Financial Snapshot

Revenue
$188.9M
TTM
Gross Margin
25.0%
TTM
Net Earnings
-$400.4M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
801.3%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$492.7M
Q2 2024
Cash
Q2 2024
P/E
-1.232
Sep 13, 2024 EST
Free Cash Flow
-$260.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $200.5M $128.3M $130.5M $78.89M $90.89M $78.63M $93.47M $90.71M $92.78M $60.59M $28.18M $25.98M $33.86M $1.670M $140.0K $900.0K $2.160M $2.010M
YoY Change 56.29% -1.69% 65.43% -13.2% 15.6% -15.88% 3.04% -2.23% 53.13% 115.01% 8.47% -23.27% 1927.54% 1092.86% -84.44% -58.33% 7.46% 43.57%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Revenue $200.5M $128.3M $130.5M $78.89M $90.89M $78.63M $93.47M $90.71M $92.78M $60.59M $28.18M $25.98M $33.86M $1.670M $140.0K $900.0K $2.160M $2.010M
Cost Of Revenue $144.3M $79.27M $71.65M $46.33M $56.32M $53.53M $58.81M $46.55M $39.33M $37.19M $21.76M $25.04M $20.83M $0.00 $0.00
Gross Profit $56.22M $49.04M $58.86M $32.57M $34.58M $25.10M $34.66M $44.16M $53.45M $23.40M $6.420M $940.0K $13.03M $1.670M $140.0K
Gross Profit Margin 28.03% 38.22% 45.1% 41.28% 38.04% 31.92% 37.08% 48.68% 57.61% 38.62% 22.78% 3.62% 38.48% 100.0% 100.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Selling, General & Admin $169.8M $160.9M $124.1M $72.80M $75.49M $63.49M $59.12M $47.79M $45.19M $38.03M $38.75M $47.66M $46.71M $30.09M $12.33M $7.710M $6.340M $3.500M
YoY Change 5.57% 29.59% 70.5% -3.57% 18.9% 7.39% 23.71% 5.75% 18.83% -1.86% -18.69% 2.03% 55.23% 144.04% 59.92% 21.61% 81.14% -4.11%
% of Gross Profit 302.08% 328.04% 210.88% 223.54% 218.33% 252.98% 170.57% 108.21% 84.55% 162.52% 603.58% 5070.21% 358.48% 1801.8% 8807.14%
Research & Development $187.2M $193.0M $112.9M $64.15M $59.63M $62.59M $65.32M $67.62M $60.44M $48.23M $45.22M $47.62M $76.08M $111.8M $75.88M $38.00M $19.22M $10.36M
YoY Change -3.02% 70.95% 75.99% 7.58% -4.74% -4.18% -3.39% 11.87% 25.32% 6.66% -5.04% -37.41% -31.96% 47.36% 99.68% 97.71% 85.52% 19.22%
% of Gross Profit 332.95% 393.6% 191.81% 196.99% 172.46% 249.42% 188.48% 153.12% 113.08% 206.11% 704.36% 5065.96% 583.88% 6695.81% 54200.0%
Depreciation & Amortization $6.157M $9.500M $7.200M $6.400M $7.265M $7.215M $8.442M $3.875M $3.680M $4.220M $5.650M $6.650M $5.800M $5.160M $4.100M $2.990M $1.580M
YoY Change -35.19% 31.94% 12.5% -11.91% 0.69% -14.53% 117.86% 5.3% -12.8% -25.31% -15.04% 14.66% 12.4% 25.85% 37.12% 89.24%
% of Gross Profit 10.95% 19.37% 12.23% 19.65% 21.01% 28.75% 24.36% 8.77% 6.88% 18.03% 88.01% 707.45% 44.51% 308.98% 2928.57%
Operating Expenses $378.2M $356.2M $269.3M $137.0M $135.1M $126.1M $124.4M $115.4M $105.6M $86.26M $83.96M $95.28M $122.8M $141.9M $88.21M $45.71M $25.55M $13.87M
YoY Change 6.17% 32.28% 96.64% 1.35% 7.17% 1.32% 7.83% 9.25% 22.46% 2.74% -11.88% -22.4% -13.47% 60.88% 92.98% 78.9% 84.21% 12.4%
