Penumbra Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
PEN$321.85+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue | $1,058,522 | $847,133 | $747,590 |
| Cost of revenue | 375,879 | 311,926 | 272,208 |
| Gross profit | 682,643 | 535,207 | 475,382 |
| Operating expenses: | |||
| Research and development | 84,423 | 79,407 | 104,552 |
| Sales, general and administrative | 506,454 | 449,718 | 378,331 |
| Acquired in-process research and development | 18,215 | — | — |
| Total operating expenses | 609,092 | 529,125 | 482,883 |
| Income (loss) from operations | 73,551 | 6,082 | (7,501) |
| Interest and other income (expense), net | 6,099 | (2,190) | (3,001) |
| Income (loss) before income taxes | 79,650 | 3,892 | (10,502) |
| (Benefit from) provision for income taxes | (11,304) | 5,894 | (13,125) |
| Consolidated net income (loss) | $90,954 | $(2,002) | $2,623 |
| Net loss attributable to non-controlling interest | — | — | (2,661) |
| Net income (loss) attributable to Penumbra, Inc. | $90,954 | $(2,002) | $5,284 |
| Net income (loss) attributable to Penumbra, Inc. per share: | |||
| Basic | $2.37 | $(0.05) | $0.14 |
| Diluted | $2.32 | $(0.05) | $0.14 |
| Weighted average shares outstanding: | |||
| Basic | 38,401,171 | 37,841,874 | 36,764,290 |
| Diluted | 39,216,564 | 37,841,874 | 37,881,180 |
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