Pacific Bio (PACB) Misses Q2 EPS by 1c

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

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

August 3, 2021 4:06 PM EDT

MENLO PARK, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (NASDAQ: PACB) today announced financial results for the quarter ended June 30, 2021.

Record second quarter revenue reflects continued quarter-over-quarter growth

Revenue for the second quarter of 2021 was $30.6 million, representing an 79% increase compared with $17.1 million for the second quarter of 2020. The Company placed 38 Sequel II/IIe systems during the second quarter of 2021 compared to 23 Sequel II systems placed in the second quarter of 2020 and 41 Sequel II/IIe systems placed during the first quarter of 2021, bringing the... More