PACIFIC BIOSCIENCES OF CALIFORNIA, INC. - FORM 8-K - EX-99.2 - February 4, 2014

Attached files

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8-K - 8-K - PACIFIC BIOSCIENCES OF CALIFORNIA, INC.d667958d8k.htm
EX-99.3 - EX-99.3 - PACIFIC BIOSCIENCES OF CALIFORNIA, INC.d667958dex993.htm
EX-99.1 - EX-99.1 - PACIFIC BIOSCIENCES OF CALIFORNIA, INC.d667958dex991.htm

Exhibit 99.2

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

 

     Years ended December 31,  
(in thousands, except per share amounts)    2013     2012     2011  

Revenue:

       

Product revenue

    $ 20,039      $ 20,089      $ 31,486   

Service and other revenue

      6,446        5,894        2,377   

Revenue from development agreement

      1,696        —          —     
  

 

 

    

 

 

    

 

 

  

Total revenue

      28,181        25,983        33,863   

Cost of Revenue:

       

Cost of product revenue

      15,706        18,796        18,725   

Cost of service and other revenue

      6,056        6,247        2,104   
  

 

 

    

 

 

    

 

 

  

Total cost of revenue

      21,762        25,043        20,829   
  

 

 

    

 

 

    

 

 

  

Gross profit

      6,419        940        13,034   

Operating Expense:

       

Research and development

      45,217        47,623        76,080   

Sales, general and administrative

      38,745        47,655        46,710   
  

 

 

    

 

 

    

 

 

  

Total operating expense

      83,962        95,278        122,790   

Operating loss

      (77,543 )      (94,338 )      (109,756 ) 

Interest expense

      (2,478 )      (274 )      (287 ) 

Other income, net

      728        147        655   
  

 

 

    

 

 

    

 

 

  

Net loss

      (79,293 )      (94,465 )      (109,388 ) 

Other comprehensive income (loss):

       

Unrealized gain (loss) on investments

      (16 )      (27 )      78   
  

 

 

    

 

 

    

 

 

  

Comprehensive loss

    $ (79,309 )    $ (94,492 )    $ (109,310 ) 
  

 

 

    

 

 

    

 

 

  

Net loss per share:

       

Basic and diluted net loss per share

    $ (1.26 )    $ (1.69 )    $ (2.03 ) 
  

 

 

    

 

 

    

 

 

  

Shares used in computing basic and diluted net loss per share

      62,784        55,733        53,874   
  

 

 

    

 

 

    

 

 

  

PACIFIC BIOSCIENCES OF CALIFORNIA, INC. Reports