| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenue | ||||||
547,405 | 444,938 | 333,764 | 263,317 | 186,095 | 125,510 | 88,848 |
Cost of revenue | ||||||
175,441 | 152,405 | 116,622 | 92,488 | 62,037 | 42,668 | 30,972 |
Gross profit | ||||||
371,964 | 292,533 | 217,142 | 170,829 | 124,058 | 82,842 | 57,876 |
Operating expenses: | ||||||
Research and development | ||||||
51,723 | 36,165 | 31,661 | 23,875 | 18,027 | 15,575 | 14,084 |
Sales, general and administrative | ||||||
272,733 | 226,385 | 184,316 | 148,304 | 101,852 | 64,258 | 44,918 |
Acquired in-process research and development | ||||||
0 | 30,835 | 0 | 0 | - | - | - |
Total operating expenses | ||||||
324,456 | 293,385 | 215,977 | 172,179 | 119,879 | 79,833 | 59,002 |
Income from operations | ||||||
47,508 | -852 | 1,165 | -1,350 | 4,179 | 3,009 | -1,126 |
Interest income, net | ||||||
2,854 | 2,964 | 2,653 | 2,323 | 541 | 439 | 345 |
Other (expense) income, net | ||||||
-227 | -504 | -1,342 | -1,842 | -696 | -309 | -474 |
(Loss) income before income taxes | ||||||
50,135 | 1,608 | 2,476 | -869 | 4,024 | 3,139 | -1,255 |
(Benefit from) provision for income taxes | ||||||
3,131 | -4,403 | -3,611 | -15,683 | 1,659 | 894 | -5,354 |
Income before equity in losses of unconsolidated investee | ||||||
47,004 | 6,011 | 6,087 | 14,814 | 2,365 | - | - |
Equity in losses of unconsolidated investee | ||||||
0 | -3,101 | -1,430 | 0 | 0 | - | - |
Consolidated net income | ||||||
47,004 | 2,910 | 4,657 | 14,814 | - | - | - |
Net loss attributable to non-controlling interest | ||||||
-1,454 | -3,691 | 0 | 0 | - | - | - |
Net income attributable to Penumbra, Inc. | ||||||
48,458 | 6,601 | 4,657 | 14,814 | 2,365 | 2,245 | 4,099 |
Net income attributable to Penumbra, Inc. per share: | ||||||
Foreign currency translation adjustments, net of tax | ||||||
- | - | - | - | -1,308 | -1,423 | -522 |
Net change in unrealized (losses) gains on available-for-sale securities, net of tax | ||||||
- | - | - | - | 57 | -237 | -84 |
Total other comprehensive loss, net of tax | ||||||
- | - | - | - | -1,251 | - | - |
Comprehensive income (loss) | ||||||
- | - | - | - | 1,114 | 585 | 3,493 |
Net income (loss) | ||||||
- | - | - | - | 1,084 | -833 | 887 |
Basic (in dollars per share) | ||||||
1.39 | 0.19 | 0.14 | 0.49 | 0.09 | -0.18 | 0.21 |
Diluted (in dollars per share) | ||||||
1.34 | 0.18 | 0.13 | 0.44 | 0.08 | -0.18 | 0.14 |
Weighted average shares outstanding: | ||||||
Basic (in shares) | ||||||
34,750 | 34,138 | 32,978 | 30,464 | 11,993 | 4,609 | 4,304 |
Diluted (in shares) | ||||||
36,265 | 36,086 | 35,319 | 33,478 | 14,219 | 4,609 | 6,500 |