IMPINJ INC
For the period ended Mar 31, 2024. Filed Apr 24, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 24, 2024
PI$171.81-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except per share data, unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue | $76,825 | $85,897 |
| Cost of revenue | 39,277 | 42,367 |
| Gross profit | 37,548 | 43,530 |
| Operating expenses: | ||
| Research and development | 22,519 | 22,435 |
| Sales and marketing | 10,176 | 9,973 |
| General and administrative | 13,365 | 15,564 |
| Amortization of intangibles | 1,409 | — |
| Restructuring costs | 1,812 | — |
| Total operating expenses | 49,281 | 47,972 |
| Loss from operations | (11,733) | (4,442) |
| Other income, net | 1,292 | 1,365 |
| Income from settlement of litigation | 45,000 | — |
| Interest expense | (1,216) | (1,209) |
| Income (loss) before income taxes | 33,343 | (4,286) |
| Income tax benefit (expense) | 1 | (72) |
| Net income (loss) | $33,344 | $(4,358) |
| Net income (loss) per share — basic | $1.22 | $(0.17) |
| Net income (loss) per share — diluted | $1.10 | $(0.17) |
| Weighted-average shares outstanding — basic | 27,357 | 26,285 |
| Weighted-average shares outstanding — diluted | 31,425 | 26,285 |
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