Pacific Bio (PACB) Misses Q2 EPS by 2c

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Go back to Pacific Bio (PACB) Misses Q2 EPS by 2c

Pacific Biosciences of California, Inc. Announces Second Quarter 2015 Financial Results

August 5, 2015 4:00 PM EDT

MENLO PARK, Calif., Aug. 5, 2015 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (NASDAQ: PACB) today reported a 118% increase in revenue with $24.9 million for the second quarter ended June 30, 2015, compared to $11.4 million for the second quarter of 2014.

Second quarter 2015 revenue includes product and service revenue of $11.3 million and $13.6 million of contractual revenue, while second quarter 2014 revenue includes product and service revenue of $9.7 million and $1.7 million of contractual revenue. Second quarter 2015 contractual revenue includes $10 million of milestone revenue and also reflects a higher quarterly amortization of the upfront Roche payment.

Gross profit increased $11.4... More