Penumbra Inc Q1 2022 Earnings Call Summary - Thomson StreetEvents

Penumbra Inc Q1 2022 Earnings Call Summary

Penumbra Inc Q1 2022 Earnings Call Summary - Thomson StreetEvents
Penumbra Inc Q1 2022 Earnings Call Summary
Published May 03, 2022
19 pages (11022 words) — Published May 03, 2022
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About This Report

  
Abstract:

Edited Brief of PEN.N earnings conference call or presentation 3-May-22 8:30pm GMT

  
Brief Excerpt:

...A. Highlights: Total revenues $203.9m, YoverY increase of: 1. 20.5% as reported. a. b. 21.8% in constant currency. 2. GM 62.5%, increased 100 BP sequentially. 3. Expects important investments made in Co.'s people, products, and production over past two years will continue to translate into strong growth and GM expansion going forward. B. Vascular: Revenue $122.8m, growth 37.7% YoverY. 1. 2. Vascular thrombectomy revenue grew 43.2% YoverY. 3. Vascular embolization revenue grew 28.8% YoverY. 4. Vascular thrombectomy growth driven by continued robust adoption of Co.'s Lightning products in US. Saw sequential growth across all segments of Co.'s US thrombectomy business: a. DVT. i. ii. PE. iii. Arterial. iv. Coronary. b. Strong US vascular thrombectomy growth of 30% YoverY. 5. Expanded into China with partner Genesis. This expanded partnership, which includes Co.'s older Indigo vascular thrombectomy products, but not Lightning 7 or 12 yet, occurred a qtr. earlier than expected and contributed...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Penumbra Inc
Ticker
PEN.N
Time
8:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Congrats on a good quarter. Maybe I can ask about the guidance. And maybe, Maggie, walk me through just the thought process here on the beat. Even if you'd back out the $5 million from China, it was still a $4 million beat in the quarter, reiterating guidance. So just walk me through the puts and takes there and why you decided to hold guidance?

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Okay. So just chalk it up to conservatism earlier in the year, and nothing that we should read into beyond that.

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Great. And maybe if I turn to the Neuro business, the growth rates are impacted. We don't know how much of the $5 million move from one to the other. So part a, wondering if you could give us adjusted growth rates, excluding the China contract. And b, this is a market -- the growth rates have slowed down, there's a lot of competitors. Others are talking about increased competition in neuro. So maybe you could just give us a quick state of the union, what you're seeing in terms of underlying growth, geographic growth, if it's different. And any impacts from competitors. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MAY 03, 2022 / 8:30PM, PEN.N - Q1 2022 Penumbra Inc Earnings Call

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Do you have the global numbers that you're able to share, since we don't get the segment geographic breakdown?

Question: Robert Justin Marcus - JPMorgan Chase & Co, Research Division - Analyst : Excluding that -- the mix shift in revenue?

Table Of Contents

Penumbra Inc at Canaccord Genuity Growth Conference Transcript – 2022-08-10 – US$ 54.00 – Edited Transcript of PEN.N presentation 10-Aug-22 12:30pm GMT

Penumbra Inc Q2 2022 Earnings Call Summary – 2022-08-04 – US$ 54.00 – Edited Brief of PEN.N earnings conference call or presentation 4-Aug-22 8:30pm GMT

Penumbra Inc Q2 2022 Earnings Call Transcript – 2022-08-04 – US$ 54.00 – Edited Transcript of PEN.N earnings conference call or presentation 4-Aug-22 8:30pm GMT

Penumbra Inc at Bank of America Healthcare Conference Transcript – 2022-05-10 – US$ 54.00 – Edited Transcript of PEN.N presentation 10-May-22 11:40pm GMT

Penumbra Inc Q1 2022 Earnings Call Transcript – 2022-05-03 – US$ 54.00 – Edited Transcript of PEN.N earnings conference call or presentation 3-May-22 8:30pm GMT

Penumbra Inc at Needham Healthcare Conference (Virtual) Transcript – 2022-04-11 – US$ 54.00 – Edited Transcript of PEN.N presentation 11-Apr-22 7:00pm GMT

Penumbra Inc at Citi Healthcare Conference (Virtual) Transcript – 2022-02-24 – US$ 54.00 – Edited Transcript of PEN.N presentation 24-Feb-22 6:15pm GMT

Penumbra Inc Q4 2021 Earnings Call Summary – 2022-02-22 – US$ 54.00 – Edited Brief of PEN.N earnings conference call or presentation 22-Feb-22 9:30pm GMT

Penumbra Inc Q4 2021 Earnings Call Transcript – 2022-02-22 – US$ 54.00 – Edited Transcript of PEN.N earnings conference call or presentation 22-Feb-22 9:30pm GMT

Penumbra Inc at JPMorgan Healthcare Conference Transcript – 2022-01-11 – US$ 54.00 – Edited Transcript of PEN.N presentation 11-Jan-22 4:15pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Penumbra Inc Q1 2022 Earnings Call Summary" May 03, 2022. Alacra Store. May 13, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Penumbra-Inc-Earnings-Call-B15172142>
  
APA:
Thomson StreetEvents. (2022). Penumbra Inc Q1 2022 Earnings Call Summary May 03, 2022. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2022-Penumbra-Inc-Earnings-Call-B15172142>
  
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