Company: PACB
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001299130-25-000156
Chunk: 595

Company: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part II, Item 1A
Chunk 595
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 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;

Q2 Fiscal 2025 Form 10-Q59

•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; 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. Seasonal or cyclical variations in our sales have in the past, and may in the future, become more or less pronounced over time, and have in the past materially affected, and may in the future materially affect, our business, financial condition, results of operations, and prospects.

Our ability to use net operating losses and certain other tax attributes to offset future taxable income may be subject to substantial limitations.

Under Sections 382 and 383 of the Internal Revenue Code of 1986, as amended, a corporation that undergoes an “ownership change” is subject to limitations on its ability to utilize its pre-change net operating losses (“NOLs”) and other pre-change tax attributes, such as research and development