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 |
| Nine-Month Periods Ended | ||||||||
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| September 30, |
| September 30, | ||||||||
(in thousands, except per share amounts) |
| 2014 |
| 2013 |
| 2014 |
| 2013 | ||||
Revenue: |
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Product revenue |
| $ | 6,762 |
| $ | 5,814 |
| $ | 22,376 |
| $ | 14,248 |
Service and other revenue |
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| 2,165 |
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| 1,607 |
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| 6,226 |
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| 4,800 |
Contractual revenue |
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| 11,696 |
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| — |
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| 15,088 |
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| — |
Total revenue |
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| 20,623 |
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| 7,421 |
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| 43,690 |
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| 19,048 |
Cost of Revenue: |
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Cost of product revenue |
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| 5,608 |
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| 4,616 |
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| 19,048 |
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| 11,138 |
Cost of service and other revenue |
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| 1,853 |
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| 1,564 |
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| 5,678 |
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| 4,680 |
Total cost of revenue |
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| 7,461 |
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| 6,180 |
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| 24,726 |
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| 15,818 |
Gross profit |
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| 13,162 |
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| 1,241 |
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| 18,964 |
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| 3,230 |
Operating Expense: |
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Research and development |
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| 11,693 |
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| 10,419 |
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| 35,899 |
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| 34,084 |
Sales, general and administrative |
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| 9,882 |
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| 10,757 |
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| 28,025 |
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| 29,685 |
Total operating expense |
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| 21,575 |
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| 21,176 |
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| 63,924 |
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| 63,769 |
Operating loss |
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| (8,413) |
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| (19,935) |
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| (44,960) |
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| (60,539) |
Interest expense |
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| (716) |
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| (686) |
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| (2,103) |
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| (1,785) |
Other income (expense), net |
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| (34) |
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| 134 |
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| (122) |
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| 262 |
Net loss |
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| (9,163) |
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| (20,487) |
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| (47,185) |
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| (62,062) |
Other comprehensive income (loss): |
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Unrealized gain (loss) on investments |
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| (19) |
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| 13 |
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| 9 |
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| (19) |
Comprehensive loss |
| $ | (9,182) |
| $ | (20,474) |
| $ | (47,176) |
| $ | (62,081) |
Net loss per share: |
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Basic and diluted net loss per share |
| $ | (0.13) |
| $ | (0.31) |
| $ | (0.68) |
| $ | (1.01) |
Shares used in computing basic and diluted net loss per share |
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| 70,740 |
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| 65,523 |
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| 69,716 |
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| 61,636 |