IMPINJ INC

For the period ended Sep 30, 2024. Filed Oct 23, 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.

Sep 30, 2024 · Filed Oct 23, 2024

PI$174.73+2.2%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2024	2023	2024	2023
Revenue	$95,198	$65,005	$274,518	$236,888
Cost of revenue	47,629	34,237	131,885	118,776
Gross profit	47,569	30,768	142,633	118,112
Operating expenses:
Research and development	25,492	21,588	72,935	67,426
Sales and marketing	9,888	10,073	29,891	30,678
General and administrative	12,452	13,532	39,040	45,098
Amortization of intangibles	506	1,409	2,411	3,555
Restructuring costs	—	—	1,812	—
Total operating expenses	48,338	46,602	146,089	146,757
Loss from operations	(769)	(15,834)	(3,456)	(28,645)
Other income, net	2,416	1,090	5,830	3,620
Income from settlement of litigation	—	—	45,000	—
Interest expense	(1,219)	(1,213)	(3,652)	(3,633)
Income (loss) before income taxes	428	(15,957)	43,722	(28,658)
Income tax benefit (expense)	(207)	195	(194)	472
Net income (loss)	$221	$(15,762)	$43,528	$(28,186)
Net income (loss) per share — basic	$0.01	$(0.59)	$1.57	$(1.06)
Net income (loss) per share — diluted	$0.01	$(0.59)	$1.48	$(1.06)
Weighted-average shares outstanding — basic	28,168	26,920	27,805	26,639
Weighted-average shares outstanding — diluted	29,727	26,920	31,918	26,639

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.