EX-99.2 3 d524472dex992.htm EX-99.2 EX-99.2

Exhibit 99.2

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

Condensed Consolidated Statements of Operations and Comprehensive Loss

(Unaudited)

 

     Three-Month Periods Ended  

(in thousands, except per share amounts)

   March 31,
2013
    March 31,
2012
 

Revenue:

    

Product revenue

   $ 3,833      $ 8,715   

Service and other revenue

     1,475        1,053   

Grant revenue

     270        270   
  

 

 

   

 

 

 

Total revenue

     5,578        10,038   
  

 

 

   

 

 

 

Cost of Revenue:

    

Cost of product revenue

     3,200        8,607   

Cost of service and other revenue

     1,448        1,583   
  

 

 

   

 

 

 

Total cost of revenue

     4,648        10,190   
  

 

 

   

 

 

 

Gross profit (loss)

     930        (152
  

 

 

   

 

 

 

Operating Expense:

    

Research and development

     11,983        12,073   

Sales, general and administrative

     9,554        15,285   
  

 

 

   

 

 

 

Total operating expense

     21,537        27,358   
  

 

 

   

 

 

 

Operating loss

     (20,607     (27,510

Other income (expense), net

     (497     (70
  

 

 

   

 

 

 

Net loss

   $ (21,104   $ (27,580
  

 

 

   

 

 

 

Other comprehensive income (loss):

    

Unrealized gain (loss) on investments

     (19     78   
  

 

 

   

 

 

 

Comprehensive loss

   $ (21,123   $ (27,502
  

 

 

   

 

 

 

Net loss per share:

    

Basic and diluted net loss per share

   $ (0.37   $ (0.50
  

 

 

   

 

 

 

Shares used in computing basic and diluted net loss per share

     57,372        55,201