Pacific Bio (PACB) Misses Q3 EPS by 1c

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PacBio Announces Third Quarter 2021 Financial Results

November 2, 2021 4:05 PM EDT

MENLO PARK, Calif., Nov. 02, 2021 (GLOBE NEWSWIRE) -- PacBio (NASDAQ: PACB) today announced financial results for the quarter ended September 30, 2021.

Record revenue reflects 6th straight quarter of sequential growth

Revenue of $34.9 million, an 83% increase compared with $19.1 million in the prior year period.Placed 44 Sequel II/IIe systems during the quarter compared to 20 Sequel II systems placed in the prior year quarter and 38 Sequel II/IIe systems placed in the second quarter of 2021.Installed base of 326 Sequel II/IIe systems as of September 30,... More