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Impinj Reports 4Q, Full Year 2021 Financial Results

Company reports 2021 revenue of $190.3 million, GAAP gross margin of 52%.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Impinj, Inc. released its financial results for the fourth quarter and year ended Dec. 31, 2021. 

“Our fourth-quarter results capped a strong close to an exceptional year,” said Chris Diorio, Impinj co-founder and CEO. “We delivered record bookings, revenue and adjusted EBITDA while launching key new products, investing in our team, building our 300mm post-processing capacity and accelerating our Impinj M700 endpoint IC ramp.”

In the fourth quarter of 2021, Impinj reported revenue of $52.6 million, adjusted EBITDA of $5.3 million, GAAP gross margin of 55.5%, and GAAP net loss of $20.0 million, or loss of $0.81 per diluted share using 24.6 million shares.

For the full year of 2021, Impinj reported revenue of $190.3 million, adjusted EBITDA of $9.1 million, GAAP gross margin of 52.%, and GAAP net loss of $51.3 million, or loss of $2.12 per diluted share using 24.2 million shares.

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