Latest news with #PE
Yahoo
20 hours ago
- Business
- Yahoo
Penumbra Inc (PEN) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Total Revenue: $339.5 million, a 13.4% increase year-over-year. US Thrombectomy Revenue: $188.5 million, a 22.6% increase year-over-year. Gross Margin: 66%, consistent with prior expectations. Operating Income: $40.8 million, or 12% of revenue. Adjusted EBITDA: $61.4 million, or 18.1% of total revenue. Cash and Equivalents: $424.6 million, with no debt. Research and Development Expenses: $23.2 million, or 6.8% of revenue. SG&A Expenses: $160 million, or 47.2% of revenue. International Revenue: Decreased 3.2% reported, primarily due to a decrease in China revenue. Updated 2025 Revenue Guidance: $1.355 billion to $1.370 billion, representing 13% to 15% growth. Warning! GuruFocus has detected 2 Warning Sign with PEN. Release Date: July 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Penumbra Inc (NYSE:PEN) reported a strong revenue growth of 13.4% year-over-year, reaching $339.5 million in the second quarter of 2025. The US thrombectomy business led growth with a 22.6% increase in revenue, driven by the adoption of the CAVT portfolio. Gross margin improved to 66% from 54.4% in the previous year, excluding a one-time inventory write-off. The company successfully completed enrollment in the STORM-PE trial, which could provide significant clinical evidence for PE treatment. Penumbra Inc (NYSE:PEN) increased its full-year revenue guidance to a range of $1.355 billion to $1.370 billion, indicating confidence in continued growth. Negative Points International revenue decreased by 3.2%, primarily due to a decline in China, although other regions showed growth. Operating expenses increased due to investments in the commercial team, impacting operating margins. The gross margin slightly decreased sequentially due to the launch of the XL product and high international sales mix. There is uncertainty regarding the FDA review timeline for the Thunderbolt product, which could impact future growth. The neurovascular market showed softer growth, with Penumbra Inc (NYSE:PEN) relying on share gains to drive performance. Q & A Highlights Q: Why is the STORM-PE study significant, and what impact could it have if positive? A: Adam Elsesser, CEO, explained that STORM-PE is the first randomized study comparing anticoagulation and mechanical thrombectomy to anticoagulation alone. This comparison is crucial as it addresses a key question in the field. The study's design and the involvement of renowned physicians on the steering committee underscore its potential impact. If positive, it could significantly influence treatment standards for PE. Q: Can you provide an update on the FDA review process for Thunderbolt and address concerns about your enthusiasm for the product? A: Adam Elsesser, CEO, stated that the FDA review process is thorough and as expected. He emphasized his continued enthusiasm for Thunderbolt, describing it as an amazing product with the potential for a significant positive impact. He reassured that any rumors about diminished enthusiasm are unfounded. Q: Why is now the right time to split the sales force, and what impact might this have on margins? A: Adam Elsesser, CEO, explained that the split is necessary due to the success and growth potential of the thrombectomy business. The focus allows for better management of thrombectomy and embolization sales. The Ruby XL product is accretive to margins, and the split is expected to enhance growth without negatively impacting margins. Q: What are the expectations for the US thrombectomy business in the second half of the year? A: Adam Elsesser, CEO, noted that while the first half showed strong growth, the guidance for the second half is slightly conservative. The company remains excited about the thrombectomy business's prospects and aims to maintain momentum without getting ahead of itself. Q: How do you view the potential impact of the STORM-PE trial on the market if the data is positive? A: Adam Elsesser, CEO, highlighted that the trial could significantly influence treatment practices for PE, similar to the impact of thrombectomy in stroke treatment. The absence of structural impediments in PE treatment, unlike in stroke, could facilitate broader adoption if the trial results are positive. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Spectator
6 days ago
- Business
- Spectator
Soul suckers of private equity, Douglas Murray on Epstein and MAGA & are literary sequels ‘lazy'?
