Impinj Files 8-K on Operations & Financial Condition
Ticker: PI · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1114995
Complexity: simple
Sentiment: neutral
Topics: financial-condition, results-of-operations, corporate-filing
TL;DR
**Impinj just dropped an 8-K about their financials, get ready for more details.**
AI Summary
Impinj, Inc. filed an 8-K on January 16, 2024, to report on its 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'. This filing indicates that Impinj is providing an update on its financial performance, likely ahead of a full earnings report, which is important for investors to understand the company's current health and future prospects. For shareholders, this matters because it offers an early glimpse into the company's financial state, potentially influencing stock price movements based on the disclosed operational results.
Why It Matters
This filing signals that Impinj is updating the market on its financial performance, which can impact investor confidence and stock valuation. It's a heads-up for what's to come regarding their financial health.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of financial information, not indicating any immediate adverse events or significant changes in company structure.
Analyst Insight
A smart investor would monitor Impinj's upcoming announcements for the specific financial results mentioned in this 8-K, as this filing is a precursor to more detailed disclosures that will clarify the company's performance.
Key Players & Entities
- Impinj, Inc. (company) — the registrant filing the 8-K
- January 16, 2024 (date) — date of earliest event reported and filing date
- Delaware (company) — state of incorporation for Impinj, Inc.
- The Nasdaq Global Select Market (company) — exchange where Impinj's Common Stock is registered
Forward-Looking Statements
- Impinj will release more detailed financial results in an upcoming earnings report. (Impinj, Inc.) — high confidence, target: Q1 2024
FAQ
What is the purpose of Impinj, Inc.'s 8-K filing dated January 16, 2024?
The purpose of Impinj, Inc.'s 8-K filing dated January 16, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per Item Information in the filing.
What is Impinj, Inc.'s trading symbol and on which exchange is its common stock registered?
Impinj, Inc.'s trading symbol is 'PI' and its Common Stock, par value $0.001 per share, is registered on The Nasdaq Global Select Market, as stated under 'Securities registered pursuant to Section 12(b) of the Act'.
What is the business address and phone number of Impinj, Inc.?
Impinj, Inc.'s business address is 400 Fairview Avenue North, Suite 1200, Seattle, Washington 98109, and its business phone number is (206) 517-5300, according to the 'BUSINESS ADDRESS' section of the filing.
Is Impinj, Inc. considered an emerging growth company?
No, Impinj, Inc. is not considered an emerging growth company, as indicated by the unchecked box next to 'Emerging growth company' in the filing.
What is the Central Index Key (CIK) for Impinj, Inc.?
The Central Index Key (CIK) for Impinj, Inc. is 0001114995, as listed under 'COMPANY DATA' in the filing.
Filing Stats: 558 words · 2 min read · ~2 pages · Grade level 12.9 · Accepted 2024-01-16 16:18:07
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share PI The Nasdaq Global Sele
Filing Documents
- pi-20240116.htm (8-K) — 48KB
- pi-ex99_1.htm (EX-99.1) — 16KB
- img196891084_0.jpg (GRAPHIC) — 2KB
- 0000950170-24-004628.txt ( ) — 184KB
- pi-20240116.xsd (EX-101.SCH) — 26KB
- pi-20240116_htm.xml (XML) — 5KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 16, 2024, Impinj, Inc. (the “Company”) issued a press release announcing certain preliminary unaudited financial information for the fourth quarter ended December 31, 2023. A copy of the press release, entitled “Impinj Announces Preliminary Fourth-Quarter 2023 Revenue and Adjusted EBITDA Ahead of Participation at 26 th Annual Needham Growth Conference,” is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein. The Company’s actual results for the fourth quarter ended December 31, 2023 are still being finalized; therefore, such preliminary unaudited financial information is subject to further review and actual results could differ materially from management’s expectations. The information in this Current Report on Form 8-K and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Press release dated January 16, 2024 104 Cover Page Interactive Data File (embedded as Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Impinj, Inc. Date: January 16, 2024 By: /s/ Chris Diorio Chris Diorio Chief Executive Officer