$PI
IMPINJ INC

2020 Q1 Form 10-Q Financial Statement

#000156459020018835 Filed on April 27, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $47.82M $40.82M $33.06M
YoY Change 44.64% 17.91% 31.89%
Cost Of Revenue $26.43M $20.89M $17.19M
YoY Change 53.74% 14.09% 29.19%
Gross Profit $21.39M $19.93M $15.87M
YoY Change 34.78% 22.19% 34.95%
Gross Profit Margin 44.74% 48.82% 48.01%
Selling, General & Admin $13.73M $15.55M $14.24M
YoY Change -3.61% 15.1% 1.14%
% of Gross Profit 64.18% 78.02% 89.74%
Research & Development $11.06M $11.20M $8.561M
YoY Change 29.16% 24.44% 6.97%
% of Gross Profit 51.68% 56.2% 53.93%
Depreciation & Amortization $1.168M $1.170M $1.155M
YoY Change 1.13% 2.63% 3.13%
% of Gross Profit 5.46% 5.87% 7.28%
Operating Expenses $11.06M $26.75M $22.81M
YoY Change -51.52% 18.89% -12.34%
Operating Profit $10.34M -$6.820M -$6.932M
YoY Change -249.12% 10.18% -51.36%
Interest Expense $1.312M -$530.0K $429.0K
YoY Change 205.83% 23.26% 87.34%
% of Operating Profit 12.69%
Other Income/Expense, Net $410.0K $300.0K $321.0K
YoY Change 27.73% 20.0% 256.67%
Pretax Income -$4.300M -$7.630M -$7.040M
YoY Change -38.92% 19.59% -51.08%
Income Tax $30.00K $50.00K $28.00K
% Of Pretax Income
Net Earnings -$4.326M -$7.680M -$7.068M
YoY Change -38.79% 28.21% -51.06%
Net Earnings / Revenue -9.05% -18.81% -21.38%
Basic Earnings Per Share
Diluted Earnings Per Share -$193.2K -$346.4K -$328.2K
COMMON SHARES
Basic Shares Outstanding 21.49M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.2M $116.5M $56.60M
YoY Change 110.6% 107.66% -2.25%
Cash & Equivalents $83.72M $66.90M $18.66M
Short-Term Investments $35.50M $49.60M $38.00M
Other Short-Term Assets $1.900M $2.400M $1.500M
YoY Change 26.67% 20.0% -16.67%
Inventory $31.80M $34.15M $41.22M
Prepaid Expenses
Receivables $28.10M $23.74M $17.96M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $181.0M $176.8M $117.3M
YoY Change 54.29% 45.83% -10.72%
LONG-TERM ASSETS
Property, Plant & Equipment $32.80M $17.44M $18.76M
YoY Change 74.82% -11.81% 7.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $600.0K $453.0K $286.0K
YoY Change 109.79% 131.12% 43.0%
Total Long-Term Assets $37.20M $38.28M $41.16M
YoY Change -9.63% 60.46% 90.57%
TOTAL ASSETS
Total Short-Term Assets $181.0M $176.8M $117.3M
Total Long-Term Assets $37.20M $38.28M $41.16M
Total Assets $218.2M $215.0M $158.5M
YoY Change 37.69% 48.24% 3.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.700M $5.600M $5.483M
YoY Change 22.2% 20.61% 21.84%
Accrued Expenses $12.10M $3.755M $2.766M
YoY Change 337.45% 30.07% -72.88%
Deferred Revenue $551.0K $849.0K
YoY Change -15.1%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $7.603M
YoY Change -94.94% 850.38%
Total Short-Term Liabilities $19.70M $19.50M $24.50M
YoY Change -19.6% -15.32% 49.4%
LONG-TERM LIABILITIES
Long-Term Debt $51.80M $50.88M $15.73M
YoY Change 229.35% 188.53% -23.28%
Other Long-Term Liabilities $18.60M $314.0K $302.0K
YoY Change 6058.94% 3.29% -96.03%
Total Long-Term Liabilities $70.40M $51.19M $16.03M
YoY Change 339.18% 185.39% -42.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.70M $19.50M $24.50M
Total Long-Term Liabilities $70.40M $51.19M $16.03M
Total Liabilities $90.00M $89.81M $62.31M
YoY Change 44.45% 90.33% 40.01%
SHAREHOLDERS EQUITY
Retained Earnings -$262.7M -$246.8M
YoY Change 9.59% 12.72%
Common Stock $387.9M $343.0M
YoY Change 14.9% 4.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $128.2M $125.2M $96.17M
YoY Change
Total Liabilities & Shareholders Equity $218.2M $215.0M $158.5M
YoY Change 37.69% 48.24% 3.55%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income -$4.326M -$7.680M -$7.068M
YoY Change -38.79% 28.21% -51.06%
Depreciation, Depletion And Amortization $1.168M $1.170M $1.155M
YoY Change 1.13% 2.63% 3.13%
Cash From Operating Activities $1.845M $4.500M -$731.0K
YoY Change -352.39% -8.72% -93.66%
INVESTING ACTIVITIES
Capital Expenditures $1.112M -$1.460M $305.0K
YoY Change 264.59% -56.02% -56.3%
Acquisitions
YoY Change
Other Investing Activities $14.18M -$3.430M $720.0K
YoY Change 1869.44% 161.83% -91.99%
Cash From Investing Activities $13.06M -$4.890M $417.0K
YoY Change 3032.61% 5.84% -94.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $250.0K
YoY Change -88.36%
Cash From Financing Activities 1.916M 50.36M 1.445M
YoY Change 32.6% -13710.81% -87.91%
NET CHANGE
Cash From Operating Activities 1.845M 4.500M -731.0K
Cash From Investing Activities 13.06M -4.890M 417.0K
Cash From Financing Activities 1.916M 50.36M 1.445M
Net Change In Cash 16.82M 49.97M 1.131M
YoY Change 1387.53% -83383.33% -87.02%
FREE CASH FLOW
Cash From Operating Activities $1.845M $4.500M -$731.0K
Capital Expenditures $1.112M -$1.460M $305.0K
Free Cash Flow $733.0K $5.960M -$1.036M
YoY Change -170.75% -27.76% -91.53%

Facts In Submission

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Files In Submission

Name View Source Status
0001564590-20-018835-index-headers.html Edgar Link pending
0001564590-20-018835-index.html Edgar Link pending
0001564590-20-018835.txt Edgar Link pending
0001564590-20-018835-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
pi-10q_20200331.htm Edgar Link pending
pi-20200331.xml Edgar Link completed
pi-20200331.xsd Edgar Link pending
pi-20200331_cal.xml Edgar Link unprocessable
pi-20200331_def.xml Edgar Link unprocessable
pi-20200331_lab.xml Edgar Link unprocessable
pi-20200331_pre.xml Edgar Link unprocessable
pi-ex311_6.htm Edgar Link pending
pi-ex312_7.htm Edgar Link pending
pi-ex321_8.htm Edgar Link pending
pi-ex322_9.htm Edgar Link pending
pi-ex991_417.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
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