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Dec 31, 2021
Penumbra Q4 2021 Earnings Report
Reported financial results for the fourth quarter and full year ended December 31, 2021.
Key Takeaways
Penumbra, Inc. reported a revenue of $204.0 million for the fourth quarter of 2021, representing a 22.2% increase compared to the fourth quarter of 2020. The company's gross profit for the quarter was $125.4 million, or 61.5% of total revenue.
Total revenue increased to $204.0 million for the fourth quarter of 2021, up 22.2% compared to Q4 2020.
US revenue for Q4 2021 was $144.5 million, a 23.7% increase year-over-year.
Revenue from vascular products grew to $113.6 million, a 30.4% increase, while neuro products grew to $90.4 million, a 13.3% increase.
Gross profit for Q4 2021 was $125.4 million, or 61.5% of total revenue, impacted by higher labor and logistics costs.
Revenue by Geographic Location
Forward Guidance
Penumbra projects total revenue for 2022 to be in the range of $860 million to $875 million, which represents growth of 15% to 17% over 2021 revenue of $747.6 million.
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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