Impin IMPINJ 6 • Unique ID: for pennies per tag • Worldwide: spectrum, standards & ecosystem Market Opportunity | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------|-------|-------|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|--------------------------------------------------------------------------- ...

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, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 001-37824 IMPINJ, INC. (Exact name of registrant as specified in its charter) Delaware 91-2041398 (State or other jurisdiction of incorporati ...

Investor Presentation Second Quarter 2023 1 © 2023 IMPINJ mp 201 IMPINJ Our Vision is boundless IoT, extending the Internet of Things to trillions of everyday items 3 4 Digital Twins Manufacturer Shipper Seller Person Archive Connect Every Thing Own | Store | Explore | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------|-------|-------|-------|-------|-------|-------|----------------------------------------------------------------------------------------------------------------------------- ...

Impinj, Inc. (NASDAQ:PI) Q2 2023 Earnings Conference Call July 26, 2023 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 Harsh Kumar – Piper Sandler Jim Ricchiuti – Needham & Company Mike Walkley – Canaccord Genuity Mark Lipacis – Jefferies Scott Searle – ROTH MKM Operator Welcome to the Impinj Second Quarter 2023 Earnings Co ...

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 ...

Financial Data and Key Metrics Changes - First quarter revenue reached $85.9 million, a 12% sequential increase from $76.6 million in the fourth quarter of 2022 and a 62% year-over-year increase from $53.1 million in the first quarter of 2022 [31] - First quarter adjusted EBITDA was $8.6 million, down from $11.8 million in the fourth quarter of 2022 but up from $3.5 million in the first quarter of 2022 [8] - First quarter GAAP net loss was $4.4 million, while non-GAAP net income was $8.7 million, or $0.30 per share on a fully diluted basis [8] Business Line Data and Key Metrics Changes - First quarter systems revenue was $18.8 million, up 6% sequentially from $17.9 million in the fourth quarter of 2022 and up 31% year-over-year from $14.3 million in the first quarter of 2022 [7] - First quarter endpoint IC revenue was $67 million, a 14% sequential increase from $58.7 million in the fourth quarter of 2022 and a 73% year-over-year increase from $38.8 million in the first quarter of 2022 [100] - First quarter gross margin was 52.4%, compared to 53.8% in the fourth quarter of 2022 and 57% in the first quarter of 2022 [108] Market Data and Key Metrics Changes - The company expects second quarter revenue between $84 million and $87 million, reflecting a 43% year-over-year increase at the midpoint compared to $59.8 million in the second quarter of 2022 [35] - The backlog remains strong, significantly exceeding current inventory levels, indicating robust demand for future growth [76] Company Strategy and Development Direction - The acquisition of Voyantic aims to enhance the quality, reliability, and readability of inlays used in enterprise deployments, expanding the company's solutions footprint [6][41] - The company is focused on driving growth through enterprise program expansions and new use cases, particularly in retail and supply chain logistics [28][85] - The company anticipates that the second half of 2023 will see improved supply and demand balance, leading to growth in endpoint IC revenue [99][63] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are delays in enterprise deployments, demand remains strong, and the backlog is healthy, suggesting a pause in growth rather than a decline [37][97] - The company expects to see significant endpoint IC growth for the full year, despite a flat second quarter due to timing issues with large deployments [13][63] - Management expressed confidence in overcoming past supply chain challenges and achieving a sustainable inventory level to support growth [70][124] Other Important Information - The company ended the first quarter with cash, cash equivalents, and investments totaling $164.7 million, down from $192.9 million in the fourth quarter of 2022 [109] - The company is building inventory to support growth expectations and to avoid past supply shortfalls [70][71] Q&A Session Summary Question: How would you characterize the end demand? - Management indicated that end user demand remains strong, with no significant pullbacks observed, although some deployments are delayed due to supply chain challenges [12][37] Question: Is the company still positioned for 25% to 30% growth? - Management affirmed that they see robust full-year endpoint IC growth and do not anticipate changes to the historical CAGR of 25% to 30% [13] Question: What is the impact of the Voyantic acquisition? - The acquisition is expected to enhance revenue and gross margin, contributing positively to the systems line [9][84] Question: What are the expectations for operating expenses in the second half of the year? - Management expects operating expenses to decline in the second quarter and remain below the first half run rate in the second half of the year [46][47] Question: How is the pipeline for systems opportunities? - The systems pipeline remains strong, with significant opportunities in retail and supply chain logistics, and management expects second half revenue to exceed the first half [60][85]

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 ...