Impinj, Inc. (PI) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments193,346106,089116,49556,07358,116100,541
Cash and cash equivalents123,90323,63666,89817,53019,28533,636
Short-term investments69,44382,45349,59738,54338,83166,905
Receivables35,44925,00323,73518,46222,24417,447
Inventory, net of allowances, customer advances and progress billings21,95836,32934,15344,72547,08327,734
Inventory21,95836,32934,15344,72547,08327,734
Other undisclosed current assets5,0493,9432,3861,9542,3593,004
Total current assets:255,802171,364176,769121,214129,802148,726
Noncurrent Assets
Operating lease, right-of-use asset11,66713,76116,501
Property, plant and equipment27,50016,53117,44219,77818,11014,929
Long-term investments and receivables14,225     
Long-term investments14,225     
Intangible assets, net (including goodwill), including:3,8813,8813,8813,8813,8813,881
Goodwill     3,881
Other undisclosed intangible assets, net (including goodwill)3,8813,8813,8813,8813,881 
Other noncurrent assets2,4622,079453196241 
Total noncurrent assets:59,73536,25238,27723,85522,23218,810
TOTAL ASSETS:315,537207,616215,046145,069152,034167,536
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18,09715,67315,21414,93913,55720,911
Accounts payable11,73210,1445,6004,6434,6667,166
Accrued liabilities  3,7552,8873,1626,098
Employee-related liabilities6,3655,5295,8597,4095,7297,647
Deferred revenue5586,811551
Debt9,633 3,6386,4535,0243,719
Deferred rent credit   402
Restructuring reserve591 94582  
Deferred revenue and credits1,342751
Contract with customer, liability649
Other undisclosed current liabilities6,6245,109    
Total current liabilities:35,50327,59319,49723,02519,92325,381
Noncurrent Liabilities
Long-term debt and lease obligation290,59569,82269,78417,8916,24511,374
Long-term debt, excluding current maturities278,66154,55650,87617,6335,5009,676
Finance lease, liability  1
Capital lease obligations2587451,698
Operating lease, liability11,93415,26618,907
Liabilities, other than long-term debt5151,0825266,2706,9246,758
Deferred revenue and credits6,3925,988
Deferred revenue236277213
Contract with customer, liability185
Deferred rent credit   5,294
Restructuring reserve   487  
Other liabilities279805313304532770
Total noncurrent liabilities:291,11070,90470,31024,16113,16918,132
Total liabilities:326,61398,49789,80747,18633,09243,513
Stockholders' equity
Stockholders' equity attributable to parent(11,076)109,119125,23997,883118,942124,023
Common stock252322212120
Additional paid in capital351,422423,759387,926337,627323,482311,216
Accumulated other comprehensive income (loss)(39)334(9)(36)(10)
Accumulated deficit(362,484)(314,666)(262,743)(239,756)(204,525)(187,203)
Total stockholders' equity:(11,076)109,119125,23997,883118,942124,023
TOTAL LIABILITIES AND EQUITY:315,537207,616215,046145,069152,034167,536

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues190,283138,923152,836122,633125,300112,287
Revenue, net125,300112,287
Cost of revenue
(Cost of Goods and Services Sold)
(91,329)(73,783)(78,834)(64,352)(60,359)(52,834)
Gross profit:98,95465,14074,00258,28164,94159,453
Operating expenses(136,203)(112,211)(95,663)(93,150)(81,960)(59,941)
Operating loss:(37,249)(47,071)(21,661)(34,869)(17,019)(488)
Nonoperating income
(Other Nonoperating income)
256501,242808  
Interest and debt expense(13,883)(5,413)(2,370)(1,403)(908)(1,633)
Loss from continuing operations before equity method investments, income taxes:(51,107)(51,834)(22,789)(35,464)(17,927)(2,121)
Other undisclosed income from continuing operations before income taxes    508616
Loss from continuing operations before income taxes:(51,107)(51,834)(22,789)(35,464)(17,419)(1,505)
Income tax expense (benefit)(153)(89)(198)23397(168)
Net loss attributable to parent:(51,260)(51,923)(22,987)(35,231)(17,322)(1,673)
Preferred stock dividends and other adjustments     (6,258)
Net loss available to common stockholders, diluted:(51,260)(51,923)(22,987)(35,231)(17,322)(7,931)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(51,260)(51,923)(22,987)(35,231)(17,322)(1,673)
Comprehensive loss:(51,260)(51,923)(22,987)(35,231)(17,322)(1,673)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(42)(31)4327(26)(10)
Comprehensive loss, net of tax, attributable to parent:(51,302)(51,954)(22,944)(35,204)(17,348)(1,683)

Statements sources

The financial statements are based on the company's filings with the 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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