{"schema_version":"secwatch.filing_event.v1","accession":"0001299130-25-000099","form_type":"8-K","ticker":"PACB","cik":"0001299130","company_name":"PACIFIC BIOSCIENCES OF CALIFORNIA, INC.","filed_at":"2025-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.863284+00:00","generated_at":"2026-05-22T03:22:46.464257+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PacBio Q1 GAAP net loss $426M on restructuring; consumable revenue record, non-GAAP loss narrows","bullets":["Revenue $37.2M, down 4% YoY; consumable revenue record $20.1M (+26% YoY).","GAAP net loss $426.1M ($1.44 EPS) includes $381.8M restructuring charges; non-GAAP net loss $44.4M ($0.15).","Restructuring plan targets $45-50M annualized non-GAAP opex reduction by end of 2025; focuses on long-read business.","Shipped 28 Vega and 12 Revio systems (Revio down from 28 YoY); non-GAAP gross margin improved to 40% from 33%.","Independent investigation of employee allegations may delay Q1 10-Q filing; company sees no material financial impact."],"urls":{"canonical":"https://secwatch.observer/filing/0001299130-25-000099","json":"https://secwatch.observer/filing/0001299130-25-000099.json","markdown":"https://secwatch.observer/filing/0001299130-25-000099.md","text":"https://secwatch.observer/filing/0001299130-25-000099.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1299130/000129913025000099/0001299130-25-000099-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1299130/000129913025000099/pacb-20250508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T03:22:46.464257+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}