INSULET CORP
For the period ended Mar 31, 2024. Filed May 10, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 10, 2024
PODD$148.06-1.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Unaudited) for the
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
| Three Months Ended March 31, | ||
|---|---|---|
| (in millions, except share and per share data) | 2024 | 2023 |
| Revenue | $329.9 | $261.3 |
| Revenue from related party | 111.8 | 96.8 |
| Total revenue | 441.7 | 358.1 |
| Cost of revenue | 134.9 | 117.6 |
| Gross profit | 306.8 | 240.5 |
| Research and development expenses | 50.2 | 50.1 |
| Selling, general and administrative expenses | 199.7 | 162.7 |
| Operating income | 56.9 | 27.7 |
| Interest expense, net | (10.7) | (9.4) |
| Interest income | 9.4 | 6.5 |
| Other expense, net | (0.7) | (0.2) |
| Income before income taxes | 54.9 | 24.6 |
| Income tax expense | (3.4) | (0.8) |
| Net income | $51.5 | $23.8 |
| Earnings per share: | ||
| Basic | $0.74 | $0.34 |
| Diluted | $0.73 | $0.34 |
| Weighted-average number of common shares outstanding (in thousands): | ||
| Basic | 69,957 | 69,583 |
| Diluted | 73,741 | 70,096 |
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