IMPINJ Inc (OQ:PI)
Business Focus: RFID Systems
| Sector: Technology | Industry: Semiconductors |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 400 Fairview Avenue North, Suite 1200 SEATTLE WA 98109 |
| Tel: | N/A |
| Website: | https://www.impinj.com |
| IR: | See website |
| Key People | ||
| Chris Diorio Chief Executive Officer, Vice Chairman, Director | Cary L. Baker Chief Financial Officer | Hussein Mecklai Chief Operating Officer | Jeff Dossett Chief Revenue Officer |
| Business Overview |
| Impinj, Inc. (Impinj) is engaged in developing of Internet of things (IoT) solutions. The Company helps businesses and people to analyze, optimize, and innovate by wirelessly connecting billions of everyday things, such as apparel, automobile parts, luggage, and shipments to the Internet. The Company uses a type of radio-frequency identification (RFID) technology known as RAIN for the wireless item-to-cloud connectivity. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless IoT. It sells a suite of products that enable the Company and its partner ecosystem use to connect and deliver item data to enterprises. It sells two types of silicon integrated circuit (IC) radios. The first are endpoint ICs that store a serialized number to wirelessly identify an item. The second are reader ICs that its partners use in finished readers to wirelessly discover, inventory and engage the endpoint ICs. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, IMPINJ Inc revenues increased 19% to $307.5M. Net loss increased 78% to $43.4M. Revenues reflect Endpoint ICs segment increase of 22% to $234.4M, Systems segment increase of 10% to $73.1M, Americas segment increase of 69% to $96.4M, Asia Pacific segment increase of 5% to $176.4M. Higher net loss reflects General and administrative expense increase of 45% to $46.3M (expense). |
| Employees: | 475 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,532M as of Dec 31, 2023 |
| Annual revenue (TTM): | $307.54M as of Dec 31, 2023 |
| EBITDA (TTM): | -$26.59M as of Dec 31, 2023 |
| Net annual income (TTM): | -$43.37M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$68.22M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $168.62M as of Dec 31, 2023 |
| Shares outstanding: | 27,197,698 as of Feb 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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