Penumbra Inc
For the period ended Jun 30, 2024. Filed Jul 30, 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.
Jun 30, 2024 · Filed Jul 30, 2024
PEN$321.46-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $299,403 | $261,499 | $578,058 | $502,897 |
| Cost of revenue | 136,574 | 94,638 | 234,090 | 184,964 |
| Gross profit | 162,829 | 166,861 | 343,968 | 317,933 |
| Operating expenses: | ||||
| Research and development | 24,942 | 21,537 | 49,568 | 41,523 |
| Sales, general and administrative | 141,903 | 127,435 | 286,315 | 250,513 |
| Impairment charge | 76,945 | — | 76,945 | — |
| Total operating expenses | 243,790 | 148,972 | 412,828 | 292,036 |
| (Loss) income from operations | (80,961) | 17,889 | (68,860) | 25,897 |
| Interest and other income, net | 3,087 | 1,647 | 5,612 | 2,291 |
| (Loss) income before income taxes | (77,874) | 19,536 | (63,248) | 28,188 |
| (Benefit from) provision for income taxes | (17,674) | 576 | (14,050) | 666 |
| Net (loss) income | $(60,200) | $18,960 | $(49,198) | $27,522 |
| Net (loss) income per share: | ||||
| Basic | $(1.55) | $0.49 | $(1.27) | $0.72 |
| Diluted | $(1.55) | $0.48 | $(1.27) | $0.70 |
| Weighted average shares outstanding: | ||||
| Basic | 38,793,341 | 38,320,999 | 38,755,337 | 38,254,042 |
| Diluted | 38,793,341 | 39,201,155 | 38,755,337 | 39,151,412 |
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