First up: how private equity is ruining Britain Gus Carter writes in the magazine this week about how foreign private equity (PE) is hollowing out Britain – PE now owns everything from a Pret a Manger to a Dorset village, and even the number of children's homes owned by PE has doubled in the last five years. This 'gives capitalism a bad name', he writes. Perhaps the most symbolic example is in the water industry, with water firms now squeezed for money and saddled with debt. British water firms now have a debt-to-equity ratio of 70%, compared to just 4% in 1991. Britain's desperation for foreign money has, quite literally, left Britain 'in the shit'. Gus joined the podcast to discuss further, alongside the journalist Megan Greenwell, author of Bad Company: Private Equity and the Death of the American Dream. (00:46) Next: why is MAGA so incensed over Jeffrey Epstein? Six years after he died, the Jeffrey Epstein scandal is still haunting Donald Trump. Trump had vowed to release all files on various cases that attract conspiracy theorists – from JFK to Martin Luther King Jr. What makes the Epstein case different, as Douglas Murray writes in the magazine this week, is that the case was so recent and Epstein's ties with the elites, many of whom are still in power. Trump appeared to backtrack on releasing files relating to Epstein, prompting ire from the MAGA world, and there is now mounting cross-party pressure to uncover who knew what. Mike Johnson, the House speaker, sent representatives home early for summer, and there is even talk of Ghislaine Maxwell testifying. Why is the Epstein scandal such a lightning rod for MAGA rage? Douglas Murray joined the Spectator to discuss. The full interview can be found on Spectator TV. (15:49) And finally: are literary sequels 'lazy'? It's 'sod's law', says the Spectator's literary editor Sam Leith, that when a friend's book is due to be reviewed in the pages of the books section that you edit, the review will be bad. Mike Cormack reviews Men In Love by Irvine Welsh this week, calling the decision by Welsh to pen another sequel to Trainspotting 'lazy'. At the Spectator this made us ponder whether this is true of all literary sequels, and what motivates authors to stick with characters and stories that they know. Sam joined us to discuss further alongside Lucy Thynne, the Telegraph's deputy literary editor. (33:59) Hosted by William Moore and Lara Prendergast. Produced by Patrick Gibbons and Megan McElroy.
Bloomberg
23-07-2025
- Business
- Bloomberg
Trade Optimism, Dollar Declines and What it Means for Private Markets
David Gross, the Co-Managing Partner at Bain Capital joined Wall Street Beat on Bloomberg Open Interest to talk about how private capital is reacting to macro headwinds and the implications of PE in your 401(k) plan. (Source: Bloomberg)
The Guardian
15-07-2025
- Entertainment
- The Guardian
‘I might annoy you, but my intentions are good': Joe Wicks' alien-filled new exercise class for kids
Joe Wicks is doing some burpees. He is being his usual Joe Wicks self, shouting matey encouragement as his lustrous hair bobs up and down in time. If you watched PE With Joe, his daily lockdown-era YouTube series, it will be familiar. However, there is one important distinction. Wicks is now exercising in a void, surrounded by fuzzy little aliens. Welcome to Activate, his new frontier in getting children moving. 'Obviously, PE With Joe had so much impact, and I'm so proud of that,' Wicks says over Zoom. 'But I had this niggling feeling that I couldn't do this for ever. I can't visit every school because thousands and thousands apply for me to visit every year.' Activate is Wicks' answer to this problem. A collaboration with Studio AKA, which makes the magnificent Hey Duggee, it's a series of five-minute animated workout videos in which he appears as a bright, animated avatar, guiding the viewer through a set of bodyweight exercises. These are no joke; the first episode is a lightly punishing round of squats, star jumps and burpees that would probably reduce a lot of adults to sweaty puddles. Activate is fun, visually beautiful and committed to making kids more active. In other words, it's classic public service broadcasting. Which makes it even more baffling that nobody wanted anything to do with it at first. 'No broadcaster could recognise or identify where it would go in their scheduling,' says Sue Goffe, CEO of Studio AKA. 'We just kept getting turned down by everybody.' 'We tried, man, we really, really tried,' sighs Wicks. 'People loved it, but weren't willing to invest. So we said, 'You know what? We gotta make this happen ourselves.'' 'Joe and [his brother] Nikki are contagious,' says Goffe. 