Company: PENG
Filing Date: 2025-01-08
Form Type: 10-Q
Source: 0001628280-25-000944
Chunk: 92

Company: Penguin Solutions, Inc.
Filing Date: 2025-01-08
Form: 10-Q
Item: Part II, Item 8
Chunk 92
---
1,2023Net sales:  Advanced Computing$177,426 52.0 %$118,824 43.3 %Integrated Memory96,706 28.4 %85,668 31.2 %Optimized LED 66,970 19.6 %69,755 25.4 %Total net sales341,102 100.0 %274,247 100.0 %Cost of sales243,290 71.3 %191,397 69.8 %Gross profit97,812 28.7 %82,850 30.2 % Operating expenses: Research and development19,811 5.8 %21,389 7.8 %Selling, general and administrative60,536 17.7 %57,217 20.9 %Other operating (income) expense109 — %2,939 1.1 %Total operating expenses80,456 23.6 %81,545 29.7 %Operating income (loss)17,356 5.1 %1,305 0.5 % Non-operating (income) expense: Interest expense, net4,396 1.3 %9,559 3.5 %Other non-operating (income) expense636 0.2 %(576)(0.2)%Total non-operating (income) expense5,032 1.5 %8,983 3.3 %Income (loss) before taxes12,324 3.6 %(7,678)(2.8)% Income tax provision6,360 1.9 %3,534 1.3 %Net income (loss) from continuing operations5,964 1.7 %(11,212)(4.1)%Net loss from discontinued operations— — %(8,148)(3.0)%Net income (loss)5,964 1.7 %(19,360)(7.1)%Net income attributable to noncontrolling interest747 0.2 %561 0.2 %Net income (loss) attributable to Penguin Solutions$5,217 1.5 %$(19,921)(7.3)%

Percentages represent percentage of total net sales. Summations of percentages may not compute precisely due to rounding.

Net