Pacific Bio (PACB) Tops Q2 EPS by 1c
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Pacific Biosciences of California, Inc. Announces Second Quarter 2016 Financial Results
August 4, 2016 4:00 PM EDTMENLO PARK, Calif., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (NASDAQ: PACB) today announced financial results for its second quarter ended June 30, 2016.
Revenue for the second quarter of 2016 totaled $20.7 million, compared to $24.9 million for the second quarter of 2015. Product and service revenue for the second quarter of 2016 increased by 51% to $17.1 million, compared to $11.3 million for the second quarter of 2015. Contractual revenue for the second quarter of 2016 was $3.6 million, compared to $13.6 million for the second quarter of 2015. Both quarters reflected $3.6 million of amortization of the upfront payment pursuant to the Companys... More