Operating Profit -$322.0M -$307.2M -$210.4M -$104.4M -$100.5M -$101.0M -$89.78M -$71.24M -$52.18M -$62.86M -$77.54M -$94.34M -$109.8M -$140.2M -$88.07M
YoY Change 4.82% 45.98% 101.6% 3.82% -0.44% 12.48% 26.02% 36.54% -16.99% -18.93% -17.81% -14.05% -21.73% 59.24%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Interest Expense -$14.34M $14.69M $12.53M $267.0K $2.611M $2.423M $2.921M $3.234M -$2.930M -$2.830M -$2.480M -$270.0K -$290.0K $170.0K $450.0K $1.160M $1.940M $270.0K
YoY Change -197.64% 17.24% 4592.88% -89.77% 7.76% -17.05% -9.68% -210.38% 3.53% 14.11% 818.52% -6.9% -270.59% -62.22% -61.21% -40.21% 618.52% 237.5%
% of Operating Profit
Other Income/Expense, Net $32.68M $7.638M $93.00K $2.055M $1.022M $848.0K $516.0K $103.0K $360.0K -$480.0K $730.0K $150.0K $660.0K -$100.0K -$80.00K -$100.0K -$70.00K -$110.0K
YoY Change 327.91% 8112.9% -95.47% 101.08% 20.52% 64.34% 400.97% -71.39% -175.0% -165.75% 386.67% -77.27% -760.0% 25.0% -20.0% 42.86% -36.36% 450.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Pretax Income -$318.2M -$314.2M -$274.9M $29.40M -$84.13M -$103.1M -$92.70M -$74.00M -$31.70M -$66.16M -$79.29M -$94.47M -$109.4M -$140.2M -$87.70M -$43.75M -$21.52M -$11.69M
YoY Change 1.24% 14.33% -1034.84% -134.95% -18.4% 11.22% 25.27% 133.44% -52.09% -16.56% -16.07% -13.64% -21.96% 59.83% 100.46% 103.3% 84.09% 7.44%
Income Tax -$11.42M $0.00 -$93.65M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$306.7M -$314.2M -$181.2M $29.40M -$84.13M -$102.6M -$92.19M -$74.38M -$31.70M -$66.16M -$79.29M -$94.47M -$109.4M -$140.2M -$87.70M -$43.75M -$21.52M -$11.69M
YoY Change -2.39% 73.4% -716.34% -134.95% -17.97% 11.25% 23.95% 134.62% -52.09% -16.56% -16.07% -13.64% -21.96% 59.83% 100.46% 103.3% 84.09% 7.44%
Net Earnings / Revenue -152.97% -244.92% -138.85% 37.27% -92.57% -130.44% -98.63% -81.99% -34.17% -109.19% -281.37% -363.63% -323.07% -8393.41% -62642.86% -4861.11% -996.3% -581.59%
Basic Earnings Per Share -$1.21 -$1.40 -$0.89 $0.18 -$0.55 -$0.76
Diluted Earnings Per Share -$1.21 -$1.40 -$0.89 $0.17 -$0.55 -$0.76 -$872.4K -$834.3K -$419.3K -$938.7K -$1.263M -$1.695M -$2.031M -$2.652M -$1.750M -$873.1K -$429.5K -$233.3K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash & Short-Term Investments $631.4M $772.3M $1.044B $318.8M $49.10M $102.4M $62.90M $72.00M $82.30M $101.3M $112.5M $100.6M $177.4M $283.7M $92.70M $106.1M
YoY Change -18.24% -26.05% 227.6% 549.29% -52.05% 62.8% -12.64% -12.52% -18.76% -9.96% 11.83% -43.29% -37.47% 206.04% -12.63%
Cash & Equivalents $631.4M $325.1M $460.7M $81.60M $29.60M $18.80M $16.50M $16.80M $33.60M $36.40M $26.40M $46.50M $58.90M $147.7M $89.20M $78.50M
Short-Term Investments $451.5M $447.2M $583.7M $237.2M $19.50M $83.50M $46.40M $55.20M $48.60M $64.90M $86.20M $54.00M $118.6M $136.0M $3.500M $27.60M
