Impinj, Inc. (PI) Financial Statements (2024 and earlier)

Company Profile

Business Address 400 FAIRVIEW AVENUE NORTH
SEATTLE, WA 98109
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments108,900154,544173,745181,851163,299165,267
Cash and cash equivalents45,24437,48319,59739,31032,58063,543
Short-term investments63,656117,061154,148142,541130,719101,724
Receivables58,94560,96649,99640,66740,12838,533
Inventory, net of allowances, customer advances and progress billings112,32385,80946,39731,92532,04731,561
Inventory112,32385,80946,39731,92532,04731,561
Other undisclosed current assets3,4553,8355,0325,5073,6037,195
Total current assets:283,623305,154275,170259,950239,077242,556
Noncurrent Assets
Operating lease, right-of-use asset11,0049,79510,49011,41410,04410,863
Property, plant and equipment45,07741,80039,02731,12128,72629,133
Long-term investments and receivables 5,99510,17719,20019,20020,44028,144
Long-term investments 5,99510,17719,20019,20020,44028,144
Intangible assets, net (including goodwill), including:36,1033,8813,8813,8813,8813,881
Goodwill19,516     
Intangible assets, net (excluding goodwill)16,587     
Other undisclosed intangible assets, net (including goodwill)  3,8813,8813,8813,8813,881
Other noncurrent assets1,7441,8441,9692,2232,2402,365
Total noncurrent assets:99,92367,49774,56767,83965,33174,386
TOTAL ASSETS:383,546372,651349,737327,789304,408316,942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities35,37343,75534,07229,12121,95513,693
Employee-related liabilities7,9365,9284,590
Accounts payable27,62736,71325,02413,24910,0999,103
Accrued liabilities7,7467,0429,0487,9365,928 
Deferred revenue2,5235022,2502,8082,632907
Debt      9,643
Restructuring reserve    102119554
Other undisclosed current liabilities12,98210,3476,0471,6046277,845
Total current liabilities:50,87854,60442,36933,63525,33332,642
Noncurrent Liabilities
Long-term debt and lease obligation281,046280,644280,244291,636289,857290,156
Long-term debt, excluding current maturities281,046280,644280,244279,846279,449279,054
Liabilities, other than long-term debt14,82710,78211,533457477433
Deferred revenue341317349344364320
Deferred income tax liabilities3,415     
Other liabilities  134118113113113
Operating lease, liability11,07110,33111,06611,79010,40811,102
Total noncurrent liabilities:295,873291,426291,777292,093290,334290,589
Total liabilities:346,751346,030334,146325,728315,667323,231
Equity
Equity, attributable to parent36,79526,62115,5912,061(11,259)(6,289)
Common stock272726262625
Additional paid in capital436,302418,342403,599390,432374,409367,347
Accumulated other comprehensive loss(325)(605)(1,249)(1,730)(1,226)(716)
Accumulated deficit(399,209)(391,143)(386,785)(386,667)(384,468)(372,945)
Total equity:36,79526,62115,5912,061(11,259)(6,289)
TOTAL LIABILITIES AND EQUITY:383,546372,651349,737327,789304,408316,942

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues85,98685,89776,59068,27059,79653,144
Cost of revenue
(Cost of Goods and Services Sold)
(42,172)(42,367)(36,422)(30,835)(28,294)(24,365)
Gross profit:43,81443,53040,16837,43531,50228,779
Operating expenses(52,183)(47,972)(40,112)(39,179)(39,978)(38,094)
Operating income (loss):(8,369)(4,442)56(1,744)(8,476)(9,315)
Nonoperating income
(Other Nonoperating income)
1,1651,3651,150774429164
Interest and debt expense(1,211)(1,209)(1,207)(1,205)(3,482)(1,261)
Loss from continuing operations before income taxes:(8,415)(4,286)(1)(2,175)(11,529)(10,412)
Income tax expense (benefit)349(72)(117)(24)6(49)
Loss from continuing operations:(8,066)(4,358)(118)(2,199)(11,523)(10,461)
Loss before gain (loss) on sale of properties:(2,199)(11,523)(10,461)
Net loss available to common stockholders, diluted:(8,066)(4,358)(118)(2,199)(11,523)(10,461)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(8,066)(4,358)(118)(2,199)(11,523)(10,461)
Comprehensive loss:(8,066)(4,358)(118)(2,199)(11,523)(10,461)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent280644481(504)(510)(677)
Comprehensive income (loss), net of tax, attributable to parent:(7,786)(3,714)363(2,703)(12,033)(11,138)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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