10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001321732-17-000121 |
| Period End Date | 20170331 |
| Filing Date | 20170509 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | pen-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$829.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$589.00K | USD | Point-in-time |
| Allowance for doubtful accounts |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$684.00K | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$109.38M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$19.55M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$17.61M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$13.24M | USD | Point-in-time |
| Marketable investments |
AvailableForSaleSecuritiesCurrent
|
$115.52M | USD | Point-in-time |
| Marketable investments |
AvailableForSaleSecuritiesCurrent
|
$122.26M | USD | Point-in-time |
| Accounts receivable, net of doubtful accounts of $829 and $684 at March 31, 2017 and December 31, 2016, respectively |
AccountsReceivableNetCurrent
|
$45.28M | USD | Point-in-time |
| Accounts receivable, net of doubtful accounts of $829 and $684 at March 31, 2017 and December 31, 2016, respectively |
AccountsReceivableNetCurrent
|
$43.34M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$73.01M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$79.19M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$14.55M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$18.73M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalentsAtCarryingValue
|
$1.70M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$372.36M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$263.83M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$21.46M | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$22.91M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$22.48M | USD | Point-in-time |
| Deferred taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$22.49M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$612.00K | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$487.00K | USD | Point-in-time |
| Total assets |
Assets
|
$418.37M | USD | Point-in-time |
| Total assets |
Assets
|
$308.25M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$4.11M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$4.97M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$31.69M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$33.59M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$35.80M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$38.56M | USD | Point-in-time |
| Deferred Rent Credit, Noncurrent |
DeferredRentCreditNoncurrent
|
$5.50M | USD | Point-in-time |
| Deferred Rent Credit, Noncurrent |
DeferredRentCreditNoncurrent
|
$5.08M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$828.00K | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$824.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$44.89M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$41.71M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$31.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$33.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$273.87M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$383.13M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-3.93M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-4.69M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-5.77M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-2.66M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$266.55M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$373.47M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$418.37M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$308.25M | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenue |
SalesRevenueNet
|
$57.92M | USD | 1 Quarter |
| Revenue |
SalesRevenueNet
|
$73.21M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$18.01M | USD | 1 Quarter |
| Cost of revenue |
CostOfRevenue
|
$25.50M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$39.91M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$47.71M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$7.03M | 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
|
$42.72M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$49.76M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$38.07M | USD | 1 Quarter |
| (Loss) Income from operations |
OperatingIncomeLoss
|
$-2.05M | USD | 1 Quarter |
| (Loss) Income from operations |
OperatingIncomeLoss
|
$1.83M | USD | 1 Quarter |
| Interest income, net |
InterestIncomeExpenseNonoperatingNet
|
$510.00K | USD | 1 Quarter |
| Interest income, net |
InterestIncomeExpenseNonoperatingNet
|
$644.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-349.00K | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-224.00K | USD | 1 Quarter |
| (Loss) Income before provision for (benefit from) income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-1.75M | USD | 1 Quarter |
| (Loss) Income before provision for (benefit from) income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$2.12M | USD | 1 Quarter |
| Provision for (benefit from) income taxes |
IncomeTaxExpenseBenefit
|
$1.35M | USD | 1 Quarter |
| Provision for (benefit from) income taxes |
IncomeTaxExpenseBenefit
|
$-170.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$-3.11M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$2.29M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$1.05M | USD | 1 Quarter |
| Foreign currency translation adjustments, net of tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$692.00K | USD | 1 Quarter |
| Unrealized gains on available-for-sale securities, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$70.00K | USD | 1 Quarter |
| Unrealized gains on available-for-sale securities, net of tax |
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
|
$281.00K | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$3.62M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-2.34M | USD | 1 Quarter |
| Net income attributable to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$2.29M | USD | 1 Quarter |
| Net income attributable to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-3.11M | USD | 1 Quarter |
| Net (loss) income per share attributable to common stockholders Basic (in dollars per share) |
EarningsPerShareBasic
|
$-0.10 | USD | 1 Quarter |
| Net (loss) income per share attributable to common stockholders Basic (in dollars per share) |
EarningsPerShareBasic
|
$0.08 | USD | 1 Quarter |
| Net (loss) income per share attributable to common stockholders Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$-0.10 | USD | 1 Quarter |
| Net (loss) income per share attributable to common stockholders Diluted (in dollars per share) |
EarningsPerShareDiluted
|
$0.07 | USD | 1 Quarter |
