This article has been updated to include comments from PacBio management made during a conference call.

NEW YORK (GenomeWeb) – Pacific Biosciences reported after the close of the market Tuesday that its first quarter 2015 revenues climbed 52 percent.

The Menlo Park, California-based single-molecule sequencing technologies firm reported Q1 revenues of $17.6 million compared to $11.6 million in Q1 2014. It beat the consensus Wall Street estimate of $13.7 million.

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