2024-02-12 13:06:08 ET
- PacBio has reported strong financial performance, with a 113% growth in Q4 revenue and a 56% growth for the year.
- The launch of the Revio and Onso products has contributed to PacBio's growth and expansion in the genomic research market.
- However, the company faces challenges with substantial cash burn and significant debt levels, which may impact its financial health and ability to refinance.
I've been covering Pacific Biosciences ( PACB ) for some time now. The core thesis previously put forth centered on the company's capacity to effectively scale its HiFi long reads products and services. By this measure, PacBio has shown a degree of proficiency....
For further details see:Why Is Pacific Biosciences' Price Action So Bad? (Downgrade)