NASDAQ$PI

Impinj Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record bookings, revenue and adjusted EBITDA while launching key new products, investing in team, building 300mm post-processing capacity and accelerating Impinj M700 endpoint IC ramp.

Impinj reported a strong close to an exceptional year with record bookings, revenue, and adjusted EBITDA.

  • Revenue of $52.6 million
  • GAAP gross margin of 55.5%; non-GAAP gross margin of 58.2%
  • GAAP net loss of $20.0 million, or loss of $0.81 per diluted share using 24.6 million shares
  • Non-GAAP net income of $4.3 million, or income of $0.16 per diluted share using 26.8 million shares

Headline financials

Total Revenue

$52.6M

Previous: $36.4M+44.2%
EPS (adj)

$0.16

Previous: -$0.15+206.7%
GAAP Gross Margin

55.5%

No prior period
Non-GAAP Gross Margin

58.2%

Previous: 50.4%+15.5%
Adjusted EBITDA

$5.29M

No prior period
Capital Expenditures

$2.05M

Previous: $738K+177.6%
Free Cash Flow

-$5.99M

Previous: -$4.06M-47.5%
Net Income

-$20M

Previous: -$15.7M-27.3%
Operating Income

-$7.69M

Previous: -$14.4M+46.6%
Gross Profit

$29.2M

Previous: $17.4M+67.6%
Cash & Equivalents

$124M

Previous: $23.6M+424.2%
Total Assets

$316M

Previous: $208M+52.0%
Stock-Based Comp

$11.5M

Previous: $10.2M+13.5%

Revenue & EPS history

Impinj · Revenue · Quarterly

$52.6M

Q4 2021+44.2%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Impinj provided financial outlook for the first quarter of 2022 based on current market conditions and expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+1.1%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+6.5%

Avg return

30 days after

53%

21 / 40 earnings

Positive

+36.6%

Q1 2019

Best reaction

-39.4%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+24.9%+25.6%
Q4 2025-24.6%-30.5%-38.7%
Q3 2025-14.7%-27.4%-29.0%
Q1 2025+16.5%+16.4%+45.3%
Q4 2024-15.2%-16.3%-20.9%
Q3 2024-14.0%-8.0%-14.5%
Q2 2024-1.4%+1.2%+1.3%
Q1 2024+25.8%+27.3%+34.5%
Q4 2023+2.7%-3.8%+8.3%
Q3 2023+16.0%+13.8%+55.5%
Q2 2023-13.7%-17.0%-23.9%
Q1 2023-39.4%-36.7%-26.0%
Q4 2022-2.7%-1.1%-1.5%
Q3 2022+30.9%+30.2%+38.5%
Q2 2022+21.6%+26.9%+36.0%
Q1 2022-0.8%+2.3%-4.7%
Q4 2021-15.4%-18.5%-30.1%
Q3 2021+23.9%+26.9%+29.5%
Q2 2021+7.6%+11.6%+44.6%
Q1 2021-17.6%-9.6%-8.4%
Q4 2020+9.1%+8.3%-6.7%
Q3 2020-5.9%-9.8%+20.9%
Q2 2020-18.3%-15.6%-14.0%
Q1 2020+12.2%+5.1%+37.8%
Q4 2019-17.6%-25.1%-51.6%
Q3 2019+2.3%-0.3%-10.5%
Q2 2019+10.5%+0.5%+0.9%
Q1 2019+36.6%+38.4%+14.8%
Q4 2018+2.1%+2.0%-1.3%
Q3 2018+3.3%+24.2%+17.4%
Q2 2018+34.7%+33.8%+7.6%
Q1 2018+33.7%+31.3%+57.6%
Q4 2017-14.3%-6.6%+5.3%
Q3 2017-36.9%-29.7%-28.1%
Q2 2017-23.5%-23.7%-20.5%
Q1 2017+12.6%+6.5%+25.4%
Q4 2016-14.6%-21.0%-21.3%
Q3 2015+1.1%+11.8%+33.8%
Q3 2016+9.7%+10.8%+6.5%
Q2 2016+21.2%+43.6%+64.5%
Q1 2016
Q4 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q1 2011
Q1 2010

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