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Impinj stock soars 20% after beating Q1 estimates

GeekWire

The Seattle-based RFID-maker reported revenue of $76.8 The company posted GAAP net income of $33.3 million, which was boosted by $45 million from the settlement of recent patent litigation that also includes an annual license fee.

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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon is undergoing a steady transformation under CEO Andy Jassy.

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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

Oracle’s latest financial report boasts substantial increases in revenue, net income, and earnings per share, largely thanks to cloud sales, which the company was quick to credit to the rise of AI.

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Leafly avoids Nasdaq delisting after meeting minimum price requirements

GeekWire

Founded in 2010, the company’s online marketplace lets customers shop and select cannabis products from licensed retailers. The company reported second quarter revenue of $10.7 million, down 11% year-over-year, and a net loss of $1.4 Leafly’s stock was trading around $6.30 It also serves as an educational resource.

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Leafly lays off 40 employees, marking its second round of cuts in a year

GeekWire

(Leafly Image) Update: Leafly said that it would lay off 40 employees, or about 21% of its workforce, as part of its fourth quarter earnings report. It reported revenue of $12.1 million in Q4, in line with the year-ago quarter, and a net loss of $5.8 Leafly cut 56 positions, or 21% of its workforce at the time, in October.

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Cannabis company Leafly completes 1-for-20 reverse stock split to avoid Nasdaq delisting

GeekWire

Founded in 2010, Leafly’s online marketplace lets customers shop and select cannabis products from licensed retailers. Leafly reported second quarter revenue of $10.7 million, down 11% year-over-year, and a net loss of $1.4 The startup also serves as an educational resource. million, down from a profit of $14.8

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Moonstone Bank, the Washington state bank with ties to FTX, will wind down crypto operations

GeekWire

RELATED: Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure The New York Times reported Nov. RELATED: Bank downplays ties to FTX sister company in latest fallout from crypto exchange failure The New York Times reported Nov. out of 4,800, The New York Times reported. Its net worth was $5.7

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