Pacific Biosciences of California Inc. reported an increase in total revenue for the second quarter of 2025, reaching 39,766, driven by higher product and service revenues compared to the same period last year. The company highlighted a strategic focus on long-read innovation as part of its restructuring initiatives, influencing cash flow timing and amounts. This refocus aims to position PacBio as a leader in the next chapter of genomic medicine. Additionally, the company recorded a goodwill impairment charge in the previous year's second quarter due to a sustained decrease in its share price.
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