'They are a delightful, formidable duo of energy, compassion and kindness. You can't be unaffected by it, so we had to carry on. Roll forward to where we are now and we could never have imagined we would be here.' Where they are now is on YouTube. A few years ago, this would have been seen as a defeat but, in the past year or so, YouTube has become arguably the most dominant method of content consumption on Earth. Much of its colossal audience comprises kids, so now there's a real sense that Activate is meeting its target audience where it lives. Furthermore, as soon as the first episode was complete, partners started rolling in. Universal Music has lent the series its catalogue – the first episode is soundtracked by Elton John's I'm Still Standing – and now it has partnered with the British government. Wes Streeting, the secretary of state for health and social care, was at the launch this week, and there are pledges to fund and promote the next batch of episodes. I poke Wicks a bit, try to get him to gloat over all the broadcasters that turned him down, but he's having none of it. 'Success for me isn't government backing,' he says. 'The win for me is more kids exercising and doing these at home with their parents, doing them in school.' 'I really think this is going to make a big difference to children's health,' adds Goffe. 'You know, it's a big issue. One in five children are leaving school with obesity. That's a terrible statistic. If we can contribute to making content that makes a difference, that's a win.' It's only natural that Activate will be compared with PE With Joe, and for good reason. That was the moment when Wicks – then a fitness instructor with boundless ambition and infinite enthusiasm for taking his top off – became a national treasure. He is now as synonymous with lockdown as banana bread and hitting saucepans on the doorstep. But PE With Joe had two things Activate doesn't. First, it was just Wicks filming himself in his living room so it was cheap to make. Second, it gave lots of bored people an opportunity to spend some of their day looking at Joe Wicks. Meanwhile, Activate is expensive to produce and shows Wicks as a cartoony animation. This is something the producers wrestled with. 'We were always trying to figure out, well, why is it animated?' says Kristian Andrews, who directed the series with Marcus Armitage. 'Obviously, Joe has a massively successful schools tour where he's engaging with kids, but he is just one person. And we pretty quickly realised when we were having these conversations with various broadcasters that, actually, not everyone knows Joe Wicks. Also he's not, you know, the face of diversity. That was an opportunity to broaden it out by giving him some funny little characters to exercise with.' Plus, like everyone, Wicks isn't getting any younger. 'I love what I do, but there's going to come a time where I probably can't film the high-intensity HiiT workouts any more,' he says. 'This is a scalable way of getting into schools, getting into homes.' But simple immortality isn't enough for Wicks. He has far greater ambitions. 'My dream, my moonshot, is that the education department makes it compulsory that every single day kids in primary schools do an Activate,' he adds. 'That could really lift their mood and their focus – and their grades and their mental health – beyond anything else. I'm going to really push for that.' Even without a government initiative, this would seem likely. Primary teachers are crying out for cheap, quick and easy ways to get children moving. Plenty of schools already do a Daily Mile, where pupils go outside and walk around but, to the uninitiated, this tends to have an air of prison exercise. Something as vibrant and fun as Activate could change all that. Having a five-minute break between subjects to jump up and down at the behest of some irresistibly cute animated Minionesque characters seems a no-brainer. There will be more episodes after this first batch and the nature of how they are produced – they are, in their most essential terms, a series of looping animations – means they will become cheaper to make. This is a good thing, because everyone involved has high hopes for Activate. There are suggestions that, through the Universal partnership, musical acts will want to collaborate in animated form. And, although the current focus is on the UK, there are hopes the idea will translate internationally. But, at its core, Activate will always be a manifestation of one man's desire to change the world five minutes at a time. 'I have a genuine love for it,' Wicks says of his desire to get kids moving. 'You might not love everything I say, or I might piss you off, but my intentions are good – and my intention is to help people. This is the most exciting thing I'm working on. PE With Joe, that moment is gone. I always said I'll never do anything more meaningful than that. But if I can create change in the education system and push to make exercise the number one priority, I think that could be my greatest achievement.' Activate is on YouTube now
