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Stock impact report

PacBio Announces Fourth Quarter and Fiscal Year 2024 Financial Results [Yahoo! Finance]

Pacific Biosciences of California, Inc. (PACB) 
Last pacific biosciences of california, inc. earnings: 2/6 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pacificbiosciences.com
Company Research Source: Yahoo! Finance
In This Article PACB PacBio MENLO PARK, Calif., Feb. 13, 2025 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB) today announced financial results for the quarter and fiscal year ended December 31, 2024. Fourth quarter results Revenue of $39.2 million, a 33% decrease compared with $58.4 million in the prior-year period. Instrument revenue of $15.3 million compared with $35.1 million in the prior-year period. Instrument revenue in the fourth quarter of 2024 included 23 Revio ® sequencing systems and 7 Vega™ sequencing systems. Consumables revenue of $18.8 million compared with $18.9 million in the prior-year period. Service and other revenue of $5.1 million compared with $4.4 million in the prior-year period. Gross margin, operating expenses, net income (loss), and net income (loss) per share are reported on a GAAP and non-GAAP basis. The non-GAAP measures are described below and reconciled to the corresponding GAAP measures at the end of this release. GAAP gross margin of Show less Read more
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