Exhibit 99.2
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Condensed Consolidated Statements of Operations and Comprehensive Loss
(Unaudited)
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| Three-Month Periods Ended March 31, | ||||
(in thousands, except per share amounts) | 2014 |
| 2013 | ||
Revenue: |
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Product revenue | $ | 7,865 |
| $ | 3,833 |
Service and other revenue |
| 2,081 |
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| 1,745 |
Contractual revenue |
| 1,696 |
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| — |
Total revenue |
| 11,642 |
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| 5,578 |
Cost of Revenue: |
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Cost of product revenue |
| 7,169 |
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| 3,200 |
Cost of service and other revenue |
| 1,797 |
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| 1,448 |
Total cost of revenue |
| 8,966 |
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| 4,648 |
Gross profit |
| 2,676 |
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| 930 |
Operating Expense: |
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Research and development |
| 11,771 |
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| 11,983 |
Sales, general and administrative |
| 9,150 |
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| 9,554 |
Total operating expense |
| 20,921 |
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| 21,537 |
Operating loss |
| (18,245) |
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| (20,607) |
Interest expense |
| (686) |
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| (426) |
Other income (expense), net |
| 45 |
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| (71) |
Net loss |
| (18,886) |
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| (21,104) |
Other comprehensive income (loss): |
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Unrealized gain (loss) on investments |
| 4 |
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| (19) |
Comprehensive loss | $ | (18,882) |
| $ | (21,123) |
Net loss per share: |
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Basic and diluted net loss per share | $ | (0.28) |
| $ | (0.37) |
Shares used in computing basic and diluted net loss per share |
| 67,861 |
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| 57,372 |