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IMPINJ INC (PI)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    China (and Hong Kong)  98.879.370.8     
    Malaysia  23.6       
    Asia Pacific  133.298.589.079.380.5 45.133.9
    China (Including Hong Kong)     64.368.0   
    Other        33.429.9
Total revenues   [+]190.3138.9152.8122.6125.3112.378.563.8
            Revenue growth   [+]37.0%-9.1%24.6%-2.1%11.6%43.1%23.1% 
Cost of goods sold   [+]91.373.878.864.460.452.837.630.1
Gross profit  99.065.174.058.364.959.540.833.6
            Gross margin  52.0%46.9%48.4%47.5%51.8%52.9%52.0%52.8%
Selling, general and administrative   [+]70.463.656.855.249.734.821.716.9
Research and development  64.148.638.934.232.225.217.614.3
Other operating expenses         2.0
Adjusted EBITDA  9.6-16.91.6-15.3-5.65.14.83.0
            Adjusted EBITDA margin  5.0%-12.2%1.1%-12.5%-4.5%4.6%6.1%4.7%
Stock-based compensation  40.525.718.511.37.42.81.21.2
EBITDA   [+]-30.9-42.6-16.9-26.6-13.12.43.61.8
            EBITDA margin  -16.3%-30.6%-11.0%-21.7%-10.4%2.1%4.6%2.9%
Depreciation and amortization  4.64.54.84.54.02.92.01.4
EBIT   [+]-35.5-47.1-21.7-31.1-17.0-0.51.60.5
            EBIT margin  -18.7%-33.9%-14.2%-25.4%-13.6%-0.4%2.0%0.7%
Non-recurring items  1.7  3.7    
Interest expense  2.65.41.81.40.91.61.20.9
Other income (expense), net   [+]-11.30.60.70.80.50.60.70.8
Pre-tax income  -51.1-51.8-22.8-35.5-17.4-1.51.10.4
Income taxes  0.20.10.2-0.2-0.10.20.20.1
            Tax rate     0.7%0.6% 15.6%24.4%
Net income  -51.3-51.9-23.0-35.2-17.3-7.9-10.4-11.0
            Net margin  -26.9%-37.4%-15.0%-28.7%-13.8%-7.1%-13.3%-17.3%
   
Basic EPS   [+]($2.12)($2.28)($1.05)($1.65)($0.84)($0.74)($2.67)($3.30)
Diluted EPS   [+]($2.12)($2.28)($1.05)($1.65)($0.84)($0.74)($2.67)($3.30)
   
Shares outstanding (basic)   [+]24.222.821.821.320.710.83.93.3
Shares outstanding (diluted)   [+]24.222.821.821.320.710.83.93.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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