Schedule of Quarterly Financial Information |
The following tables provide the selected quarterly financial data for 2022 and 2021 (in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2022 Quarters Ended | Selected Statement of Operations Data: | | March 31(1) | | June 30 | | September 30 | | December 31 | Revenue | | $ | 203,895 | | | $ | 208,344 | | | $ | 213,678 | | | $ | 221,216 | | Cost of revenue | | 76,477 | | | 74,309 | | | 78,351 | | | 82,789 | | Gross profit | | 127,418 | | | 134,035 | | | 135,327 | | | 138,427 | | | | | | | | | | | Total operating expenses | | 131,464 | | | 134,174 | | | 129,893 | | | 133,594 | | Loss before (benefit from) for income taxes | | (5,104) | | | (1,167) | | | 3,035 | | | 7,128 | | Provision for (benefit from) income taxes | | (5,183) | | | 2,520 | | | 5,306 | | | 3,251 | | | | | | | | | | | | | | | | | | | | Consolidated net income (loss) | | 79 | | | (3,687) | | | (2,271) | | | 3,877 | | Net loss attributable to non-controlling interest | | — | | | — | | | — | | | — | | Net income (loss) attributable to Penumbra, Inc. | | $ | 79 | | | $ | (3,687) | | | $ | (2,271) | | | $ | 3,877 | | Net income (loss) attributable to Penumbra, Inc. per share: | | | | | | | | | Basic | | $ | — | | | $ | (0.10) | | | $ | (0.06) | | | $ | 0.10 | | Diluted | | $ | — | | | $ | (0.10) | | | $ | (0.06) | | | $ | 0.10 | | Weighted average shares used to compute net income (loss) per share: | | | | | | | | | Basic | | 37,646,122 | | | 37,767,519 | | | 37,918,452 | | | 38,030,344 | | Diluted | | 38,708,657 | | | 37,767,519 | | | 37,918,452 | | | 38,896,940 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2021 Quarters Ended | Selected Statement of Operations Data: | | March 31 | | June 30 | | September 30 | | December 31 | Revenue | | $ | 169,204 | | | $ | 184,258 | | | $ | 190,117 | | | $ | 204,011 | | Cost of revenue | | 57,867 | | | 65,572 | | | 70,205 | | | 78,564 | | Gross profit | | 111,337 | | | 118,686 | | | 119,912 | | | 125,447 | | | | | | | | | | | Total operating expenses | | 97,874 | | | 108,374 | | | 111,131 | | | 165,504 | | Income before provision for (benefit from) income taxes | | 12,467 | | | 10,203 | | | 7,782 | | | (40,954) | | (Benefit from) income taxes | | 1,541 | | | 1,904 | | | (249) | | | (16,321) | | | | | | | | | | | | | | | | | | | | Consolidated net income | | 10,926 | | | 8,299 | | | 8,031 | | | (24,633) | | Net loss attributable to non-controlling interest | | (910) | | | (932) | | | (819) | | | — | | Net income attributable to Penumbra, Inc. | | $ | 11,836 | | | $ | 9,231 | | | $ | 8,850 | | | $ | (24,633) | | Net income per share: | | | | | | | | | Basic | | $ | 0.32 | | | $ | 0.25 | | | $ | 0.24 | | | $ | (0.66) | | Diluted | | $ | 0.32 | | | $ | 0.25 | | | $ | 0.24 | | | $ | (0.66) | | Weighted average shares used to compute net income (loss) per share: | | | | | | | | | Basic | | 36,455,712 | | | 36,523,011 | | | 36,617,961 | | | 37,451,145 | | Diluted | | 37,533,520 | | | 37,582,348 | | | 37,611,355 | | | 37,451,145 | |
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