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Jun 30, 2020
Penumbra Q2 2020 Earnings Report
Reported a decrease in revenue due to the impact of the COVID-19 pandemic.
Key Takeaways
Penumbra, Inc. reported a decrease in revenue of 21.7% compared to the second quarter of 2019. The company experienced an operating loss of $17.6 million, compared to an operating income of $12.8 million for the second quarter of 2019.
Revenue of $105.1 million, a decrease of 21.7% compared to Q2 2019.
US revenue of $78.0 million, slightly less than 10% below the same period a year ago.
Gross profit was $64.9 million, or 61.8% of total revenue.
Operating loss was $17.6 million, compared to an operating income of $12.8 million for the second quarter of 2019.
Revenue by Geographic Location
Forward Guidance
The Company’s business trends continue to be impacted by the global COVID-19 pandemic. Due to the uncertain scope and duration of the pandemic, and uncertain timing of global recovery and economic normalization, we still cannot reliably estimate the future impact on our operations and financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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