The Irish Sun
14-07-2025
- Entertainment
- The Irish Sun
Kerry Katona admits she contacted ex Brian McFadden's new wife on the morning of their wedding
KERRY Katona has admitted she contacted ex husband Brian McFadden's new wife moments before the pair said I Do. The Westlife hitmaker, 45, wed Advertisement 6 Kerry Katona has admitted she contacted her ex Brian McFadden's new wife on their wedding day Credit: instagram 6 The pair were married for four years Credit: Getty - Contributor 6 The Westlife singer this month shared glimpses of his wedding with new wife Danielle Parkinson Credit: instagram shares Molly Marie, 23, and 21-year-old Lilly-Sue McFadden with his His daughters She told how she reached out to PE teacher Danielle on her wedding day and said: "My ex, Brian McFadden, got married earlier this month and I just want to wish him and his wife Danielle a lifetime of happiness." After rumours of a feud between the pair Kerry, who was married to the Irish singer Advertisement read more kerry katona "I texted Danielle to wish them a happy day - it looked like a beautiful celebration and I hope they had a ball." "I think I might have a girl crush on her. I always go off of what my girls say for a stepmum, and she's the best stepmum. "On Mother's Day, I sent her a message. I went, Happy Mother's Day, Danielle. I think she's lovely and they've got a beautiful little girl, Ruby. Advertisement Most read in Celebrity "I wish them nothing but joy and happiness." Kerry Katona reveals tense relationship with first husband Brian McFadden and shares hopes for a friendship with ex KERRY'S TAKE Whole Again singer Kerry recently told how she hoped she could have stayed pals with boyband star Brian. It came before the mum of five She spoke from the heart about her ex during the podcast Meeting… Kerry Katona - and the sadness that has followed. Advertisement The Atomic Kitten star, 43, told presenter Matt Foister: "I really wish me and Brian were friends. I said that to Lily yesterday because she was going to [Westlife's] concert to watch and I said, I wish I could come." Kerry Katona's love life timeline Kerry's first high-profile relationship was with Brian McFadden, who was then a member of the Irish boyband Westlife. The couple married in 2002 and had two daughters together, Molly and Lilly-Sue, but divorce beckoned just four years later after infidelity claims. In 2007, Kerry married Mark Croft, a former taxi driver. Their relationship was tumultuous and marked by financial difficulties and accusations of infidelity. They had two children together, Heidi and Maxwell, before divorcing in 2011. Kerry has spoken openly about the difficulties she faced during this period, including struggles with her mental health and substance abuse. Following this, she entered into a relationship with George Kay, a former professional rugby league player. They married in 2014 and had a daughter, Dylan-Jorge (DJ). However, their relationship was fraught with issues, including horrifying domestic abuse, and they separated in 2017. Kay died in 2019 after 'biting into a ball of cocaine'. Kerry later found love again with Ryan Mahoney, a fitness trainer. The couple became engaged in 2020, and Kerry described Ryan as a stabilising and positive influence in her life. After increasing speculation late in 2024, Kerry revealed they had split over a "breach in trust" and Ryan had moved out of her home. She then admitted: "People forget I've lived a million lives after Brian, but it was so iconic and it was so public, and people always go on about me and Brian but it was a lifetime ago. "He is a part of my story and he hates that, but unfortunately it is what it is and I'm grateful to him, because I went through something with Brian that was phenomenal... phenomenal." LOVE STORY Brian met his PE teacher partner Danielle in 2016 and they got engaged shortly after. Advertisement After meeting his long-term love, Brian popped the question shortly after in December 2019. The happy couple welcomed their daughter Ruby Jean into the world back in 2021. Brian recently revealed his intimate The happy couple had planned on getting married in South Africa but were forced to postpone their big day due to Covid-19 restrictions and the birth of their daughter. Advertisement Following his split with Kerry, he was previously engaged to Australian singer Delta Goodrem from 2007 to 2011. He was then married to model 6 Brian and PE teacher Danielle said I Do in a lavish ceremony Credit: instagram 6 Kerry, 44, told of her admiration for her daughters' step parent Credit: instagram Advertisement 6 She recently told how she hoped she and the Irish boyband star could be pals Credit: Getty
