Company: PACB
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001299130-25-000168
Chunk: 291

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 3
Chunk 291
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 to predict and could negatively impact the market price of our common stock.

Sales of our products, particularly our sequencing instruments, are subject to significant seasonality due to several factors, including the procurement and budgeting cycles of many of our customers, especially government-funded customers, which often coincide with government fiscal year ends and significant holidays disrupting business and sales activities in key markets. These factors have contributed, and in the future may contribute, to substantial fluctuations in our quarterly operating results.

Our operating results during any given period can also be impacted by numerous other factors, including the following:

•market acceptance for our products;

•our ability to attract new customers;

•the length of our sales cycles, as discussed above;

•our ability to achieve economies of scale and other manufacturing efficiencies at the rate we anticipate;

Q3 Fiscal 2025 Form 10-Q57

•publications of studies by us, our competitors or third parties;

•the timing and success of new product introductions by us or our competitors or other changes in the competitive dynamics of our industry, such as consolidation;

•the amount and timing of our costs and expenses;

•changes in our pricing policies or those of our competitors;

•general economic, industry and market conditions;

•the impact of catastrophic events, including health epidemics or pandemics and military or other armed conflicts;

•the regulatory environment in which we operate;

•expenses associated with warranty obligations or unforeseen product quality issues;

•the hiring, training, and retention of key employees, including our ability to grow our sales organization;

•litigation or other claims against us for intellectual property infringement or otherwise;

•our ability to obtain additional financing as necessary;

•the impact of the U.S. federal government shutdown on the U.S. economy, capital markets and our business; and

•changes or trends in new technologies and industry standards.

Consequently, it is possible that in some quarters our operating results will fall below the expectations of securities analysts or investors. If that happens, the market price of our common stock would likely decrease. These fluctuations, among other factors, also mean that our operating results in any particular period may not be relied upon as an indication of future performance. Additionally, any bankruptcy of a customer or other party with whom we do business, or the failure of any such party to make payments when due, or any breach or default by any such party, or the loss of any significant partnerships, could impact our revenue recognition or result in material losses to us, which may have a material adverse impact on our business.