Research Notes and Commentary for PACB. “The company’s current infrastructure was staffed to support a faster adoption rate for its products,” the company said in its SEC filing, adding that it also expected the layoffs to improve service, continue product improvements and conserve cash. Based on Pacific Biosciences of California Inc. (PACB), the company’s capital structure generated 112.30 points at debt to equity in total, while total debt to capital is 52.90. January 19, 2021 Illumina had a small round of layoffs in September after slashing its full-year guidance in July. The Menlo Park developer of gene sequencing equipment (NASDAQ: PACB) said in a filing with the Securities and Exchange Commission the move was “in consideration of uncertainties associated with the economic environment” and designed to conserve cash. MENLO PARK, Calif., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Pacific Biosciences of California, Inc. (the “Company”) (NASDAQ: PACB), a leading provider of high-quality sequencing platforms, today announced unaudited preliminary revenue of approximately $27 million for its fourth quarter ended December 31, The company last month reported a net loss of $57.3 million, or $1.08 per share, on revenue of $10.9 million in the first six months of the year. Sign up for free newsletters and get more CNBC delivered to your inbox. Find out what works well at Pacific Biosciences from the people who know best. Pacific Biosciences of California Inc. said Tuesday it is planning to reduce its headcount by 130 employees. Those companies are developing faster sequencing machines as the price of the technology drops, allowing researchers and molecular diagnostics companies to work more quickly for a lower cost. Hedge Funds Are Selling Pacific Biosciences of California, Inc. | PacBio develops comprehensive solutions for scientists that propel the field of genomics, improve science and research, and create positive impact globally. Data is a real-time snapshot *Data is delayed at least 15 minutes. Illumina is a major player in the nascent gene sequencing space, which involves analyzing the genome, and can among other uses, identify inherited disorders and markers of disease progression. Pacific Biosciences of California Inc is a biotechnology company. Compare pay for popular roles and read about the team’s work-life balance. Total debt to assets is 41.67, with long-term debt to equity ratio resting at 76.41. Pacific Biosciences updated their cover photo. We will achieve these goals by adhering to and maintaining an effective quality-management system designed to ensure product quality, performance, and safety. BOSTON (MarketWatch) -- Shares of Pacific Biosciences PACB, +10.88% dropped 20% to $4.50 on Wednesday, the day after it revealed in a regulatory filing that … Jump to. Total debt to assets is 41.67, with long-term debt to equity ratio resting at 76.41. The company’s innovative instruments are … Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The layoffs will largely occur this month, the company said. Gene sequencing company Illumina would pay Pacific Biosciences $98 million for the terminated deal, which was announced in 2018 and had attracted scrutiny from antitrust authorities in the United States and UK, both the companies said in a joint statement. 84.9% of Pacific Biosciences of California shares are held by institutional investors. Reduced colds … Pacific Biosciences of California is followed by the analysts listed above. They are making great advancement in the medical technology field with their DNA research. 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