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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments173,745193,346106,089116,49556,07358,116
Cash and cash equivalents19,597123,90323,63666,89817,53019,285
Short-term investments154,14869,44382,45349,59738,54338,831
Receivables49,99635,44925,00323,73518,46222,244
Inventory, net of allowances, customer advances and progress billings46,39721,95836,32934,15344,72547,083
Inventory46,39721,95836,32934,15344,72547,083
Other undisclosed current assets5,0325,0493,9432,3861,9542,359
Total current assets:275,170255,802171,364176,769121,214129,802
Noncurrent Assets
Operating lease, right-of-use asset10,49011,66713,76116,501
Property, plant and equipment39,02727,50016,53117,44219,77818,110
Long-term investments and receivables 19,20014,225    
Long-term investments 19,20014,225    
Intangible assets, net (including goodwill), including:3,8813,8813,8813,8813,8813,881
Goodwill      
Intangible assets, net (excluding goodwill)      
Other undisclosed intangible assets, net (including goodwill) 3,8813,8813,8813,8813,8813,881
Other noncurrent assets1,9692,4622,079453196241
Total noncurrent assets:74,56759,73536,25238,27723,85522,232
TOTAL ASSETS:349,737315,537207,616215,046145,069152,034
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities34,07218,09715,67315,21414,93913,557
Employee-related liabilities6,3655,5295,8597,4095,729
Accounts payable25,02411,73210,1445,6004,6434,666
Accrued liabilities9,048  3,7552,8873,162
Deferred revenue2,2505586,811551
Debt  9,633 3,6386,4535,024
Deferred rent credit     402
Restructuring reserve  591 94582 
Deferred revenue and credits1,342
Contract with customer, liability649
Other undisclosed current liabilities6,0476,6245,109   
Total current liabilities:42,36935,50327,59319,49723,02519,923
Noncurrent Liabilities
Long-term debt and lease obligation280,244290,59569,82269,78417,8916,245
Long-term debt, excluding current maturities280,244278,66154,55650,87617,6335,500
Capital lease obligations258745
Finance lease, liability    1
Liabilities, other than long-term debt11,5335151,0825266,2706,924
Deferred revenue and credits6,392
Deferred revenue349236277213
Contract with customer, liability185
Deferred rent credit     5,294
Deferred income tax liabilities    
Restructuring reserve     487 
Other liabilities 118279805313304532
Operating lease, liability11,06611,93415,26618,907
Total noncurrent liabilities:291,777291,11070,90470,31024,16113,169
Total liabilities:334,146326,61398,49789,80747,18633,092
Equity
Equity, attributable to parent15,591(11,076)109,119125,23997,883118,942
Common stock262523222121
Additional paid in capital403,599351,422423,759387,926337,627323,482
Accumulated other comprehensive income (loss)(1,249)(39)334(9)(36)
Accumulated deficit(386,785)(362,484)(314,666)(262,743)(239,756)(204,525)
Total equity:15,591(11,076)109,119125,23997,883118,942
TOTAL LIABILITIES AND EQUITY:349,737315,537207,616215,046145,069152,034

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues257,800190,283138,923152,836122,633125,300
Revenue, net125,300
Cost of revenue
(Cost of Goods and Services Sold)
(119,916)(91,329)(73,783)(78,834)(64,352)(60,359)
Gross profit:137,88498,95465,14074,00258,28164,941
Operating expenses(157,363)(136,203)(112,211)(95,663)(93,150)(81,960)
Operating loss:(19,479)(37,249)(47,071)(21,661)(34,869)(17,019)
Nonoperating income
(Other Nonoperating income)
2,517256501,242808 
Interest and debt expense(7,155)(13,883)(5,413)(2,370)(1,403)(908)
Loss from continuing operations before equity method investments, income taxes:(24,117)(51,107)(51,834)(22,789)(35,464)(17,927)
Other undisclosed income from continuing operations before income taxes      508
Loss from continuing operations before income taxes:(24,117)(51,107)(51,834)(22,789)(35,464)(17,419)
Income tax expense (benefit)(184)(153)(89)(198)23397
Loss from continuing operations:(24,301)(51,260)(51,923)(22,987)(35,231)(17,322)
Loss before gain (loss) on sale of properties:(51,260)(51,923)(22,987)(35,231)(17,322)
Net loss available to common stockholders, diluted:(24,301)(51,260)(51,923)(22,987)(35,231)(17,322)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(24,301)(51,260)(51,923)(22,987)(35,231)(17,322)
Comprehensive loss:(24,301)(51,260)(51,923)(22,987)(35,231)(17,322)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,210)(42)(31)4327(26)
Comprehensive loss, net of tax, attributable to parent:(25,511)(51,302)(51,954)(22,944)(35,204)(17,348)

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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