Penumbra Inc
For the period ended Dec 31, 2024. Filed Feb 18, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 18, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue | $1,194,615 | $1,058,522 | $847,133 |
| Cost of revenue | 439,620 | 375,879 | 311,926 |
| Gross profit | 754,995 | 682,643 | 535,207 |
| Operating expenses: | |||
| Research and development | 94,783 | 84,423 | 79,407 |
| Sales, general and administrative | 573,988 | 506,454 | 449,718 |
| Acquired in-process research and development | — | 18,215 | — |
| Impairment charge | 76,945 | — | — |
| Total operating expenses | 745,716 | 609,092 | 529,125 |
| Income from operations | 9,279 | 73,551 | 6,082 |
| Interest and other income (expense), net | 11,590 | 6,099 | (2,190) |
| Income before income taxes | 20,869 | 79,650 | 3,892 |
| Provision for (benefit from) income taxes | 6,857 | (11,304) | 5,894 |
| Net income (loss) | $14,012 | $90,954 | $(2,002) |
| Net income (loss) per share: | |||
| Basic | $0.36 | $2.37 | $(0.05) |
| Diluted | $0.36 | $2.32 | $(0.05) |
| Weighted average shares outstanding: | |||
| Basic | 38,633,744 | 38,401,171 | 37,841,874 |
| Diluted | 39,268,037 | 39,216,564 | 37,841,874 |
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