Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 368

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 368
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 by higher non-cash stock compensation expense. This increase was offset by lower public company operating costs. 

39

Other income (expense)

Interest income

Interest income, which is related to interest earned on our investments, decreased $0.5 million, or 58.1%, primarily as a result of lower investment balances during the three months ended June 30, 2025.

Other expense

Other expense, which is comprised of miscellaneous expenses unrelated to our core business, was flat for each of the three months ended June 30, 2025 and 2024. 

Income tax expense 

Income tax expense was less than $0.1 million for each of the three months ended June 30, 2025 and 2024. The expense in each period was attributable to income tax provisions related to our foreign subsidiaries.

Comparison of the six months ended June 30, 2025 and 2024

The following table summarizes our results of operations for the six months ended June 30, 2025 and 2024:

Six Months Ended June 30,Change20252024Amount%(dollars in thousands)Revenue:Product revenue$8,903 $8,250 $653 7.9 %Service revenue5,564 3,979 1,585 39.8 %Total revenue14,467 12,229 2,238 18.3 %Costs and operating expenses:Cost of product revenue10,344 10,090 254 2.5 %Cost of service revenue3,444 3,851 (407)(10.6)%Research and development6,854 7,586 (732)(9.6)%Sales and marketing5,865 6,908 (1,043)(15.1)%General and administrative11,769 11,445 324 2.8 %Total costs and operating expenses38,276 39,880 (1,604)(4.0)%Loss from operations(23,809)(27,651)3,842 (13.9)%Other income (expense):Interest income, net817 1,821 (1,004)(55.1)%Other (expense) income, net(111)(52)(59)113.5 %Total other income (expense), net706 1,769 (1,063)(60.1)%Loss before income taxes(23,103)(25,882)2