Full Press Release Details
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
Condensed Consolidated Balance
| (in thousands except per share amounts) | March 31, 2013 | December 31, 2012 | ||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 53,038 | $ | 46,540 | ||||
| Investments | 59,267 | 54,040 | ||||||
| Accounts receivable | 2,009 | 2,822 | ||||||
| Inventory, net | 10,597 | 9,592 | ||||||
| Prepaid expenses and other current assets | 1,570 | 2,006 | ||||||
| Total current assets | 126,481 | 115,000 | ||||||
| Property and equipment, net | 12,779 | 14,329 | ||||||
| Other long-term assets | 514 | 354 | ||||||
| Total assets | $ | 139,774 | $ | 129,683 | ||||
| Liabilities and Stockholders Equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 3,011 | $ | 2,988 | ||||
| Accrued expenses and other current liabilities | 7,425 | 8,204 | ||||||
| Deferred revenue, current | 2,961 | 3,378 | ||||||
| Facility financing obligation, current | 182 | 173 | ||||||
| Total current liabilities | 13,579 | 14,743 | ||||||
| Deferred revenue, non-current | 794 | 800 | ||||||
| Deferred rent and other long-term liabilities | 1,895 | 2,145 | ||||||
| Notes payable, non-current | 12,851 | |||||||
| Financing derivative | 999 | |||||||
| Facility financing obligation, non-current | 2,565 | 2,613 | ||||||
| Total liabilities | 32,683 | 20,301 | ||||||
| Stockholders equity | ||||||||
| Preferred Stock, $0.001 par value: Authorized 50,000 shares; No shares issued or outstanding at March 31, 2013 and December 31, 2012 | ||||||||
| Common Stock and additional paid-in-capital, $0.001 par value: Authorized 1,000,000 shares; Issued and outstanding 60,824 shares at March 31, 2013 and 56,170 shares at December 31, 2012 | 664,204 | 645,372 | ||||||
| Accumulated other comprehensive income | 11 | 30 | ||||||
| Accumulated deficit | (557,124 | ) | (536,020 | ) | ||||
| Total stockholders equity | 107,091 | 109,382 | ||||||
| Total liabilities and stockholders equity | $ | 139,774 | $ | 129,683 |