Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 333

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 333
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 revenue includes sales of systems, LIMS connection software, RMBNucleus Mold Alarm software, validation services, and field services, and typically contains multiple performance obligations. The Company considers these to be non-recurring revenues because customers typically place single purchase orders for a bundle of products and services on a one-time or infrequent basis. For these arrangements, significant judgment is applied in identifying the distinct performance obligations, determination of the transaction price, transaction price allocation, and determination of standalone selling price for each of the distinct performance obligations.  The following table presents the Company’s revenue by the recurring or non-recurring nature of the revenue stream (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Product and service revenue — recurring$4,419 $3,844 $8,388 $7,588 Product and service revenue — non-recurring2,843 2,774 6,079 4,641 Total revenue$7,262 $6,618 $14,467 $12,229 The following table presents the Company’s revenue by customer geography (in thousands):Three Months Ended June 30,Six Months Ended June 30,2025202420252024United States$2,363 $2,661 $4,389 $4,810 Switzerland1,637 1,604 3,117 2,575 Germany2,005 970 3,314 1,434 Japan296 372 1,421 1,172 All other countries961 1,011 2,226 2,238 Total revenue$7,262 $6,618 $14,467 $12,229 

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Advertising costsAdvertising costs are expensed as incurred and are included in sales and marketing expenses in the condensed consolidated statements of operations. Advertising costs were less than $0.1 million during each of the three and six months ended June 30, 2025 and 2024.  Stock-based compensationThe Company measures all stock-based awards granted to employees, officers and directors based on their fair value on the date of the grant and recognizes compensation expense for those awards over the requisite service period, which is generally the vesting period of the respective award. The Company issues stock-based awards with (i) service-based vesting conditions only and (ii) stock-based awards with both service-based and Company performance vesting conditions,