Company: PACB
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001299130-25-000102
Chunk: 192

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 192
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,153 38,810 Less:Cost of revenue38,524 27,528 Research and development29,053 43,455 Sales and marketing20,076 22,537 General and administrative20,092 21,216 Impairment charges15,000 — Change in fair value of contingent consideration(18,700)(70)Amortization of acquired intangible assets362,042 5,506 Other income, net2,557 3,184 Income tax provision(302)— Consolidated net loss(426,075)(78,178)A summary of our revenue by geographic location is as follows:Three Months Ended March 31,(In thousands)20252024Americas$16,303 $17,678 Europe, Middle East and Africa9,240 8,356 Asia-Pacific11,610 12,776 Total $37,153 $38,810 A summary of our revenue by category is as follows:   Three Months Ended March 31,(In thousands)20252024Instrument revenue$11,016 $19,025 Consumable revenue20,097 15,984 Product revenue31,113 35,009 Service and other revenue6,040 3,801 Total revenue$37,153 $38,810 

Q1 Fiscal 2025 Form 10-Q28

ITEM 2.  MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

You should read the following discussion and analysis of our financial condition and results of operations together with (i) our unaudited condensed consolidated financial statements and related notes that are included elsewhere in this Quarterly Report on Form 10-Q and (ii) our 2024 Annual Report filed with the U.S. Securities and Exchange Commission, or the SEC, on March 17, 2025. This discussion contains forward-looking statements based upon current plans, expectations and beliefs that involve risks and uncertainties. The words “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “might,” “plans,” “potential,” “predicts,” “projects,” “seeks,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Our actual results may differ materially from those anticipated in these forward-looking statements