Pacific Bio (PACB) Tops Q1 EPS by 1c

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Go back to Pacific Bio (PACB) Tops Q1 EPS by 1c

Pacific Biosciences of California, Inc. Announces First Quarter 2021 Financial Results

April 29, 2021 4:05 PM EDT

MENLO PARK, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (NASDAQ: PACB) today announced financial results for the quarter ended March 31, 2021.

Record first quarter revenue reflects a strong start to 2021

Revenue for the first quarter of 2021 was $29.0 million, representing an 86% increase compared with $15.6 million for the first quarter of 2020. The Company placed 41 Sequel II/IIe systems during the first quarter of 2021 compared to 11 Sequel II systems placed in the first quarter of 2020 and 35 Sequel II/IIe systems placed during the fourth quarter of 2020, bringing... More