Impinj Inc (PI)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -43,366 | -24,301 | -51,260 | -51,923 | -22,987 |
| Revenue | US$ in thousands | 302,856 | 254,853 | 189,633 | 135,412 | 152,262 |
| Net profit margin | -14.32% | -9.54% | -27.03% | -38.34% | -15.10% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-43,366K ÷ $302,856K
= -14.32%
The net profit margin of Impinj Inc has shown varying levels of performance over the past five years.
- In 2023, the net profit margin was -14.32%, representing a negative profit margin, indicating that the company had a loss of 14.32 cents for every dollar of revenue generated.
- In 2022, the net profit margin improved slightly to -9.54%, but still reflected a negative profitability trend.
- In 2021, the net profit margin was at its lowest point in the five-year period, at -27.03%, suggesting a significant loss relative to revenue.
- In 2022, the company's profitability deteriorated further, with a net profit margin of -38.34%, indicating substantial losses in relation to revenue.
- In 2019, the net profit margin was -15.10%, indicating a negative profitability trend, although less severe than in subsequent years.
Overall, Impinj Inc has struggled to achieve positive profitability, as evidenced by the consistently negative net profit margins across the five-year period. This trend suggests that the company may face challenges in effectively managing costs and expenses relative to its revenue generation.
Peer comparison
Dec 31, 2023