• SEC Filings

As Impinj, Inc. (the “Company”) previously disclosed in its prospectus filed to Rule 424(b) under the Securities Act of 1933 on July 21, 2016, in the course of preparing its annual 2015 consolidated financial statements, the Company identified a material error related to the presentation of lease incentives in its consolidated cash flow statement for the nine months ended September 30, 2015. Correcting this error resulted in an increase in cash from operating activities, from a use of $3.8 million to cash provided of $500,000, and an associated increase in cash used in investing activities, from a use of $2.6 million to $7.0 million. The Company determined to correct the error in its future filings that contained the unaudited interim consolidated financial statements for the nine months ended September 30, 2015; however, it inadvertently did not reflect this correction in the statement of cash flows included in its quarterly report on Form 10-Q filed with the SEC on November 7, 2016 (the “Third Quarter 10-Q”). Management concluded on November 11, 2016, after discussion with the Company’s independent registered public accounting firm, PricewaterhouseCoopers LLP, that the financial statements included in the Third Quarter 10-Q as originally filed with the SEC should no longer be relied upon and that an amendment should be filed to correct the error. The audit committee of the Company’s board of directors concurs with management’s determination. Concurrent with this Form 8-K, the Company has filed an amendment to correct the error. Other than the correction in the consolidated cash flow statement and associated discussion in Management’s Discussion and Analysis for Financial Condition and Results of Operations–Cash Flows and Item 4 Controls and Procedures, there are no other amendments to the previously filed Third Quarter 10-Q.

About Impinj, Inc. (PI)