UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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(State or other jurisdiction of incorporation) |
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(Commission File Number)
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(IRS Employer Identification No.) |
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Trading symbol(s) |
Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 2.02 |
Results of Operations and Financial Conditions. |
On July 26, 2023, Impinj Inc. (“Impinj” or the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2023. A copy of the press release, entitled “Impinj Reports Second Quarter 2023 Financial Results” is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information in this current report on Form 8-K and the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 |
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104 |
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Inline XBRL for the cover page of this Current Report on Form 8-K. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Impinj, Inc. |
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By: |
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/s/ Chris Diorio |
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Chris Diorio Chief Executive Officer |
Date: July 26, 2023
Exhibit 99.1
Impinj Reports Second Quarter 2023 Financial Results
SEATTLE, WA, July 26, 2023– Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the second quarter ended June 30, 2023.
“Second-quarter revenue set a new record, with strong systems revenue offsetting weak endpoint IC revenue from retail apparel inventory destocking,” said Chris Diorio, Impinj co-founder and CEO. “We expect ongoing headwinds associated with that apparel inventory destocking, as well as weakness in the overall retail macroenvironment, to more-than-offset strength in our enterprise solutions opportunities in the third quarter.”
Second Quarter 2023 Financial Summary
A reconciliation between GAAP and non-GAAP information is contained in the tables below. Additionally, descriptions of these non-GAAP financial measures are provided in the “Non-GAAP Financial Measures” sections below.
Third Quarter 2023 Financial Outlook
Impinj provides guidance based on current market conditions and expectations; actual results may differ materially. Please refer to the comments below regarding forward-looking statements. The following table presents Impinj’s financial outlook for the third quarter of 2023 (in millions, except per share data):
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Three Months Ending |
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September 30, 2023 |
Revenue |
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$63.0 to $66.0 |
GAAP Net loss |
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($19.7) to ($18.2) |
Adjusted EBITDA loss |
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($3.3 ) to ($1.8 ) |
GAAP Weighted-average shares — basic and diluted |
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26.90 to 27.10 |
GAAP Net loss per share — basic and diluted |
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($0.73 ) to ($0.67 ) |
Non-GAAP Net loss |
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($3.2 ) to ($1.7 ) |
Non-GAAP Weighted-average shares — basic and diluted |
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26.90 to 27.10 |
Non-GAAP Net loss per share — basic and diluted |
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($0.12) to ($0.06) |
A reconciliation between GAAP and non-GAAP is provided in the "Non-GAAP Financial Measures" section below.
Conference Call Information
Impinj will host a conference call today, July 26, 2023 at 5:00 p.m. ET / 2:00 p.m. PT to discuss its second-quarter 2023 results, as well as its outlook for its third-quarter 2023. Interested parties may access the call by dialing +1-412-317-5196. A live webcast and replay will also be available on the company’s website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering passcode 6963268.
Management’s prepared written remarks, along with quarterly financial data, will be made available on the company’s website at investor.impinj.com along with this release.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding our strategy, investment plans and prospects, statements regarding conditions in the markets in which we compete as well as the broader economy, and our financial guidance and considerations for the third quarter of 2023 and future periods.
Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.
The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law.
About Impinj
Impinj (NASDAQ: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com
Impinj is a registered trademark of Impinj, Inc. All other trademarks are the property of their owners.
