NYSE$PEN
Penumbra Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Penumbra's revenue increased by 18.4% and reported a net income for Q1 2023.
Penumbra, Inc. reported financial results for the first quarter ended March 31, 2023, with total revenue increasing to $241.4 million, an 18.4% increase compared to the first quarter of 2022. The company reported a net income of $8.6 million, a significant improvement from the $0.1 million net income in the same period last year.
- Total revenue increased by 18.4% to $241.4 million compared to Q1 2022.
- Vascular product revenue grew by 16.3% to $142.8 million.
- Neuro product revenue grew by 21.5% to $98.5 million.
- Income from operations was $8.0 million, compared to a loss from operations of $4.0 million in Q1 2022.
Headline financials
Revenue & EPS history
Penumbra · Revenue · Quarterly
$241M
Revenue by segment
Penumbra · $271M total across 2 segments · Q3 2023
- Thrombectomy$179M—66.1%
- Embolization and Access$91.9M—33.9%
Forward guidance
The Company is increasing its guidance for 2023 total revenue to be in the range of $1.04 billion to $1.06 billion, which represents 23% to 25% growth over 2022 revenue of $847.1 million.
Tailwinds
- Increased guidance for 2023 total revenue.
- Revenue expected to be in the range of $1.04 billion to $1.06 billion.
- Represents 23% to 25% growth over 2022 revenue.
- Vascular business growth expected to be slightly above the total revenue growth range.
- Neuro business growth expected to be below the total revenue growth range.
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 2023
+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
| Quarter | Report date | Reaction (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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