• Impinj average pre-tax profit margin for 2023 was -8.37%, a 58.38% decline from 2022.
• Impinj average pre-tax profit margin for 2022 was -20.11%, a 36.3% decline from 2021.
• Impinj average pre-tax profit margin for 2021 was -31.57%, a 26.18% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.