---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-012779"
form_type: "8-K"
ticker: "PI"
cik: "0001114995"
company_name: "IMPINJ INC"
filed_at: "2024-02-08T23:59:59+00:00"
generated_at: "2026-06-06T05:18:59.787762+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Impinj Q4 revenue $70.7M, GAAP loss $0.56 EPS; cuts 10% staff

## Summary
- Q4 revenue $70.7M; full year $307.5M (first above $300M).
- GAAP net loss $15.2M ($0.56 loss per diluted share); non-GAAP EPS $0.09.
- Adjusted EBITDA $3.0M in Q4; full year $21.8M.
- Restructuring cuts ~10% of employees; expects $1.7M–$2.0M severance charges in Q1/Q2 2024.

## SEC filing metadata
- accession: 0000950170-24-012779
- form_type: 8-K
- ticker: PI
- cik: 0001114995
- company_name: IMPINJ INC
- filed_at: 2024-02-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1114995/000095017024012779/0000950170-24-012779-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1114995/000095017024012779/pi-20240208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-012779
- JSON: https://secwatch.observer/filing/0000950170-24-012779.json
- Plain text: https://secwatch.observer/filing/0000950170-24-012779.txt

## Key facts
- Earnings Releases
  IMPINJ INC reported the fourth quarter and year ended December 31, 2023 results: revenue $70.7 million, net income GAAP net loss of $15.2 million, EPS loss of $0.56 per diluted share.
  - Period: the fourth quarter and year ended December 31, 2023
  - Revenue: $70.7 million
  - Net income: GAAP net loss of $15.2 million
  - EPS: loss of $0.56 per diluted share
  - Result: reported results
  source text: every item in our everyday world, we remain confident in our market position and energized by the opportunities ahead.” Fourth Quarter 2023 Financial Summary • Revenue of $70.7 million • GAAP gross margin of 47.9%; non-GAAP gross margin of 50.9% • GAAP net loss of $15.2 million, or loss of $0.56 per diluted share using 27.1 million shares • Adjusted EBITDA of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114995/000095017024012779/0000950170-24-012779-index.htm
- Restructurings & Charges
  IMPINJ INC announced a restructuring with charges of in the range of $1.7 million to $2.0 million (approximately 10% of the Company’s employees).
  - Type: restructuring
  - Charge: in the range of $1.7 million to $2.0 million
  - Headcount: approximately 10% of the Company’s employees
  source text: financial, business and R&D objectives for long-term growth. The Company expects the reduction-in-force charges, comprising primarily severance benefits, to be in the range of $1.7 million to $2.0 million. The Company expects most of these charges to be recognized in the Company’s first and second fiscal quarters of 2024. This Item 2.05 contains forward-looking
  evidence_url: https://www.sec.gov/Archives/edgar/data/1114995/000095017024012779/0000950170-24-012779-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.