PacBio reported a 11% Q3 2024 revenue increase to $40 million, driven by new product launches including the upgraded Revio platform and the Vega benchtop sequencer. Despite a year-over-year revenue decrease, the company remains committed to becoming cash flow positive by 2026, supported by strategic partnerships and cost reductions. PacBio expects Q4 revenue to be flat to slightly up, with a full-year forecast below $170 million.