Pacific Bio (PACB) Tops Q2 EPS by 1c

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Go back to Pacific Bio (PACB) Tops Q2 EPS by 1c

Pacific Biosciences of California, Inc. Announces Second Quarter 2016 Financial Results

August 4, 2016 4:00 PM EDT

MENLO 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