Pacific Biosciences Of California fourth-quarter loss widens on a YOY basis
Source: IRIS | 05 Feb, 2017, 03.34AM
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 Pacific Biosciences of California, Inc (PACB) saw its loss widen to $19.03 million, or $0.21 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $1.41 million, or $0.02 a share. Revenue during the quarter dropped 29.10 percent to $25.72 million from $36.28 million in the previous year period. Gross margin for the quarter contracted 2873 basis points over the previous year period to 44.22 percent. Operating margin for the quarter stood at negative 69.49 percent as compared to a negative 2.93 percent for the previous year period. Operating loss for the quarter was $17.87 million, compared with an operating loss of $1.06 million in the previous year period.
Debt moves up
Pacific Biosciences of California, Inc has witnessed an increase in total debt over the last one year. It stood at $16.11 million as on Dec. 31, 2016, up 7.75 percent or $1.16 million from $14.95 million on Dec. 31, 2015. Pacific Biosciences Of California has witnessed an increase in long-term debt over the last one year. It stood at $16.11 million as on Dec. 31, 2016, up 7.75 percent or $1.16 million from $14.95 million on Dec. 31, 2015. Total debt was 11.68 percent of total assets as on Dec. 31, 2016, compared with 11.40 percent on Dec. 31, 2015. Debt to equity ratio was at 0.19 as on Dec. 31, 2016, down from 0.20 as on Dec. 31, 2015. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
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