Impinj Inc (PI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -43,484 | -19,479 | -37,249 | -47,071 | -21,661 |
| Revenue | US$ in thousands | 302,856 | 254,853 | 189,633 | 135,412 | 152,262 |
| Operating profit margin | -14.36% | -7.64% | -19.64% | -34.76% | -14.23% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-43,484K ÷ $302,856K
= -14.36%
Impinj Inc's operating profit margin has shown fluctuating trends over the past five years. In 2023, the operating profit margin was at -14.36%, which is an improvement from the previous year's -7.64%. However, the company still experienced operating losses. The margin was significantly lower in 2020 and 2019 at -34.76% and -14.23% respectively.
Overall, the operating profit margin has been negative in recent years, indicating that the company's operating expenses exceed its gross profit. Impinj Inc may need to focus on cost-cutting measures and improving operational efficiency to increase its operating profit margin and achieve profitability.
Peer comparison
Dec 31, 2023