Company: PACB
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001299130-25-000061
Chunk: 177

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1
Chunk 177
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 for detailed information on equity awards.

NOTE 11.  SEGMENT AND GEOGRAPHIC INFORMATIONWe are organized as, and operate in, one reportable segment: the development, manufacturing, and marketing of integrated platforms for genetic analysis. Our chief operating decision-maker (CODM) is our Chief Executive Officer. Our CODM reviews financial information presented on a consolidated basis for the purposes of evaluating financial performance and allocating resources.On a regular basis, our CODM reviews:•total revenues by category•total expenses and expenses by function, including sales and marketing and general and administrative, which include depreciation and share-based compensation•net loss per shareOur assets are primarily located in the United States of America and not allocated to any specific region, and we do not measure the performance of geographic regions based upon asset-based metrics. Therefore, geographic information is presented only for revenue.

Fiscal 2024 Form 10-K123

A summary of the segment profit or loss, including significant segment expenses is as follows:Years Ended December 31,(in thousands)202420232022Total revenue154,014 200,521 128,304 Less:Cost of revenue116,732 147,741 79,269 Research and development134,922 187,170 193,000 Sales and marketing87,244 79,287 84,465 General and administrative87,773 90,531 76,389 Impairment charges184,500 — — Merger-related expenses— 9,042 — Change in fair value of contingent consideration(850)15,060 2,377 Amortization of acquired intangible assets18,006 6,157 — Loss on extinguishment of debt— 2,033 — Gain on debt restructuring(154,407)— — Other income (expense), net10,371 18,341 (7,052)Income tax provision (benefit)316 (11,424)— Consolidated net loss(309,851)(306,735)(314,248)A summary of our revenue by geographic location is as follows:Years Ended December 31,(in thousands)202420232022Americas (1)$78,711 $105,410 $69,561 Europe, Middle East, and Africa34,594 40,658 22,598 Asia-Pacific40,709 54,453 36,145 Total $154,014 $200