secwatch.observer — SEC 8-K summary
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Issuer:     Penumbra Inc (PEN)
CIK:        0001321732
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001321732-22-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Penumbra Q1 2022: Revenue up 20.5% to $203.9M; operating loss of $4.0M vs income of $13.5M
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- Revenue $203.9M, up 20.5% YoY (21.8% constant currency).
- Vascular sales $122.8M (+37.7%); neuro $81.1M (+1.3%).
- Gross margin 62.5% vs 65.8% Q1 2021, impacted by labor/logistics costs.
- Operating loss $4.0M vs operating income $13.5M in Q1 2021.
- SG&A expense $110.9M, up from $79.8M, driving swing to loss.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321732/000132173222000051/0001321732-22-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321732/000132173222000051/pen-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001321732-22-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer