02.10.23
Impinj, Inc. released its financial results for the fourth quarter and year ended Dec. 31, 2022.
“2022 was a very strong year for Impinj,” said Chris Diorio, Impinj co-founder and CEO. “We delivered record revenue and adjusted EBITDA, invested in our team, unlocked new opportunities heading into 2023 and advanced our vision of connecting everything.”
Fourth Quarter 2022 Financial Summary:
• Revenue of $76.6 million.
• GAAP gross margin of 52.4%; non-GAAP gross margin of 53.8%.
• GAAP net loss of $0.1 million, or loss of less than $0.01 per diluted share using 26.0 million shares.
• Adjusted EBITDA of $11.8 million.
• Non-GAAP net income of $11.6 million, or income of $0.41 per diluted share using 28.2 million shares.
Full Year 2022 Financial Summary:
• Revenue of $257.8 million.
• GAAP gross margin of 53.5%; non-GAAP gross margin of 55.5%.
• GAAP net loss of $24.3 million, or loss of $0.95 per diluted share using 25.5 million shares.
• Adjusted EBITDA of $28.9 million.
• Non-GAAP net income of $26.3 million, or income of $0.96 per diluted share using 27.5 million shares.
“2022 was a very strong year for Impinj,” said Chris Diorio, Impinj co-founder and CEO. “We delivered record revenue and adjusted EBITDA, invested in our team, unlocked new opportunities heading into 2023 and advanced our vision of connecting everything.”
Fourth Quarter 2022 Financial Summary:
• Revenue of $76.6 million.
• GAAP gross margin of 52.4%; non-GAAP gross margin of 53.8%.
• GAAP net loss of $0.1 million, or loss of less than $0.01 per diluted share using 26.0 million shares.
• Adjusted EBITDA of $11.8 million.
• Non-GAAP net income of $11.6 million, or income of $0.41 per diluted share using 28.2 million shares.
Full Year 2022 Financial Summary:
• Revenue of $257.8 million.
• GAAP gross margin of 53.5%; non-GAAP gross margin of 55.5%.
• GAAP net loss of $24.3 million, or loss of $0.95 per diluted share using 25.5 million shares.
• Adjusted EBITDA of $28.9 million.
• Non-GAAP net income of $26.3 million, or income of $0.96 per diluted share using 27.5 million shares.