Impinj Reports 4Q, Full Year 2021 Financial Results

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.