| --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | Boundless IoT Investor Presentation Second Quarter 2022 See what's possible when every thing is connected to the digital world | | | | | | | | | | | | | | | | | | | | | | | | | | Safe Harbor Statement This presentation and the accompanying oral commentary ...

Financial Data and Key Metrics Changes - Second quarter revenue was $59.8 million, up 13% sequentially from $53.1 million in Q1 2022 and up 27% year-over-year from $47.3 million in Q2 2021 [20] - Second quarter endpoint IC revenue was $42.9 million, up 10% sequentially from $38.8 million in Q1 2022 and up 39% year-over-year from $30.8 million in Q2 2021 [20] - Second quarter systems revenue was $16.9 million, up 18% sequentially from $14.3 million in Q1 2022 and up 3% year-over-year from $16.5 million in Q2 2021 [21] - Second quarter gross margin was 54.7%, compared to 57% in Q1 2022 and 54.5% in Q2 2021 [23] - Second quarter adjusted EBITDA was $3.8 million, with an adjusted EBITDA margin of 6.4% [25] Business Line Data and Key Metrics Changes - Endpoint IC demand exceeded supply by more than 50% for the fifth consecutive quarter, with expectations for this imbalance to persist into Q3 [9] - Systems revenue exceeded expectations, driven by strong reader and reader IC revenue, although a slight sequential decline in Q3 systems revenue is anticipated due to component shortfalls [22] - Reader IC revenue set a new quarterly record, recovering from previous post-processing challenges [14] Market Data and Key Metrics Changes - Strong demand for endpoint ICs driven by retailers adopting RAIN for inventory visibility and logistics providers for item traceability [11] - Retail expansion is focused on apparel, home goods, and supply chain expansion for parcel shipment traceability, providing multiyear growth tailwinds [12] Company Strategy and Development Direction - The company is focused on leveraging increased wafer supply to drive revenue growth in the second half of 2022 [30] - Continued investment in growing, diversifying, and streamlining endpoint IC post-processing to meet demand [13] - The launch of the new Impinj E910 Reader IC aims to enhance performance and accelerate market entry for partners [15] Management's Comments on Operating Environment and Future Outlook - Management expressed guarded optimism regarding supply improvements but acknowledged ongoing constraints impacting revenue growth [10][37] - The company expects third quarter revenue between $63.5 million and $65.5 million, reflecting a 43% year-over-year increase at the midpoint [31] - Management remains confident in the market position and strong demand despite supply challenges [19] Other Important Information - The company repurchased the remaining principal of its 2026 convertible notes, saving $1.1 million in non-GAAP interest expense [28] - Inventory totaled $32 million, with a slight increase from the prior quarter [27] Q&A Session Summary Question: Will component shortages ease in the second half of the year? - Management indicated that component shortfalls will continue to impact Q3, but there is hope for improvement in Q4 [35] Question: How is the foundry partner's supply situation trending? - Management noted incremental wafer upsides and a gradual increase in pace, but significant supply constraints remain [36] Question: What happens when larger customers return to the foundry? - Management expressed confidence in maintaining prioritization with the foundry partner despite larger customers potentially returning [44] Question: What are the prospects for the logistics customer program? - Management highlighted the importance of demonstrating operational efficiencies to ensure the program's success [49] Question: What is the outlook for operating expenses and margins? - Management clarified that flat operating expenses do not indicate a lack of investment, and they aim to generate adjusted EBITDA profitability [55]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Iden ...

Impinj, Inc. (NASDAQ:PI) Q1 2022 Earnings Conference Call April 27, 2022 5:00 PM ET Company Participants Andy Cobb – Vice President-Strategic Finance Chris Diorio – Co-Founder and Chief Executive Officer Cary Baker – Chief Financial Officer Jeff Dossett – Chief Revenue Officer Conference Call Participants Toshiya Hari – Goldman Sachs Scott Searle – Roth Capital Daniel Park – Canaccord Genuity Harsh Kumar – Piper Sandler Troy Jensen – Lake Street Capital Chris Grenga – Needham & Company Operator Welcome to t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Ide ...

(Address of principal executive offices) (Zip Code) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of ...