| Weighted average shares used to compute net (loss) income per share attributable to common stockholders Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
29.99M | shares | 1 Quarter |
| Weighted average shares used to compute net (loss) income per share attributable to common stockholders Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
31.61M | shares | 1 Quarter |
| Weighted average shares used to compute net (loss) income per share attributable to common stockholders Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.02M | shares | 1 Quarter |
| Weighted average shares used to compute net (loss) income per share attributable to common stockholders Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
31.61M | shares | 1 Quarter |
Cash Flow Statement
67 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
NetIncomeLoss
|
$-3.11M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$2.29M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$538.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$654.00K | USD | 1 Quarter |
| Amortization of premium on marketable investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-299.00K | USD | 1 Quarter |
| Amortization of premium on marketable investments |
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
$-189.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$4.01M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.02M | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$11.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$145.00K | USD | 1 Quarter |
| Provision for doubtful accounts |
ProvisionForDoubtfulAccounts
|
$216.00K | USD | Annual |
| Inventory write downs |
InventoryWriteDown
|
$256.00K | USD | 1 Quarter |
| Inventory write downs |
InventoryWriteDown
|
$317.00K | 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 |
| Realized (gain) loss on marketable investments |
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
$31.00K | USD | 1 Quarter |
| Realized (gain) loss on marketable investments |
AvailableforsaleSecuritiesGrossRealizedGainLossExcludingOtherThanTemporaryImpairments
|
- | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-1.00K | USD | 1 Quarter |
| Deferred taxes |
DeferredIncomeTaxesAndTaxCredits
|
$1.33M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.34M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.88M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$9.08M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$6.06M | USD | 1 Quarter |
| Prepaid expenses and other current and non-current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$4.76M | USD | 1 Quarter |
| Prepaid expenses and other current and non-current assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-2.25M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.35M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$889.00K | USD | 1 Quarter |
| Accrued expenses and other non-current liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$4.06M | USD | 1 Quarter |
| Accrued expenses and other non-current liabilities |
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
$4.77M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.19M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-2.07M | USD | 1 Quarter |
| Purchase of marketable investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$44.78M | USD | 1 Quarter |
| Purchase of marketable investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$9.53M | USD | 1 Quarter |
| Proceeds from sales of marketable investments |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$500.00K | USD | 1 Quarter |
| Proceeds from sales of marketable investments |
ProceedsFromSaleOfAvailableForSaleSecurities
|
$22.98M | USD | 1 Quarter |
| Proceeds from maturities of marketable investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$15.02M | USD | 1 Quarter |
| Proceeds from maturities of marketable investments |
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
|
$11.75M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$3.19M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.11M | USD | 1 Quarter |
| Increase (Decrease) in Restricted Cash |
IncreaseDecreaseInRestrictedCash
|
- | USD | 1 Quarter |
| Increase (Decrease) in Restricted Cash |
IncreaseDecreaseInRestrictedCash
|
$1.69M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.60M | USD | 1 Quarter |
| Net cash (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.66M | USD | 1 Quarter |
| Proceeds from Issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from Issuance of Common Stock |
ProceedsFromIssuanceOfCommonStock
|
$106.56M | USD | 1 Quarter |
| Proceeds from exercises of stock options |
ProceedsFromStockOptionsExercised
|
$129.00K | USD | 1 Quarter |
| Proceeds from exercises of stock options |
ProceedsFromStockOptionsExercised
|
$1.05M | USD | 1 Quarter |
| Payment of employee taxes related to vested restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$1.64M | USD | 1 Quarter |
| Payment of employee taxes related to vested restricted stock |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$2.09M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$105.52M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-1.51M | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$91.00K | USD | 1 Quarter |
| Effect of foreign exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$42.00K | USD | 1 Quarter |
| Net Increase (Decrease) In Cash And Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.94M | USD | 1 Quarter |
| Net Increase (Decrease) In Cash And Cash Equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$96.15M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$109.38M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.55M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.61M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSBeginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.24M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$109.38M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$19.55M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$17.61M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTSEnd of period |
CashAndCashEquivalentsAtCarryingValue
|
$13.24M | USD | Point-in-time |
| Purchase of property and equipment funded through accounts payable and accrued liabilities |
CapitalExpendituresIncurredButNotYetPaid
|
$334.00K | USD | 1 Quarter |
| Purchase of property and equipment funded through accounts payable and accrued liabilities |
CapitalExpendituresIncurredButNotYetPaid
|
$339.00K | USD | 1 Quarter |
| Deferred issuance costs not yet paid |
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
|
$295.00K | USD | 1 Quarter |
| Deferred issuance costs not yet paid |
StockIssuanceCostsIncurredDuringNoncashorPartialNoncashTransaction
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.