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, 2023 ☐ 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 400 ...

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, 2023 Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Stock, par value $0.001 per share | PI | The Nasdaq Global Select Market | Indicate by check mark whether the registran ...

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, 2022 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 (I.R.S. Employer Identification No.) Seattle, Washington 98109 (Address of principal ...

Impinj, Inc. (NASDAQ:PI) Q4 2022 Earnings Conference Call February 8, 2023 5:00 PM ET Company Participants Andy Cobb - Vice President, Strategic Finance Chris Diorio - Co-Founder and CEO Cary Baker - CFO Jeff Dossett - CRO Conference Call Participants Toshiya Hari - Goldman Sachs Harsh Kumar - Piper Sandler Michael Walkley - Canaccord Genuity Scott Searle - ROTH Capital Troy Jensen - Lake Street Capital Operator Welcome to the Impinj Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast. Al ...

(1) Variations due to rounding © 2023 25 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | Boundless IoT Investor Presentation Fourth Quarter 2022 See what's possible when every thing is connected to the digital world | | | | | | | | | | | | | | | | | | | | | | | | | | | | | In addition t ...

Impinj, Inc. (NASDAQ:PI) Q3 2022 Earnings Conference Call October 26, 2022 5:00 PM ET Company Participants Andy Cobb - Vice President, Strategic Finance Chris Diorio - Co-Founder and CEO Cary Baker - CFO Jeff Dossett - CRO Conference Call Participants Mark Lipacis - Jefferies Jim Ricchiuti - Needham & Company Mike Walkley - Canaccord Genuity Troy Jensen - Lake Street Capital Scott Searle - ROTH Capital Operator Welcome to the Impinj Third Quarter 2022 Earnings Conference Call and Webcast. All participants w ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | Boundless IoT Investor Presentation Third Quarter 2022 See what's possible when every thing is connected to the digital world | | | | | | | | | | | | | | | | | | | | | | | | | | Forward-Looking Statements & Non-GAAP Financial Measures This presentation and ...

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, 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 ...

| --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | 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]