growing
was launch time about first most for am Tagging year strong a I perhaps you their RFID major fantastic RAIN. RAIN-tagged our corporation by the results, unconstrained. my a excited with sharing items launching is information marks AmerisourceBergen Beyond me, knowledge, people, and its To Service. XXXX their
by back means think item what the physical many items the and person’s I in Internet a of visibility massive for it hand, RAIN stories was it every the of about big thrilled. for well. can I other XXXX I’ve available to the am twins of championed connected vision years item, opportunity see information digital I every Things, inflection marked power materializing. as and absolutely
RAIN I all their the and piloting company to And of stress XX know challenges, retailers packages deploying package-delivery feel, CEO report day. of we largest to for operational for all drive overall. million American was XX% efficiencies fully announced are day or Accenture to and look big the example, market we believe the few the that that XXXX we deployed, are signaling For world’s of RAIN a add retailers those and say, and will scans eliminate back North stated the RAIN. a Impinj opportunities some Covid-XX huge a Despite manual plan tags do year ahead. and An
two major announcements last the organizational made week. side, On we
on Chief Officer, First, his I to would to from engineering Operating promotion with operations President of congratulate and Mecklai reporting him. Engineering to Hussein Executive Vice now like
recently, ICs, of platform, For championed our spearheaded Congratulations lines. readers the operations delivering past And reader most growing gateways. three endpoint Hussein. capacity the ICs, product development and he Impinj years, groundbreaking the Hussein across our
as level Steve’s I’d Sanghi, upcoming experience like effective to brings board-level Chair, Rao Steve thank Meera and general thank Executive Impinj’s previously to welcome. significant our meeting. joined to Systems serve knowledge executive and I’d Second, director of as agreed insight experience who Impinj. Also, CFO Impinj. to she extraordinary current Steve, current to Chair CEO welcome Microchip’s an Monolithic at was has who And like at and and Board brings next Power Meera you. our long-term Meera, just board.
board van members stand and Oppen Theresa Peter Wise not for long-term year. to have this decided reelection Finally,
We guidance the to to personally, both them to as heartfelt of their Theresa board want years. many the very express their I them the and well me and over for I I on Peter will best. guidance our as their to for terms. remainder from will Impinj, continue and support contributions my wish benefiting appreciation both for their miss
their Before I every of Impinj for member team day the thank every effort of like incredible to close, I’d XXXX.
Your spirit and disruptions Covid-XX, supply-chain amazes the the of unparalleled and product dedication inadequate supply me. in face
are testament Our record pressure. results a to grace your under
year Impinj our our launching driving series and my So, In key solid vision. and team, to every XXXX adjusted revenue give in our record We ramp. you. while MXXX new to and thank closing, team XXXmm accelerating products, bookings, member, capacity delivered a investing building was post-processing each EBITDA bold our I’d like heartfelt
demand the growing over working continue in ahead. by to position outlook. ecosystem our the disruption, we and remain supply-chain financial energized first our call Cary both side-by-side confident I detailed market will I with ongoing navigate now review Cary? our turn quarter and for and partners opportunities to As