Impinj, Inc. (NASDAQ:PI) Q4 2021 Earnings Conference Call February 9, 2022 5:00 PM ET Company Participants Andy Cobb - Vice President and Strategic Finance Chris Diorio - Chief Executive Officer, Vice Chair, and Co Founder Cary Baker - Chief Financial Officer Jeff Dossett - Chief Revenue Officer Conference Call Participants Toshiya Hari - Goldman Sachs Michael Walkley - Canaccord Genuity Harsh Kumar - Piper Sandler Troy Jensen - Lake Street Capital Derek Soderberg - Colliers Securities Jim Ricchiuti - Need ...

Impinj, Inc. (NASDAQ:PI) Q3 2021 Results Conference Call October 27, 2021 5:00 PM ET Company Participants Andy Cobb - VP, Strategic Finance Chris Diorio - Co-Founder, Vice Chairman & CEO Cary Baker - CFO Jeff Dossett - Chief Revenue Officer Conference Call Participants Harsh Kumar - Piper Sandler Derek Soderberg - Colliers Securities Chris Grenga - Needham & Co Troy Jensen - Lake Street Capital Scott Searle - ROTH Capital Operator Welcome to the Impinj Third Quarter 2021 Earnings Conference Call and Webcast ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of incorporation or organization) 400 Fairview Ave ...

Financial Data and Key Metrics Changes - Second quarter revenue was $47.3 million, up 4.5% sequentially from $45.2 million in Q1 2021 and up 78.7% year-over-year from $26.5 million in Q2 2020 [16] - Second quarter gross margin was 54.5%, compared to 50.3% in Q1 2021 and 51.4% in Q2 2020, driven by product mix and underlying product margins [18] - Second quarter adjusted EBITDA was a record profit of $3.3 million, compared to a profit of $900,000 in Q1 2021 and a loss of $5.2 million in Q2 2020 [20] Business Line Data and Key Metrics Changes - Second quarter endpoint IC revenue was $30.8 million, down 19.2% sequentially from $38.1 million in Q1 2021 but up 66% year-over-year from $18.5 million in Q2 2020 [16] - Second quarter systems revenue was $16.5 million, up 130% sequentially from $7.2 million in Q1 2021 and up 108.3% year-over-year from $7.9 million in Q2 2020 [17] - Reader IC revenue increased sequentially but declined year-over-year due to ongoing packaging constraints [17] Market Data and Key Metrics Changes - Demand for endpoint ICs exceeded shipments by 50%, indicating strong market demand [8][57] - The backlog for endpoint IC orders extends well into 2022, suggesting robust future demand [22] Company Strategy and Development Direction - The company plans to maximize total unit volumes by shipping much of its remaining inventory in the second half of 2021 [7] - New product launches, including the Impinj E710, E510, and E310 reader ICs, are expected to drive future growth [12] - The company is focused on enterprise digital transformation as a key driver of demand across various verticals [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged supply constraints due to tight wafer supply and ongoing COVID-19 impacts on post-processing capacity [9][24] - The company expects strong third quarter demand and is optimistic about long-term growth despite short-term challenges [14][25] - Management expressed confidence in the team's ability to navigate supply chain challenges and meet demand [15][33] Other Important Information - The company ended Q2 with cash, cash equivalents, and short-term investments of $112 million, down from $119.3 million in Q1 2021 [21] - The company anticipates a further decline in inventory in the second half of the year [21] Q&A Session Summary Question: How do supply constraints impact growth and revenue in Q3 and Q4? - Management indicated that increased Q2 shipments came at the expense of Q4 supply, and Q3 endpoint IC revenue is expected to increase sequentially despite COVID-related impacts [30][31] Question: What is the status of the airline opportunity? - Management noted that while the airline opportunity is still progressing, the pace of adoption has slowed due to COVID-19 impacts on the aviation industry [38][39] Question: Will the systems business still be down sequentially in Q3? - Management clarified that while Q3 systems revenue will be down due to a tough comparison with Q2, the run rate systems business is expected to grow sequentially [41] Question: What gives confidence in meeting customer demand in early 2022? - Management stated that it is still early to project 2022 wafer availability, but they are actively working with their foundry partner to secure more wafers [45][46] Question: What are the major milestones for transitioning to M700 production? - Management confirmed that they have been ramping up post-processing capacity and are confident in exiting the year with significant capacity [48][49] Question: How is the demand situation, and is there evidence of double ordering? - Management indicated that demand is real and driven by enterprise digital transformation, with no significant evidence of double ordering observed [57][60]