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PacBio Q2 revenue $39M, net loss $44.7M; CEO Henry steps down, Van Oene appointed; restructuring cuts 8% workforce
Q2 revenue $39.0M (down 2% YoY); GAAP net loss $44.7M ($0.14 loss per share); non-GAAP net loss $41.9M.
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Director Christopher M. Smith resigns from Pacific Biosciences board effective July 8, 2026
Christopher M. Smith resigned from the Board effective July 8, 2026.
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Shareholders approve 16M share increase in equity plan at Pacific Biosciences annual meeting
Stockholders approved amendment to 2020 Equity Incentive Plan, adding 16,000,000 shares for future grants.
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PacBio Q1 rev flat at $37.2M; consumable record but instrument miss; FY26 guidance $165-175M
Q1 revenue $37.2M flat YoY; consumable record $21.8M (+8% YoY), instrument revenue $9.7M (-12% YoY) below expectations.
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PACB settles patent lawsuit with PGI, will pay $23M to $25M; CAO resigns
Michele Farmer resigns as CAO effective March 21, 2026; no severance or disagreement.
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PacBio appoints Chris Gibson (Recursion co-founder) to board; effective March 3, 2026
Board expanded to 10; Gibson appointed Class I director with term expiring at 2026 annual meeting.
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PacBio Q4 revenue $44.6M, consumable record; GAAP net loss $40.4M, non-GAAP loss narrows
Q4 revenue $44.6M (+14% YoY); consumable revenue record $21.6M (+15% YoY).
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Pacific Biosciences CEO and COO swap interim responsibilities effective Jan 28, 2026
CEO Christian Henry assumes interim oversight of operations and R&D from COO Mark Van Oene.
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PacBio completes sale of short-read sequencing assets to Illumina for $48.1M net cash
Sold certain short-read DNA sequencing IP and related technologies to Illumina for $50M gross; net cash proceeds $48.1M.
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PacBio Q4 revenue $44.6M (+14% YoY); full year $160M (+4%); record consumables
Q4 2025 revenue ~$44.6M vs $39.2M YoY; full year ~$160M vs $154M.
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PacBio Q3 revenue $38.4M, net loss narrows to $38M; consumables hit record $21.3M
GAAP net loss $38.0M ($0.13 loss per share) vs $60.7M ($0.22) YoY; non-GAAP net loss $36.8M ($0.12).
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PacBio Q2 revenue up 10.5% YoY to $39.8M; GAAP net loss narrows to $41.9M
GAAP net loss per share of $0.14 improved from $0.64 YoY; non-GAAP EPS -$0.13 vs -$0.20.
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Stockholders approve 23M share increase to 2020 Equity Plan; Annual meeting results
Stockholders approved 23M share increase to 2020 Equity Plan: 85.4M for, 43.6M against, 56.4M broker non-votes.
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PacBio Q1 GAAP net loss $426M on restructuring; consumable revenue record, non-GAAP loss narrows
Revenue $37.2M, down 4% YoY; consumable revenue record $20.1M (+26% YoY).
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PacBio reports preliminary Q1 revenue $36.9M, down 5% YoY; cuts annual opex run rate by $45-50M
Preliminary Q1 2025 revenue $36.9M vs $38.8M YoY; instrument revenue fell to $10.8M from $19.0M.
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PacBio appoints Jim Gibson as CFO, effective March 31, 2025
Jim Gibson appointed CFO effective March 31, 2025; Christian Henry ceases as interim CFO.
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Pacific Biosciences extends Menlo Park lease to 2034, gets $11.6M rent abatement
Lease term extended to April 30, 2034 from Oct 31, 2027; 180,231 sq ft.
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PacBio Q4 rev $39.2M (-33% YoY), $90M impairment, non-GAAP loss $55.3M
Revenue $39.2M vs $58.4M prior year; instrument revenue fell to $15.3M from $35.1M.
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Pacific Biosciences appoints Smith to Science & Technology Committee, Mohr as Audit chair
Christopher M. Smith appointed to Science and Technology Committee effective February 6, 2024.
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PacBio appoints NeoGenomics CEO Chris Smith to board; David Meline resigns
Chris Smith, CEO of NeoGenomics (NEO), appointed to PacBio Board effective Jan 30, 2025.
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PacBio reports preliminary Q4 revenue $39.2M, down 33% YoY; Vega system shipped ahead of schedule
Preliminary Q4 revenue $39.2M vs $58.4M prior year (-33%); full year $154M vs $200M (-23%).
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Pacific Biosciences discloses CCO Jeff Eidel's separation terms: $485K severance, 12-month COBRA
Jeff Eidel's employment as CCO ended Nov 15, 2024; separation agreement signed Dec 6, effective Dec 13.
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Pacific Biosciences amends CEO/COO severance: lump sum 12-18 months salary, extended change-of-control window
CEO Christian Henry receives lump sum cash severance equal to 18 months of base salary.
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Pacific Biosciences CFO Susan G. Kim resigns; CEO Christian Henry appointed interim CFO
Susan G. Kim resigned as CFO and principal financial officer effective December 6, 2024.
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Pacific Biosciences exchanges $459M 2028 notes for $200M new notes, shares, and $50M cash
Exchanged $459M of 1.50% 2028 notes for $200M new 1.50% notes due 2029, 20,451,570 shares, and $50M cash.
