• Impinj average gross margin for 2023 was 51.24%, a 4.6% increase from 2022.
• Impinj average gross margin for 2022 was 53.71%, a 7.46% decline from 2021.
• Impinj average gross margin for 2021 was 49.98%, a 6.52% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.