Other Short-Term Assets $17.04M $10.59M $7.894M $5.700M $3.400M $2.800M $2.200M $10.00M $12.10M $1.700M $1.100M $2.000M $2.100M $2.200M $1.000M $900.0K
YoY Change 60.92% 34.14% 38.49% 67.65% 21.43% 27.27% -78.0% -17.36% 611.76% 54.55% -45.0% -4.76% -4.55% 120.0% 11.11%
Inventory $56.68M $50.38M $24.60M $14.20M $13.30M $17.90M $23.10M $15.60M $11.00M $11.30M $10.10M $9.600M $15.50M $6.900M $0.00
Prepaid Expenses
Receivables $36.62M $18.79M $24.24M $16.80M $15.30M $8.600M $13.40M $11.40M $5.200M $3.400M $2.700M $2.800M $4.600M $300.0K $0.00
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $741.7M $852.1M $1.101B $355.6M $81.00M $131.7M $101.6M $109.0M $110.5M $117.8M $126.5M $115.0M $199.6M $293.1M $93.70M $106.9M
YoY Change -12.95% -22.62% 209.66% 339.01% -38.5% 29.63% -6.79% -1.36% -6.2% -6.88% 10.0% -42.38% -31.9% 212.81% -12.35%
Property, Plant & Equipment $69.03M $81.34M $79.12M $54.90M $62.90M $34.10M $37.90M $14.60M $8.500M $6.600M $9.200M $14.30M $18.40M $12.30M $7.100M $6.000M
YoY Change -15.14% 2.81% 44.12% -12.72% 84.46% -10.03% 159.59% 71.76% 28.79% -28.26% -35.66% -22.28% 49.59% 73.24% 18.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $16.00M $13.45M $5.762M $3.500M $4.000M $4.500M $4.500M $14.30M $12.00M $200.0K $500.0K $400.0K $300.0K $300.0K $200.0K $200.0K
YoY Change 18.93% 133.43% 64.63% -12.5% -11.11% 0.0% -68.53% 19.17% 5900.0% -60.0% 25.0% 33.33% 0.0% 50.0% 0.0%
Total Long-Term Assets $1.004B $915.0M $905.8M $58.40M $67.00M $38.60M $42.50M $28.90M $20.60M $6.700M $9.700M $14.70M $18.70M $12.60M $7.400M $6.200M
YoY Change 9.75% 1.01% 1451.09% -12.84% 73.58% -9.18% 47.06% 40.29% 207.46% -30.93% -34.01% -21.39% 48.41% 70.27% 19.35%
Total Assets $1.746B $1.767B $2.007B $414.0M $148.0M $170.3M $144.1M $137.9M $131.1M $124.5M $136.2M $129.7M $218.3M $305.7M $101.1M $113.1M
YoY Change
Accounts Payable $15.06M $12.03M $11.00M $3.600M $8.400M $6.700M $9.100M $8.400M $4.700M $5.600M $1.700M $3.000M $4.700M $9.500M $5.800M $1.800M
YoY Change 25.22% 9.33% 205.61% -57.14% 25.37% -26.37% 8.33% 78.72% -16.07% 229.41% -43.33% -36.17% -50.53% 63.79% 222.22%
Accrued Expenses $86.91M $41.48M $43.97M $21.70M $17.10M $12.80M $12.60M $16.60M $15.60M $11.40M $7.900M $5.800M $7.200M $6.200M $2.100M $1.100M
YoY Change 109.5% -5.66% 102.63% 26.9% 33.59% 1.59% -24.1% 6.41% 36.84% 44.3% 36.21% -19.44% 16.13% 195.24% 90.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.300M
YoY Change -100.0%
Long-Term Debt Due $490.0K $1.800M $0.00 $15.90M $200.0K $100.0K $100.0K $0.00 $0.00
YoY Change -72.78% -100.0% 100.0% 0.0%
Total Short-Term Liabilities $132.9M $263.3M $71.71M $38.50M $49.20M $26.90M $28.60M $33.80M $38.20M $31.50M $22.60M $14.70M $19.40M $20.80M $8.400M $4.700M
YoY Change -49.53% 267.23% 86.26% -21.75% 82.9% -5.94% -15.38% -11.52% 21.27% 39.38% 53.74% -24.23% -6.73% 147.62% 78.72%
