PacBio Cuts Outlook as SPRQ-Nx Transition Slows, Targets 2028 Cash-Flow Positivity
PacBio cut its outlook as the transition to its SPRQ-Nx chemistry slows, and set a target of reaching cash-flow positivity by 2028. The company reported second-quarter revenue of $39 million, comprising $20 million in consumables, $13 million in instrument and $6 million in services revenue.
Why it matters — PACB watchers would care because the lowered guidance and slower SPRQ-Nx transition signal near-term headwinds, while the 2028 cash-flow target offers a longer-term financial milestone for the company.