Impinj, Inc. (NASDAQ:PI) Q4 2020 Earnings Conference Call February 10, 2021 5:00 PM ET Company Participants Ellen Davis - Investor Relations Chris Diorio - Co-Founder & Chief Executive Officer Cary Baker - Chief Financial Officer Jeff Dossett - Chief Revenue Officer Conference Call Participants Craig Hettenbach - Morgan Stanley Harsh Kumar - Piper Sandler Mike Walkley - Canaccord Genuity Jim Ricchiuti - Needham & Company Derek Soderberg - Colliers Securities Toshiya Hari - Goldman Sachs Scott Searle - Roth ...

1 Investor Presentation Third Quarter 2020 © 2019 Safe Harbor Statement This presentation and the accompanying oral commentary contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any statements about expectations, projections, trends, plans, ambitions, strategies, and objectives of management for the future; potential markets or ma ...

Financial Data and Key Metrics Changes - Third quarter revenue was $28.2 million, a decline of 30.8% year-over-year but an increase of 6.6% quarter-over-quarter compared to $40.8 million in Q3 2019 and $26.5 million in Q2 2020 [23][24] - Third quarter endpoint IC revenue was $21.6 million, down 18.1% year-over-year but up 16.4% quarter-over-quarter compared to $26.4 million in Q3 2019 and $18.5 million in Q2 2020 [23][24] - Third quarter systems revenue was $6.6 million, a decline of 54.1% year-over-year and 16.5% quarter-over-quarter compared to $14.4 million in Q3 2019 and $7.9 million in Q2 2020 [25][26] - Third quarter gross margin was 50.1%, compared to 50.2% a year ago and 51.4% last quarter [26] - Third quarter GAAP net loss was $14.3 million, while non-GAAP net loss was $6.7 million or $0.29 per share [27] Business Line Data and Key Metrics Changes - Endpoint IC revenue increased sequentially in Q3, driven by recovering retail demand, with over 100 million Impinj M700 endpoint ICs shipped [9][11] - Systems revenue declined due to COVID-19 impacting demand in retail, automotive, and consumer-facing use cases [12][15] - Gateway revenue increased sequentially, primarily from shipments to North American supply chain and logistics end users [13][15] Market Data and Key Metrics Changes - Retail foot traffic is down, leading retailers to focus on omnichannel fulfillment, increasing demand for endpoint ICs [17][18] - In supply chain and logistics, there is traction in identifying tagged pallets and cartons, with a strong pipeline of opportunities [19][20] Company Strategy and Development Direction - The company aims to exit COVID-19 as a stronger entity, focusing on digital transformation opportunities for end users [21][22] - Strategic initiatives include capital investment in 300mm endpoint IC processing and maintaining adequate supply of 200mm wafers [30][31] Management's Comments on Operating Environment and Future Outlook - Management noted that COVID-19 has altered business operations, suppressing demand for fixed readers but expects a rebound as clarity on the pandemic improves [16][21] - The company anticipates fourth quarter revenue growth despite typical seasonal declines, with endpoint IC revenue expected to be on par with 2019 levels [24][33] Other Important Information - The company ended Q3 with cash, cash equivalents, and short-term investments of $105.1 million, up from $63.1 million in Q3 2019 [28] - Third quarter operating expenses totaled $20.4 million, an increase from $18.4 million in Q3 2019 [27] Q&A Session Summary Question: Update on 300mm wafers transition - Management indicated that they have shipped 100 million units of Impinj M700 IC and expect growth in the fourth quarter and into 2021 [36][37] Question: Confidence in endpoint IC revenue growth - Management expressed optimism about the increasing interest in digital transformations among customers, which is expected to enhance the long-term pipeline for RAIN adoption [47][49] Question: Systems revenue constraints - Management acknowledged that systems revenue would remain constrained due to channel inventory dynamics and the transition of a large North American customer to operational phase [102] Question: Automotive sector recovery - Management noted that re-engagement with partners in the automotive sector is encouraging, but specific demand fulfillment timelines remain uncertain [104]

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, 2020 ☐ 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 ...

Impinj, Inc. (NASDAQ:PI) Q2 2020 Earnings Conference Call July 29, 2020 5:00 PM ET Company Participants Ellen Hayes-Roth – Investor Relations Chris Diorio – Co-Founder and Chief Executive Officer Cary Baker – Chief Financial Officer Jeff Dossett – Chief Revenue Officer Conference Call Participants Jim Ricchiuti – Needham & Company Charlie Anderson – Colliers Security Scott Searle – Roth Capital Craig Hettenbach – Morgan Stanley Operator Good day, and welcome to the Impinj Inc. Second Quarter 2020 Earnings C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q Registrant's telephone number, including area code: (206) 517-5300 IMPINJ, INC. ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) For the quarterly period ended June 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-37824 Delaware 91-2041398 (State or other j ...

1 Investor Presentation First Quarter 2020 © 2019 Safe Harbor Statement This presentation and the accompanying oral commentary contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any statements about expectations, projections, trends, plans, ambitions, strategies, and objectives of management for the future; potential markets or ma ...

Impinj, Inc. (NASDAQ:PI) Q1 2020 Earnings Conference Call April 27, 2020 5:00 PM ET Company Participants Ellen Hayes-Roth - IR Chris Diorio - Co-Founder and CEO Cary Baker - CFO Jeff Dossett - EVP of Sales and Marketing Conference Call Participants Mike Walkley - Canaccord Genuity Troy Jensen - Piper Jaffray Charlie Anderson - Dougherty & Company Craig Hettenbach - Morgan Stanley Mike Cikos - Needham Scott Searle - ROTH Capital Operator Good afternoon, and welcome to the Impinj First Quarter 2020 Earnings C ...

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, 2020 ☐ 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 ...

Impinj, Inc. (NASDAQ:PI) Q4 2019 Earnings Conference Call March 2, 2020 5:00 PM ET Company Participants Ellen Hayes-Roth - IR Chris Diorio - Co-Founder and CEO Cary Baker - CFO Linda Breard - Consultant to CEO Jeff Dossett - EVP of Sales and Marketing Conference Call Participants Michael Walkley - Canaccord Genuity Jim Ricchiuti - Needham & Company Craig Hettenbach - Morgan Stanley Troy Jensen - Piper Jaffray Charles Anderson - Dougherty & Company Mitch Steves - RBC Capital Markets Operator Good day and wel ...