Welcome to our dedicated page for Penumbra news (Ticker: PEN), a resource for investors and traders seeking the latest updates and insights on Penumbra stock.
Penumbra, Inc. develops thrombectomy technologies for medical conditions involving blood clots, including ischemic stroke, venous thromboembolism such as pulmonary embolism, and acute limb ischemia. Its product portfolio includes computer assisted vacuum thrombectomy and devices such as the Indigo System, Penumbra System Reperfusion Catheter, ACE Reperfusion Catheters, LANTERN Delivery Microcatheter, Penumbra Smart Coil, and Artemis Neuro Evacuation Device.
Recurring company news covers financial results, capital-structure updates, investor conference presentations, and clinical evidence for CAVT in pulmonary embolism and other vascular applications. Updates also include material agreements, shareholder voting matters, governance disclosures, and regulatory or clinical developments tied to Penumbra's thrombectomy and neurovascular products.
Penumbra, Inc. (NYSE: PEN) announces FDA 510(k) clearance and commercial availability of the RED™ 62 Reperfusion Catheter, enhancing treatment capabilities for acute ischemic stroke patients. Designed for complex distal vessel anatomy, RED 62 provides powerful aspiration to effectively remove blood clots. Medical professionals praised its responsiveness and effectiveness. This launch expands the Penumbra System® portfolio and aims to reduce healthcare costs while improving patient outcomes.
Penumbra, Inc. (NYSE: PEN) will present at the William Blair 41st Annual Growth Stock Virtual Conference on June 1, 2021, at 4:20 PM ET. The presentation can be accessed via the investor section of their website, with a recorded webcast available for two weeks post-event.
Based in Alameda, California, Penumbra specializes in innovative healthcare therapies and markets its products across the U.S., Europe, Canada, and Australia, targeting unmet medical needs.
Penumbra, Inc. (NYSE: PEN) reported a 23.2% increase in revenue for Q1 2021, totaling $169.2 million compared to $137.3 million in Q1 2020. Revenue from vascular products surged 50.5%, reaching $89.2 million, while neuro products saw a modest 2.5% growth to $80 million. Gross profit improved to 65.8% of total revenue. Operating expenses rose to $97.9 million, but the operating income increased significantly to $13.5 million. The company boosted its full-year revenue guidance to $695 million to $705 million, indicating a growth of 24% to 26%.
Penumbra, Inc. (NYSE: PEN) announced its management will present at the BofA Securities 2021 Virtual Health Care Conference on May 11, 2021, at 11:45 am ET. A webcast of this presentation will be available on the company’s website for at least two weeks post-event. As a global healthcare company, Penumbra focuses on innovating therapies and has a broad portfolio addressing significant medical conditions. Interested parties can access the webcast via www.penumbrainc.com.
Penumbra, Inc. (NYSE: PEN) has announced a conference call to discuss its financial results for Q1 2021, scheduled for May 4, 2021, at 4:30 PM ET. The results will be released after market close on the same day. Investors can join the call by dialing (833) 350-1434 or accessing the webcast on the company’s website. Further information about Penumbra, a global healthcare company focused on innovative therapies, can be found on its website.
Penumbra, Inc. (NYSE: PEN) has launched the Indigo® System Lightning™ 7, enhancing its Indigo Aspiration System for arterial thrombus removal. This new device combines the CAT™7 Aspiration Catheter with Lightning Intelligent Aspiration technology, enabling effective single-session clot extraction. Key features include optimized thrombus detection and reduced blood loss. CEO Adam Elsesser emphasized the technology's potential to improve patient outcomes and reduce ICU demands. The Indigo System is indicated for treating fresh emboli and thrombi in peripheral vessels and pulmonary embolism.
Penumbra, Inc. (NYSE: PEN) reported its fourth quarter and full-year financial results for 2020, revealing a 14.9% increase in quarterly revenue to $166.9 million and a full-year revenue of $560.4 million, up 2.4% year-over-year. Excluding a voluntary recall, quarterly revenue was $172.7 million, an 18.9% rise. However, a 6.6% decline in neuro product sales was noted. Operating loss for the fourth quarter stood at $1.7 million, but excluding one-time impacts, non-GAAP operating income was $16.6 million. For 2021, Penumbra projects revenue growth of 20% to 22%.
Penumbra, Inc. (NYSE: PEN) announced its management team will present at Citi's 2021 Healthcare Services, Medtech, Tools, & HCIT Virtual Conference on February 24, 2021, at 3:20 PM ET. The event aims to showcase innovative therapies and products developed by Penumbra.
A webcast of the presentation will be accessible on their website for at least two weeks post-event. Penumbra, headquartered in Alameda, California, specializes in innovative medical solutions, catering to significant unmet healthcare needs.
Penumbra, Inc. (NYSE: PEN) announced a conference call to discuss its fourth quarter and full year 2020 financial results scheduled for February 23, 2021 at 4:30 PM ET. A press release will be issued after market close that day detailing the financial metrics. The call can be accessed via phone or live webcast on the company's website. Penumbra focuses on innovative therapies, selling products to hospitals and healthcare providers in various regions, including the U.S. and Europe.
Penumbra, Inc. (NYSE: PEN) released preliminary revenue results for Q4 and FY 2020, highlighting a projected fourth quarter revenue of $162.5 to $167.9 million, reflecting a 12% to 16% increase year-over-year. Excluding a voluntary recall impact, non-GAAP revenue for Q4 is estimated at $172.5 to $172.9 million, a 19% growth. Full-year revenue is expected between $556.0 and $561.4 million, up 2% to 3% from 2019. Vascular product sales are projected to grow significantly, while neuro product sales are estimated to decline by 11% to 13% for the year.