IMPINJ INC
For the period ended Sep 30, 2024. Filed Oct 23, 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.
Sep 30, 2024 · Filed Oct 23, 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 Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities: | ||
| Net income (loss) | $43,528 | $(28,186) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 10,155 | 9,733 |
| Stock-based compensation | 41,336 | 35,679 |
| Restructuring equity modification expense | 366 | — |
| Accretion of discount or amortization of premium on investments | (247) | (1,600) |
| Amortization of debt issuance costs | 1,226 | 1,206 |
| Deferred tax expense | (471) | (662) |
| Revaluation of acquisition-related contingent consideration liability | 986 | — |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| Accounts receivable | (9,438) | 2,683 |
| Inventory | 8,825 | (59,239) |
| Prepaid expenses and other assets | (610) | 1,407 |
| Accounts payable | 12,056 | (10,054) |
| Accrued compensation and employee related benefits | 9,515 | (1,904) |
| Accrued and other liabilities | 1,268 | 1,677 |
| Acquisition-related contingent consideration liability | (2,556) | — |
| Operating lease right-of-use assets | 1,921 | 1,990 |
| Operating lease liabilities | (2,542) | (2,501) |
| Deferred revenue | 369 | (1,038) |
| Net cash provided by (used in) operating activities | 115,687 | (50,809) |
| Investing activities: | ||
| Purchases of investments | (154,331) | — |
| Proceeds from sales of investments | — | 13,372 |
| Proceeds from maturities of investments | 18,605 | 127,449 |
| Proceeds from sale of property and equipment | — | 234 |
| Purchases of intangible assets | — | (250) |
| Purchases of property and equipment | (12,979) | (15,968) |
| Business acquisitions, net of cash acquired | — | (23,357) |
| Net cash provided by (used in) investing activities | (148,705) | 101,480 |
| Financing activities: | ||
| Proceeds from exercise of stock options and employee stock purchase plan | 16,499 | 7,890 |
| Payment of acquisition-related contingent consideration | (4,602) | — |
| Net cash provided by financing activities | 11,897 | 7,890 |
| Effect of exchange rate changes on cash and cash equivalents | 32 | (58) |
| Net increase (decrease) in cash and cash equivalents | (21,089) | 58,503 |
| Cash and cash equivalents | ||
| Beginning of period | 94,793 | 19,597 |
| End of period | $73,704 | $78,100 |
| Supplemental disclosure of cashflow information: | ||
| Cash paid for interest | 1,617 | 1,617 |
| Purchases of property and equipment not yet paid | 1,196 | 1,539 |
| Operating lease liabilities arising from obtaining ROU assets | — | 979 |
| Lease liabilities arising from remeasurement of ROU assets | — | 159 |
| 26,396 shares of common stock issued for Voyantic Oy acquisition | — | 3,579 |
| Acquisition-related contingent consideration liability | — | 4,602 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.