NYSE$PEN

Penumbra Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a 14.9% increase in revenue compared to Q4 2019, with US revenue up by 21.6%.

Penumbra, Inc. reported its Q4 and Full Year 2020 financial results, with Q4 revenue reaching $166.9 million, a 14.9% increase compared to Q4 2019. The company's US revenue for Q4 2020 was $116.8 million, 21.6% above the same period a year ago. Gross profit for the quarter was $94.3 million, or 56.5% of total revenue.

  • Total revenue for Q4 2020 was $166.9 million, a 14.9% increase compared to Q4 2019.
  • Excluding the impact of the voluntary recall, revenue for Q4 2020 was $172.7 million, an 18.9% increase compared to Q4 2019.
  • US revenue for Q4 2020 was $116.8 million, 21.6% above the same period a year ago.
  • Gross profit for Q4 2020 was $94.3 million, or 56.5% of total revenue.

Headline financials

Total Revenue

$167M

Previous: $145M+14.9%
EPS (adj)

$0.42

Previous: $0.22+90.9%
Gross Margin

56.5%

Previous: 67.6%-16.4%
Capital Expenditures

$3.75M

Previous: $7.98M-53.0%
Free Cash Flow

-$5.84M

Previous: -$3.22M-81.4%
Net Income

$2.63M

Previous: $9.69M-72.8%
Operating Income

-$1.75M

Previous: $10.6M-116.5%
Gross Profit

$94.3M

Previous: $98.1M-3.9%
Cash & Equivalents

$69.7M

Previous: $72.8M-4.3%
Total Assets

$823M

Previous: $666M+23.6%
Stock-Based Comp

$8.06M

Previous: $5.01M+60.7%

Revenue & EPS history

Penumbra · Revenue · Quarterly

$167M

Q4 2020+14.9%vs Q4 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

Penumbra projects total revenue for 2021 to be in the range of $675 million to $685 million, which represents growth of 20% to 22% over 2020 revenue of $560.4 million.

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 Q4 2020

Historical avgQ4 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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