NYSE$PEN

Penumbra Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Reported a revenue increase of 6.9% driven by vascular products, but neuro products declined slightly.

Penumbra, Inc. reported a 6.9% increase in revenue for the first quarter of 2020, reaching $137.3 million. The growth was primarily driven by vascular products, while neuro products experienced a slight decline. Operating income decreased compared to the previous year.

  • Total revenue grew to $137.3 million, a 6.9% increase over Q1 2019.
  • Vascular product revenue increased by 26.2%.
  • Neuro product revenue declined by 4.2%.
  • Operating income decreased to $0.6 million, compared to $11.2 million in Q1 2019.

Headline financials

Total Revenue

$137M

Previous: $128M+6.9%
EPS (adj)

$0.04

Previous: $0.23-83.0%
Gross Margin

64.1%

Previous: 65.3%-1.8%
Capital Expenditures

-$10.1M

Previous: -$2.46M-311.3%
Free Cash Flow

-$8.71M

Previous: $8.24M-205.7%
Net Income

$1.43M

Previous: $10.7M-86.7%
Operating Income

$610K

Previous: $11.2M-94.5%
Gross Profit

$88M

Previous: $83.9M+4.9%
Cash & Equivalents

$72.5M

Previous: $67.9M+6.8%
Total Assets

$664M

Previous: $558M+19.1%
Stock-Based Comp

$5.69M

Previous: $5.1M+11.7%

Revenue & EPS history

Penumbra · Revenue · Quarterly

$137M

Q1 2020+6.9%vs Q1 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Penumbra · $271M total across 2 segments · Q3 2023

  • Thrombectomy
    $179M
  • Embolization and Access
    $91.9M

Forward guidance

Due to the uncertain scope and duration of the pandemic, and uncertain timing of global recovery and economic normalization, Penumbra cannot, at this time, reliably estimate the future impact on our operations and financial results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+2.0%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+1.9%

Avg return

30 days after

57%

28 / 49 earnings

Positive

+23.4%

Q4 2014

Best reaction

-15.8%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-0.7%-1.1%
Q4 2025+0.9%+0.4%-1.1%
Q3 2025+17.1%+24.0%+33.3%
Q1 2025+7.0%+6.5%-3.7%
Q4 2024+12.0%+6.1%+3.4%
Q3 2024+9.2%+9.5%+16.5%
Q2 2024-6.3%-1.6%+13.5%
Q1 2024-4.0%+0.3%-7.2%
Q4 2023-7.7%-10.1%-13.0%
Q3 2023+2.0%+1.3%+17.4%
Q2 2023-11.2%-16.8%-12.8%
Q1 2023+5.5%+8.6%+10.1%
Q4 2022+2.3%-0.5%+5.1%
Q3 2022+3.0%+12.0%+34.0%
Q2 2022+13.7%+8.7%+12.5%
Q1 2022-3.6%-15.3%-17.6%
Q4 2021-3.4%+5.6%-2.6%
Q3 2021+3.0%-1.8%-14.8%
Q2 2021-2.1%-2.4%+3.0%
Q1 2021-8.3%-8.9%-13.9%
Q4 2020+3.2%+1.6%-3.4%
Q3 2020+10.6%+3.9%-5.1%
Q2 2020+2.5%+5.5%-3.5%
Q1 2020+1.4%+2.4%+1.4%
Q4 2019-6.8%-10.0%-13.7%
Q3 2019-0.8%+0.6%+1.0%
Q2 2019-6.9%-6.5%-15.1%
Q1 2019+3.0%-0.2%+17.8%
Q4 2018-11.2%-5.7%-1.1%
Q3 2018+7.2%+9.0%+1.1%
Q2 2018-15.8%-16.0%-3.8%
Q1 2018+9.5%+10.2%+15.7%
Q4 2017+3.9%+8.4%+11.0%
Q3 2017+9.3%+2.3%-3.3%
Q2 2017+5.8%+4.1%+4.4%
Q1 2017+4.3%-2.3%+1.0%
Q4 2016+3.8%+5.2%+7.8%
Q3 2016-2.5%+2.4%-4.2%
Q2 2016+10.9%+10.8%+6.6%
Q1 2016-1.7%
Q1 2015-1.7%
Q2 2014-6.3%
Q4 2015-6.3%
Q4 2013-6.3%
Q2 2015-6.3%
Q1 2014-6.3%
Q3 2014+23.4%
Q3 2015+23.4%
Q4 2014+23.4%

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