###
For more information, contact:
Investor Relations
Andy Cobb, CFA
Vice President, Strategic Finance
+1-206-315-4470
ir@impinj.com
Media Relations
Jill West
Vice President, Strategic Communications
+1 206-834-1110
jwest@impinj.com
IMPINJ, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value, unaudited)
|
June 30, 2023 |
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December 31, 2022 |
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Assets: |
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Current assets: |
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Cash and cash equivalents |
$ |
45,244 |
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$ |
19,597 |
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Short-term investments |
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63,656 |
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154,148 |
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Accounts receivable, net |
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58,945 |
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49,996 |
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Inventory |
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112,323 |
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46,397 |
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Prepaid expenses and other current assets |
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3,455 |
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5,032 |
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Total current assets |
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283,623 |
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275,170 |
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Long-term investments |
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5,995 |
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19,200 |
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Property and equipment, net |
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45,077 |
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39,027 |
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Intangible assets, net |
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16,587 |
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— |
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Operating lease right-of-use assets |
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11,004 |
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10,490 |
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Other non-current assets |
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1,744 |
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1,969 |
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Goodwill |
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19,516 |
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3,881 |
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Total assets |
$ |
383,546 |
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$ |
349,737 |
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Liabilities and stockholders' equity (deficit): |
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Current liabilities: |
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Accounts payable |
$ |
27,627 |
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$ |
25,024 |
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Accrued compensation and employee related benefits |
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7,746 |
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9,048 |
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Accrued and other current liabilities |
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9,681 |
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2,925 |
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Current portion of operating lease liabilities |
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3,301 |
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3,122 |
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Current portion of deferred revenue |
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2,523 |
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2,250 |
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Total current liabilities |
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50,878 |
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42,369 |
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Long-term debt, net of current portion |
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281,046 |
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280,244 |
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Operating lease liabilities, net of current portion |
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11,071 |
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11,066 |
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Deferred tax liabilities, net |
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3,415 |
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118 |
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Deferred revenue, net of current portion |
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341 |
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349 |
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Total liabilities |
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346,751 |
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334,146 |
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Stockholders' equity: |
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Common stock, $0.001 par value |
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27 |
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26 |
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Additional paid-in capital |
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436,302 |
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403,599 |
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Accumulated other comprehensive loss |
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(325 |
) |
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(1,249 |
) |
Accumulated deficit |
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(399,209 |
) |
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(386,785 |
) |
Total stockholders' equity |
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36,795 |
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15,591 |
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Total liabilities and stockholders' equity (deficit) |
$ |
383,546 |
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$ |
349,737 |
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IMPINJ, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data, unaudited)
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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Revenue |
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$ |
85,986 |
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$ |
59,796 |
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$ |
171,883 |
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$ |
112,940 |
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Cost of revenue |
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42,172 |
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28,294 |
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84,539 |
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52,659 |
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Gross profit |
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43,814 |
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31,502 |
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87,344 |
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60,281 |
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Operating expenses: |
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Research and development |
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23,403 |
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18,369 |
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45,838 |
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36,358 |
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Sales and marketing |
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10,632 |
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9,614 |
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20,605 |
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18,913 |
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General and administrative |
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16,002 |
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11,995 |
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31,566 |
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22,801 |
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Amortization of intangibles |
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2,146 |
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— |
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2,146 |
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— |
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Total operating expenses |
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52,183 |
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39,978 |
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100,155 |
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78,072 |
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Loss from operations |
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(8,369 |
) |
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(8,476 |
) |
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(12,811 |
) |
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(17,791 |
) |
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Other income, net |