Long-Term Debt $892.2M $896.7M $896.1M $0.00 $0.00 $14.70M $13.60M $16.10M $14.90M $14.10M $13.30M $0.00 $2.800M $2.900M $0.00 $0.00
YoY Change -0.5% 0.07% -100.0% 8.09% -15.53% 8.05% 5.67% 6.02% -100.0% -3.45%
Other Long-Term Liabilities $19.55M $44.16M $248.2M $40.00M $43.90M $14.70M $15.70M $3.300M $4.400M $24.00M $31.10M $5.600M $4.700M $2.100M $700.0K $700.0K
YoY Change -55.73% -82.21% 520.52% -8.88% 198.64% -6.37% 375.76% -25.0% -81.67% -22.83% 455.36% 19.15% 123.81% 200.0% 0.0%
Total Long-Term Liabilities $911.8M $940.8M $1.144B $40.00M $43.90M $29.40M $29.30M $19.40M $19.30M $38.10M $44.40M $5.600M $7.500M $5.000M $700.0K $700.0K
YoY Change -3.09% -17.78% 2760.69% -8.88% 49.32% 0.34% 51.03% 0.52% -49.34% -14.19% 692.86% -25.33% 50.0% 614.29% 0.0%
Total Liabilities $1.045B $1.204B $1.216B $78.50M $93.10M $56.20M $58.00M $53.20M $57.60M $69.60M $67.00M $20.30M $26.90M $25.90M $9.100M $5.400M
YoY Change -13.24% -0.97% 1449.02% -15.68% 65.66% -3.1% 9.02% -7.64% -17.24% 3.88% 230.05% -24.54% 3.86% 184.62% 68.52%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Basic Shares Outstanding 253.6M shares 224.6M 204.1M 165.2M 152.5M 135.1M
Diluted Shares Outstanding 253.6M shares 224.6M 204.1M 175.0M 152.5M 135.1M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $493.28 Million

About Pacific Biosciences of California Inc

Pacific Biosciences of California, Inc. engages in the development, manufacture, and marketing of advanced sequencing solutions for genetic analysis. The company is headquartered in Menlo Park, California and currently employs 796 full-time employees. The company went IPO on 2010-10-27. The company is engaged in designing, developing, and manufacturing advanced sequencing solutions that enable scientists and clinical researchers to resolve genetically complex problems. Its products and technology under development stem from two differentiated core technologies, which include its HiFi long-read sequencing technology and its Sequencing by Binding (SBB) short-read sequencing technology. Its products address solutions across a set of applications, including human genetics, plant and animal sciences, infectious disease and microbiology, oncology, and other emerging applications. The company has developed HiFi long-read sequencing based on Single-Molecule Real-Time technology, which accurately detects the nucleotide sequence and epigenetic status of individual DNA molecules. Its Revio, Sequel, Sequel II and Sequel IIe instruments conduct, monitor, and analyze single-molecule biochemical reactions in real time.

Industry: Laboratory Analytical Instruments Peers: 10X Genomics Inc Adaptive Biotechnologies Corp Neogenomics Inc Azenta Inc Cytek Biosciences Inc MaxCyte Inc NS Wind Down Co., Inc. Sotera Health Co Thermo Fisher Scientific Inc