Company: PENG
Filing Date: 2025-04-02
Form Type: 10-Q
Source: 0001628280-25-016182
Chunk: 111

Company: Penguin Solutions, Inc.
Filing Date: 2025-04-02
Form: 10-Q
Item: Part II, Item 8
Chunk 111
---
.8 %83,297 29.2 %201,966 28.6 %168,965 30.2 %Optimized LED 60,102 16.4 %60,119 21.1 %127,072 18.0 %129,874 23.2 %Total net sales365,519 100.0 %284,821 100.0 %706,621 100.0 %559,068 100.0 %Cost of sales260,871 71.4 %202,887 71.2 %504,161 71.3 %394,284 70.5 %Gross profit104,648 28.6 %81,934 28.8 %202,460 28.7 %164,784 29.5 % Operating expenses: Research and development19,907 5.4 %20,526 7.2 %39,718 5.6 %41,915 7.5 %Selling, general and administrative59,315 16.2 %61,385 21.6 %119,851 17.0 %118,602 21.2 %Impairment of goodwill6,079 1.7 %— — %6,079 0.9 %— — %Other operating expense859 0.2 %3,335 1.2 %968 0.1 %6,274 1.1 %Total operating expenses86,160 23.6 %85,246 29.9 %166,616 23.6 %166,791 29.8 %Operating income (loss)18,488 5.1 %(3,312)(1.2)%35,844 5.1 %(2,007)(0.4)% Non-operating (income) expense: Interest expense, net2,183 0.6 %7,249 2.5 %6,579 0.9 %16,808 3.0 %Other non-operating (income) expense(209)(0.1)%248 0.1 %427 0.1 %(328)(0.1)%Total non-operating (income) expense