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1,165 |
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|
|
429 |
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|
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2,530 |
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|
|
593 |
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Induced conversion expense |
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— |
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|
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(2,232 |
) |
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— |
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|
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(2,232 |
) |
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Interest expense |
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(1,211 |
) |
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(1,250 |
) |
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(2,420 |
) |
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(2,511 |
) |
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Loss before income taxes |
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(8,415 |
) |
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(11,529 |
) |
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(12,701 |
) |
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(21,941 |
) |
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Income tax benefit (expense) |
|
|
349 |
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6 |
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|
277 |
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(43 |
) |
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Net loss |
|
$ |
(8,066 |
) |
|
$ |
(11,523 |
) |
|
$ |
(12,424 |
) |
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$ |
(21,984 |
) |
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Net loss per share — basic and diluted |
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$ |
(0.30 |
) |
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$ |
(0.45 |
) |
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$ |
(0.47 |
) |
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$ |
(0.87 |
) |
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Weighted-average shares — basic and diluted |
|
|
26,713 |
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|
|
25,429 |
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|
|
26,499 |
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|
|
25,204 |
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IMPINJ, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands, unaudited)
|
|
Six Months Ended |
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|||||
|
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June 30, |
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|||||
|
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2023 |
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2022 |
|
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Operating activities: |
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|
|
|
|
|
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Net loss |
|
$ |
(12,424 |
) |
|
$ |
(21,984 |
) |
Adjustments to reconcile net loss to net cash provided by operating activities: |
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|
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Depreciation and amortization |
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6,066 |
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|
|
2,973 |
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Stock-based compensation |
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|
23,372 |
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22,173 |
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Accretion of discount or amortization of premium on investments |
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(1,285 |
) |
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|
419 |
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Amortization of debt issuance costs |
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|
802 |
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|
806 |
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Induced conversion expense related to convertible notes |
|
|
— |
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|
|
2,232 |
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Deferred tax expense |
|
|
(399 |
) |
|
|
— |
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Changes in operating assets and liabilities, net of amounts acquired: |
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|
|
|
|
|
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Accounts receivable |
|
|
(7,755 |
) |
|
|
(4,679 |
) |
Inventory |
|
|
(64,733 |
) |
|
|
(10,089 |
) |
Prepaid expenses and other assets |
|
|
2,277 |
|
|
|
1,463 |
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Accounts payable |
|
|
6,113 |
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|
|
(2,201 |
) |
Accrued compensation and employee related benefits |
|
|
(1,879 |
) |
|
|
(437 |
) |
Accrued and other liabilities |
|
|
2,043 |
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|
|
(106 |
) |
Operating lease right-of-use assets |
|
|
1,331 |
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|
|
1,623 |
|
Operating lease liabilities |
|
|
(1,661 |
) |
|
|
(2,034 |
) |
Deferred revenue |
|
|
(972 |
) |
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|
2,202 |
|
Net cash used in operating activities |
|
|
(49,104 |
) |
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|
(7,639 |
) |
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|
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Investing activities: |
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|
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Purchases of investments |
|
|
— |
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|
|
(115,697 |
) |
Proceeds from sales of investments |
|
|
13,372 |
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|
|
— |
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Proceeds from maturities of investments |
|
|
92,424 |
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|
|
46,805 |
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Business acquisitions, net of cash acquired |
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(23,357 |
) |
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|
— |
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Purchases of intangible assets |
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(250 |
) |
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|
— |
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Purchases of property and equipment |
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|
(13,198 |
) |
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|
(3,724 |
) |
Net cash provided by (used in) investing activities |
|
|
68,991 |
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|
|
(72,616 |
) |
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|
|
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Financing activities: |
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|
|
|
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Proceeds from exercise of stock options and employee stock purchase plan |
|
|
5,753 |
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|
|
6,496 |
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Payment of 2019 Notes |
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|
— |
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|
|
(17,564 |
) |
Net cash provided by (used in) financing activities |
|
|
5,753 |
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|
|
(11,068 |
) |
Effect of exchange rate changes on cash and cash equivalents |
|
|
7 |
|
|
|
— |
|
Net increase (decrease) in cash and cash equivalents |
|
|
25,647 |
|
|
|
(91,323 |
) |
Cash and cash equivalents |
|
|
|
|
|
|
||
Beginning of period |
|
|
19,597 |
|
|
|
123,903 |
|
End of period |
|
$ |
45,244 |
|
|
$ |
32,580 |
|
Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements prepared and presented in accordance with U.S. generally accepted accounting principles, or GAAP, our key non-GAAP performance measures include adjusted EBITDA and non-GAAP net income (loss), as defined below. We use adjusted EBITDA and non-GAAP net income (loss) as key measures to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operating plans. We believe these measures provide useful information for period-to-period comparisons of our business to allow investors and others to understand and evaluate our operating results in the same manner as our management and board of directors. Our presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from similarly termed non-GAAP measures used by other companies.
Adjusted EBITDA
We define adjusted EBITDA as net income (loss) determined in accordance with GAAP, excluding, if applicable for the periods presented, the effects of stock-based compensation; depreciation; restructuring costs; settlement and related costs; induced conversion expense; other income, net; interest expense; loss on debt extinguishment; income tax benefit (expense); and acquisition transaction expense and related purchase accounting adjustments. During the first quarter of 2023, we revised our definition of adjusted EBITDA to exclude acquisition transaction expenses and related purchase accounting adjustments in connection with our Voyantic Oy acquisition. We have excluded these costs and expenses because we do not believe they reflect our core operations and us excluding them enables more consistent evaluation of our operating performance. The revision to our definition of adjusted EBITDA did not impact adjusted EBITDA for any previously reported periods because there was no impact of a similar nature in such prior periods affecting comparability.
