IMPINJ INC

For the period ended Jun 30, 2024. Filed Jul 24, 2024.

About this filing

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.

Jun 30, 2024 · Filed Jul 24, 2024

PI$171.81-1.7%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Revenue	$102,495	$85,986	$179,320	$171,883
Cost of revenue	44,979	42,172	84,256	84,539
Gross profit	57,516	43,814	95,064	87,344
Operating expenses:
Research and development	24,924	23,403	47,443	45,838
Sales and marketing	9,827	10,632	20,003	20,605
General and administrative	13,223	16,002	26,588	31,566
Amortization of intangibles	496	2,146	1,905	2,146
Restructuring costs	—	—	1,812	—
Total operating expenses	48,470	52,183	97,751	100,155
Income (loss) from operations	9,046	(8,369)	(2,687)	(12,811)
Other income, net	2,122	1,165	3,414	2,530
Income from settlement of litigation	—	—	45,000	—
Interest expense	(1,217)	(1,211)	(2,433)	(2,420)
Income (loss) before income taxes	9,951	(8,415)	43,294	(12,701)
Income tax benefit	12	349	13	277
Net income (loss)	$9,963	$(8,066)	$43,307	$(12,424)
Net income (loss) per share — basic	$0.36	$(0.30)	$1.57	$(0.47)
Net income (loss) per share — diluted	$0.34	$(0.30)	$1.44	$(0.47)
Weighted-average shares outstanding — basic	27,889	26,713	27,623	26,499
Weighted-average shares outstanding — diluted	29,422	26,713	31,718	26,499

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.