earnings
confidence high
sentiment positive
materiality 0.75
Penumbra Q3 revenue $190.1M (+26%), swings to operating profit; raises FY guidance
Penumbra Inc
2021-Q3 EPS reported
$0.80
revenue$543,579,000
- Revenue $190.1M, +25.8% YoY (+25.6% constant currency); US 71%, international 29%.
- Vascular segment $105.5M (+40.3%); Neuro segment $84.7M (+11.5%).
- Gross margin 63.1% vs 60.2%; operating income $8.8M vs loss of $20.2M a year ago.
- Full-year 2021 revenue guidance raised to $735M-$740M from prior $720M-$730M.
- R&D expense fell to $16.7M from $34.9M; SG&A rose to $94.4M from $76.2M.