Impinj Inc (PI)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -43,688 | -24,117 | -51,107 | -51,834 | -22,789 |
| Revenue | US$ in thousands | 302,856 | 254,853 | 189,633 | 135,412 | 152,262 |
| Pretax margin | -14.43% | -9.46% | -26.95% | -38.28% | -14.97% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $-43,688K ÷ $302,856K
= -14.43%
The pretax margin of Impinj Inc has shown fluctuations over the past five years. In 2023, the pretax margin improved to -14.43% from -9.46% in 2022, indicating some progress in profitability before taxes. However, it still remains negative.
In previous years, the pretax margin was significantly lower, reaching as low as -38.28% in 2020 and -26.95% in 2021. This suggests that the company was facing challenges in generating profits before accounting for taxes during those periods.
Overall, while there has been some improvement in the pretax margin in 2023 compared to previous years, it is important for Impinj Inc to continue focusing on enhancing operational efficiency and revenue generation to achieve positive pretax margins in the future.
Peer comparison
Dec 31, 2023