• Impinj average operating margin for 2023 was -8.03%, a 41.73% decline from 2022.
• Impinj average operating margin for 2022 was -13.78%, a 50.38% decline from 2021.
• Impinj average operating margin for 2021 was -27.77%, a 22.66% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.