Non-GAAP Net Income (Loss)
We define non-GAAP net income (loss) as net income (loss), adjusted for, if applicable for the periods presented, the effects of stock-based compensation; depreciation; restructuring costs; settlement and related costs; induced conversion expense; amortization of debt discount related to the equity component of our convertible notes; prepayment penalty on debt extinguishment; acquisition transaction expense; and the corresponding income tax impacts of adjustments to net income (loss). During the first quarter of 2023, we revised our definition of non-GAAP net income (loss) to adjust for acquisition transaction expenses and related purchase accounting adjustments in connection with our Voyantic Oy acquisition. Excluding acquisition transaction expenses and related purchase accounting adjustments did not impact the non-GAAP net income (loss) previously reported for periods preceding the revision.
During the second quarter of 2023, we further revised our definition of non-GAAP net income (loss) to adjust for income tax effects of adjustments to net income (loss), calculated at the statutory rate for current and historical periods. We have revised the prior period amounts to conform to our current period presentation.
IMPINJ, INC.
RECONCILIATIONS OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES
(in thousands, except percentages, unaudited)
|
|
Three Months Ended |
|
|
Six Months Ended |
|
||||||||||
|
|
June 30, |
|
|
June 30, |
|
||||||||||
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
||||
GAAP Gross margin |
|
|
51.0 |
% |
|
|
52.7 |
% |
|
|
50.8 |
% |
|
|
53.4 |
% |
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Depreciation and amortization |
|
|
1.5 |
% |
|
|
1.5 |
% |
|
|
1.3 |
% |
|
|
1.6 |
% |
Purchase accounting adjustments |
|
|
0.3 |
% |
|
|
0.0 |
% |
|
|
0.2 |
% |
|
|
0.0 |
% |
Stock-based compensation |
|
|
0.5 |
% |
|
|
0.5 |
% |
|
|
0.5 |
% |
|
|
0.8 |
% |
Non-GAAP Gross margin |
|
|
53.3 |
% |
|
|
54.7 |
% |
|
|
52.8 |
% |
|
|
55.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP Net loss |
|
$ |
(8,066 |
) |
|
$ |
(11,523 |
) |
|
$ |
(12,424 |
) |
|
$ |
(21,984 |
) |
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Depreciation and amortization |
|
|
4,273 |
|
|
|
1,465 |
|
|
|
6,066 |
|
|
|
2,973 |
|
Purchase accounting adjustments |
|
|
276 |
|
|
|
— |
|
|
|
276 |
|
|
|
— |
|
Stock-based compensation |
|
|
13,148 |
|
|
|
10,859 |
|
|
|
23,372 |
|
|
|
22,173 |
|
Other income, net |
|
|
(1,165 |
) |
|
|
(429 |
) |
|
|
(2,530 |
) |
|
|
(593 |
) |
Interest expense |
|
|
1,211 |
|
|
|
1,250 |
|
|
|
2,420 |
|
|
|
2,511 |
|
Income tax expense (benefit) |
|
|
(349 |
) |
|
|
(6 |
) |
|
|
(277 |
) |
|
|
43 |
|
Induced conversion expense |
|
|
— |
|
|
|
2,232 |
|
|
|
— |
|
|
|
2,232 |
|
Acquisition transaction expense |
|
|
630 |
|
|
|
— |
|
|
|
1,672 |
|
|
|
— |
|
Adjusted EBITDA |
|
$ |
9,958 |
|
|
$ |
3,848 |
|
|
$ |
18,575 |
|
|
$ |
7,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP Net loss |
|
$ |
(8,066 |
) |
|
$ |
(11,523 |
) |
|
$ |
(12,424 |
) |
|
$ |
(21,984 |
) |
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Depreciation and amortization |
|
|
4,273 |
|
|
|
1,465 |
|
|
|
6,066 |
|
|
|
2,973 |
|
Purchase accounting adjustments |
|
|
276 |
|
|
|
— |
|
|
|
276 |
|
|
|
