10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001321732-16-000006 |
| Period End Date | 20160331 |
| Filing Date | 20160509 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | pen-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
51 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$602.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$589.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$600.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$17.61M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$8.13M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.55M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.29M | USD | Point-in-time |
| Marketable investments |
AvailableForSaleSecuritiesCurrent
|
$126.81M | USD | Point-in-time |
| Marketable investments |
AvailableForSaleSecuritiesCurrent
|
$129.26M | USD | Point-in-time |
| Accounts receivable, net of doubtful accounts of $600 and $589 at March 31, 2016 and December 31, 2015, respectively |
AccountsReceivableNetCurrent
|
$31.16M | USD | Point-in-time |
| Accounts receivable, net of doubtful accounts of $600 and $589 at March 31, 2016 and December 31, 2015, respectively |
AccountsReceivableNetCurrent
|
$29.44M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$56.76M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$66.56M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$11.51M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$9.35M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$253.65M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$244.36M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$8.95M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$9.72M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$11.32M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$10.14M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$393.00K | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$435.00K | USD | Point-in-time |
| Total assets |
Assets
|
$263.85M | USD | Point-in-time |
| Total assets |
Assets
|
$275.12M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.57M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$4.02M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$29.96M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$25.58M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$33.98M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$28.15M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$3.18M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$3.09M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$37.07M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$31.33M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$30.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$30.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$252.09M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$255.50M | USD | Point-in-time |
| Notes receivable from stockholders |
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
$5.00K | USD | Point-in-time |
| Notes receivable from stockholders |
ReceivableFromShareholdersOrAffiliatesForIssuanceOfCapitalStock
|
- | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-2.12M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-786.00K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-16.70M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-17.48M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$238.05M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$232.52M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$263.85M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$275.12M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
SalesRevenueNet
|
$38.95M | USD | 1 Quarter |
| Revenue |
SalesRevenueNet
|
$57.92M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$12.22M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$18.01M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$39.91M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$26.73M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$3.19M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$5.00M | USD | 1 Quarter |
| Sales, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$33.07M | USD | 1 Quarter |
| Sales, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$19.55M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$38.07M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$22.74M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$3.99M | USD | 1 Quarter |
| Income from operations |
OperatingIncomeLoss
|
$1.83M | USD | 1 Quarter |
| Interest income (expense), net |
InterestIncomeExpenseNonoperatingNet
|
$208.00K | USD | 1 Quarter |
| Interest income (expense), net |
InterestIncomeExpenseNonoperatingNet
|
$510.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$-224.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$44.00K | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.12M | USD | 1 Quarter |
| Income before provision for income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.24M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.74M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$1.34M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$2.50M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$780.00K | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.05M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-916.00K | USD | 1 Quarter |
| Unrealized gains on available-for-sale securities, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$27.00K | USD | 1 Quarter |
| Unrealized gains on available-for-sale securities, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$281.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$2.11M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.61M | USD | 1 Quarter |
| Net income attributable to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$503.00K | USD | 1 Quarter |
| Net income attributable to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$780.00K | USD | 1 Quarter |
| Net income per share attributable to common stockholders Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.10 | USD | 1 Quarter |
| Net income per share attributable to common stockholders Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.03 | USD | 1 Quarter |
| Net income per share attributable to common stockholders Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.07 | USD | 1 Quarter |
| Net income per share attributable to common stockholders Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.02 | USD | 1 Quarter |
| Weighted average shares used to compute net income per share attributable to common stockholders Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
4.90M | shares | 1 Quarter |
| Weighted average shares used to compute net income per share attributable to common stockholders Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
29.99M | shares | 1 Quarter |
| Weighted average shares used to compute net income attributable to common stockholders Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
32.49M | shares | 1 Quarter |
| Weighted average shares used to compute net income attributable to common stockholders Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
7.19M | shares | 1 Quarter |
Cash Flow Statement
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$2.50M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$780.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$538.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$338.00K | USD | 1 Quarter |
| Amortization of premium on marketable investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
- | USD | 1 Quarter |
| Amortization of premium on marketable investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-189.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$355.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.02M | USD | 1 Quarter |
| Excess tax benefit from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
- | USD | 1 Quarter |
| Excess tax benefit from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.51M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$-13.00K | USD | Annual |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$-151.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$11.00K | USD | 1 Quarter |
| Inventory write downs |
InventoryWriteDown
|
- | USD | 1 Quarter |
| Inventory write downs |
InventoryWriteDown
|
$317.00K | USD | 1 Quarter |
| Write off of note receivable |
WriteoffofNoteReceivable
|
- | USD | 1 Quarter |
| Write off of note receivable |
WriteoffofNoteReceivable
|
$85.00K | USD | 1 Quarter |
| Provision for sales returns |
ProvisionforSalesReturns
|
$44.00K | USD | 1 Quarter |
| Provision for sales returns |
ProvisionforSalesReturns
|
$262.00K | USD | 1 Quarter |
| Loss on disposal of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Loss on disposal of property and equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$-11.00K | USD | 1 Quarter |
| Provision (release) for product warranty |
ProductWarrantyExpense
|
$-215.00K | USD | 1 Quarter |
| Provision (release) for product warranty |
ProductWarrantyExpense
|
$61.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-82.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$1.33M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.34M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$2.93M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$7.06M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$9.08M | USD | 1 Quarter |
| Prepaid expenses and other current and non-current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.25M | USD | 1 Quarter |
| Prepaid expenses and other current and non-current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-923.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.64M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.35M | USD | 1 Quarter |
| Accrued expenses and other non-current liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$4.01M | USD | 1 Quarter |
| Accrued expenses and other non-current liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$1.61M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.66M | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-3.58M | USD | 1 Quarter |
| Purchase of marketable investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$2.41M | USD | 1 Quarter |
| Purchase of marketable investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$9.53M | USD | 1 Quarter |
| Proceeds from sales of marketable investments |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$11.25M | USD | 1 Quarter |
| Proceeds from sales of marketable investments |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$500.00K | USD | 1 Quarter |
| Proceeds from maturities of marketable investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
- | USD | 1 Quarter |
| Proceeds from maturities of marketable investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$11.75M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.11M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.30M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$7.54M | USD | 1 Quarter |
| Net cash provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.60M | USD | 1 Quarter |
| Proceeds from exercises of stock options |
ProceedsFromStockOptionsExercised
|
$326.00K | USD | 1 Quarter |
| Proceeds from exercises of stock options |
ProceedsFromStockOptionsExercised
|
$129.00K | USD | 1 Quarter |
| Excess tax benefit from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.51M | USD | 1 Quarter |
| Excess tax benefit from stock-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
- | USD | 1 Quarter |
| Payment of employee taxes related to vested restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
- | USD | 1 Quarter |
| Payment of employee taxes related to vested restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.64M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.00K | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$326.00K | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$42.00K | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-362.00K | USD | 1 Quarter |
| Net Increase (Decrease) In Cash And Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$4.84M | USD | 1 Quarter |
| Net Increase (Decrease) In Cash And Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.94M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.61M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.13M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.55M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.29M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.61M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$8.13M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.55M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.29M | USD | Point-in-time |
| Purchase of property and equipment funded through accounts payable and accrued liabilities |
CapitalExpendituresIncurredButNotYetPaid
|
$685.00K | USD | 1 Quarter |
| Purchase of property and equipment funded through accounts payable and accrued liabilities |
CapitalExpendituresIncurredButNotYetPaid
|
$334.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.