earnings
confidence high
sentiment negative
materiality 0.75
Penumbra Q2 revenue $208.3M (+13.1% YoY); GAAP operating loss vs prior-year income
Penumbra Inc
2022-Q2 EPS reported
-$0.10
revenue$412,239,000
- Revenue $208.3M, up 13.1% (15.3% constant currency); vascular $123.5M (+22.7%), neuro $84.8M (+1.5%).
- GAAP operating loss of $0.1M vs income $10.3M in Q2 2021; non-GAAP operating income $1.6M (excl. Sixense amort.).
- Gross margin 64.3% vs 64.4% prior; SG&A expenses rose to $114.6M from $90.6M.
- FY2022 revenue guidance maintained at $860M-$875M; expects lower end due to FX; constant currency growth 15-17%.