Pacific Biosciences of California Inc. (NASDAQ: PACB) is a biotechnology company that designs, develops, and commercializes a variety of tools for biological research.
Specifically, the company develops next generation DNA-sequencing systems to assist in resolving complex genetical problems.
PacBio’s DNA-sequence systems provide access to a wide range of applications that are designed to improve the accuracy and preciseness of the human, animal, and plant DNAs they test.
The company’s latest sequencing system, known as the “Sequel II,” was released in October 2020 and runs an application called “SMRT Link,” which can assemble genomes with 99.999% accuracy.
As you can tell from the chart above, PACB was trading for $10.50 at the beginning of October 2020.
Since then, it has rocketed 321% higher to $44.20 per share.
That could very well have something to do with the earnings Sequel II is bringing in…
PacBio went from losing $84.1 million in fiscal 2019 to profiting $29.4 million in 2020.
In fact, last year was the company’s first full year with a profit.
And with a full year of the Sequel II in 2021, investors can reasonably expect those profits to continue…
If profits increase, Cathie Wood will likely keep PACB as a core holding in ARKG for the foreseeable future.
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