— |
|
Stock-based compensation |
|
|
13,148 |
|
|
|
10,859 |
|
|
|
23,372 |
|
|
|
22,173 |
|
Induced conversion expense |
|
|
— |
|
|
|
2,232 |
|
|
|
— |
|
|
|
2,232 |
|
Acquisition transaction expense |
|
|
630 |
|
|
|
— |
|
|
|
1,672 |
|
|
|
— |
|
Income tax effects of adjustments (1) |
|
|
(965 |
) |
|
|
(285 |
) |
|
|
(1,783 |
) |
|
|
(507 |
) |
Non-GAAP Net income |
|
$ |
9,296 |
|
|
$ |
2,748 |
|
|
$ |
17,179 |
|
|
$ |
4,887 |
|
Non-GAAP Net income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
Basic |
|
$ |
0.35 |
|
|
$ |
0.11 |
|
|
$ |
0.65 |
|
|
$ |
0.19 |
|
Diluted |
|
$ |
0.33 |
|
|
$ |
0.10 |
|
|
$ |
0.60 |
|
|
$ |
0.18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
GAAP Weighted-average shares — diluted |
|
|
26,713 |
|
|
|
25,429 |
|
|
|
26,499 |
|
|
|
25,204 |
|
Dilutive shares from stock plans |
|
|
1,809 |
|
|
|
1,167 |
|
|
|
2,039 |
|
|
|
1,584 |
|
Non-GAAP Weighted-average shares — diluted |
|
|
28,522 |
|
|
|
26,596 |
|
|
|
28,538 |
|
|
|
26,788 |
|
(1) The tax effects of the adjustments are calculated using the statutory rate, taking into consideration the nature of the item and relevant taxing jurisdictions. |
|
IMPINJ, INC.
RECONCILIATIONS OF GAAP FINANCIAL OUTLOOK TO NON-GAAP FINANCIAL OUTLOOK
(in thousands, except per share data, unaudited – calculated at the midpoint of the outlook range)
|
|
Three Months Ending |
|
|
|
|
September 30, |
|
|
|
|
2023 |
|
|
GAAP Net loss |
|
$ |
(18,950 |
) |
Adjustments: |
|
|
|
|
Forecasted Depreciation and amortization |
|
|
3,550 |
|
Forecasted Stock-based compensation |
|
|
12,600 |
|
Forecasted Interest expense |
|
|
1,260 |
|
Forecasted Purchase accounting adjustments |
|
|
110 |
|
Forecasted Other income, net |
|
|
(850 |
) |
Forecasted Income tax benefit |
|
|
(220 |
) |
Adjusted EBITDA |
|
$ |
(2,500 |
) |
|
|
|
|
|
GAAP Net loss |
|
$ |
(18,950 |
) |
Adjustments: |
|
|
|
|
Forecasted Depreciation and amortization |
|
|
3,550 |
|
Forecasted Stock-based compensation |
|
|
12,600 |
|
Forecasted Purchase accounting adjustments |
|
|
110 |
|
Forecasted Income tax benefit |
|
|
236 |
|
Non-GAAP Net loss |
|
$ |
(2,454 |
) |
|
|
|
|
|
GAAP Net loss per share — basic and diluted |
|
$ |
(0.70 |
) |
Non-GAAP Net loss per share — basic and diluted |
|
$ |
(0.09 |
) |
|
|
|
|
|
GAAP weighted-average shares — basic and diluted |
|
|
27,000 |
|
|
|
|
|
|
Non-GAAP weighted-average shares — basic and diluted |
|
|
27,000 |
|
Document and Entity Information |
Jul. 26, 2023 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | Impinj, Inc. |
Amendment Flag | false |
Entity Central Index Key | 0001114995 |
Document Type | 8-K |
Document Period End Date | Jul. 26, 2023 |
Entity Incorporation, State or Country Code | DE |
Entity File Number | 001-37824 |
Entity Tax Identification Number | 91-2041398 |
Entity Address, Address Line One | 400 Fairview Avenue North |
Entity Address, Address Line Two | Suite 1200 |
Entity Address, City or Town | Seattle |
Entity Address, State or Province | WA |
Entity Address, Postal Zip Code | 98109 |
City Area Code | (206) |
Local Phone Number | 517-5300 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, par value $0.001 per share |
Trading Symbol | PI |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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