Pacific Biosciences of California(PACB) - 2024 Q1 - Quarterly Results

PacBio Announces First Quarter 2024 Financial Results MENLO PARK, Calif. – May 9, 2024 /PRNewswire/ – PacBio (NASDAQ: PACB) today announced financial results for the quarter ended March 31, 2024. First quarter results: Gross profit for the first quarter of 2024 was $11.3 million, representing a 16% increase compared with$ 9.8 million for the first quarter of 2023 and a gross margin of 29% in the first quarter of 2024 compared to 25% for the first quarter of 2023. Operating expenses totaled $92.6 million for ...