In This Article:
Pacific Biosciences of California (NASDAQ:PACB) Full Year 2024 Results
Key Financial Results
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Revenue: US$154.0m (down 23% from FY 2023).
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Net loss: US$308.7m (flat on FY 2023).
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US$1.12 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Pacific Biosciences of California EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%.
In the last 12 months, the only revenue segment was Integrated Platform for Genetic Analysis contributing US$154.0m. Notably, cost of sales worth US$106.3m amounted to 69% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$175.0m (49% of total expenses). Explore how PACB's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are up 19% from a week ago.
Risk Analysis
Be aware that Pacific Biosciences of California is showing 3 warning signs in our investment analysis that you should know about...
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