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Pacific Biosciences CCO Jeff Eidel to depart Nov 15 amid commercial restructuring
Jeff Eidel notified of separation as Chief Commercial Officer on November 11, 2024.
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PacBio exchanges $459M 2028 notes for $200M 2029 notes, 20.5M shares, $50M cash
Exchanged $459M of 1.5% 2028 notes for $200M new 1.5% 2029 notes, 20.45M shares, and $50M cash.
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PacBio Q3 revenue falls 28% to $40M; CFO resigns; notes exchange with SoftBank
Revenue $40.0M (-28% YoY); instrument revenue $16.8M (down from $34.7M); 22 Revio systems shipped.
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Pacific Biosciences estimates $27M in charges for expense reduction plan; San Diego office closure
Total charges estimated at $27M in fiscal 2024, including $10M compensation, $12M lease costs, $4M inventory.
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PacBio Q2 revenue down 24% to $36M; GAAP net loss $173M includes $93M goodwill impairment
Revenue of $36.0M vs $47.6M YoY; instrument revenue fell to $14.7M from $29.9M.
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PACB shareholders approve 20M share increase, board declassification, officer exculpation
Stockholders approved amendment to 2020 Equity Incentive Plan, adding 20,000,000 shares for issuance.
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PacBio Q1 revenue flat at $38.8M; net loss $78.2M; cuts 195 jobs to reduce expenses
Revenue $38.8M (flat YoY); instrument revenue down 8% to $19.0M; consumables up 14% to $16.0M.
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PacBio reports preliminary Q1 rev $38.8M (flat YoY), slashes FY2024 guidance to $170-200M, cuts costs $50-75M
Preliminary Q1 2024 revenue $38.8M, roughly flat vs $38.9M in prior-year period.
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PacBio Q4 rev $58.4M (+113% YoY) but GAAP gross margin drops to 16%; FY rev $200.5M
Q4 revenue $58.4M (+113% YoY); instrument revenue $35.1M vs $6.1M YoY.
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PacBio reports record preliminary Q4 revenue $58.4M, up 113% YoY; Revio installed base 173
Preliminary full year 2023 revenue $200.5M, up 56% YoY; Q4 revenue $58.4M (+113% YoY).
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Director David Botstein resigns from Pacific Biosciences board effective Dec 7, 2023
David Botstein notified the board of his resignation, effective December 7, 2023.
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PacBio Q3 revenue $55.7M (+72% YoY); net loss narrows to $66.9M
Revenue $55.7M, up 72% YoY; instrument revenue $34.7M from 52 Revio systems (prior year $11.4M).
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Pacific Biosciences appoints David Meline to Audit Committee
Board appointed David Meline to Audit Committee, effective October 24, 2023.
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PacBio appoints former Moderna CFO David Meline to board of directors
David Meline appointed as Class II director effective October 13, 2023, term expiring at 2024 annual meeting.
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Pacific Biosciences to issue ~8.9M shares and $101M cash for Omniome milestone
On Sep 20, 2023, PacBio achieved a commercial milestone under the Omniome merger agreement.
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PacBio Q2 revenue $47.6M (+34% YoY); acquires Apton for up to $110M; Onso shipments start
Q2 revenue $47.6M (+34% YoY); Revio drove record revenue with 45 systems shipped.
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Pacific Biosciences exchanges $441M of 2028 notes for new 1.375% 2030 convertible notes
Issued $441M principal of 1.375% Convertible Senior Notes due 2030 in exchange for $441M of 1.50% 2028 Notes.
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PacBio exchanges $441M of 1.50% 2028 notes for $441M of 1.375% 2030 notes with Chimera
Exchanged $441M of 1.50% 2028 Convertible Notes for $441M of new 1.375% 2030 Convertible Notes with Chimera Investment LLC.
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Pacific Biosciences stockholders reject classified board retention in advisory vote
Elected Class I directors Henry, Milligan, Shapiro with >178M votes each for three-year terms.
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PacBio reports record Q1 revenue $38.9M (+17% YoY) but net loss widens to $88.0M
Q1 revenue $38.9M (+17% YoY); net loss $88.0M ($0.36 loss per share) vs $81.5M loss prior year.
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PacBio Q4 revenue down 24% YoY to $27.4M; net loss $84.4M; record Revio orders
Q4 2022 GAAP net loss $84.4M ($0.37 EPS) vs $69.3M loss ($0.31 EPS) a year ago.
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PacBio prices 17.5M-share offering at $10/shr; expected net proceeds ~$189.2M
Sold 17.5M shares plus full exercise of underwriter option for 2.625M additional shares at $10.00 per share.
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PacBio announces $150M public stock offering to fund R&D, commercial expansion
Proposed offering of $150M common stock; underwriters have 30-day option for additional $22.5M.
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PacBio reports Q4 preliminary revenue $27.3M (-24% YoY); received orders for 76 Revio systems
Q4 2022 preliminary revenue $27.3M, down 24% from $36.0M in Q4 2021.
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PacBio Q3 2022 revenue down 7% YoY to $32.3M; net loss $77M; withdraws guidance; launches Revio and Onso systems
Revenue $32.3M (down 7% YoY); instrument revenue $11.4M (down 28%); consumables revenue $16.1M (up 10%).