Company: RPID
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001380106-25-000200
Chunk: 251

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 251
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 consist primarily of salaries, bonuses and other personnel costs including stock-based compensation expense for our executive, finance, legal, human resources and general management employees, as well as director and officer insurance costs and professional fees for legal, patent, accounting, audit, investor relations, recruiting, consulting, regulatory, compliance, board of directors' fees and other services. General and administrative expenses also include direct and allocated information technology and facility-related costs. For future periods, we expect these expenses to increase or decrease, as applicable, commensurate with the size, scope and complexity of our general and administrative functions. 

Other income (expense)

Interest income

Interest income is comprised primarily of interest income from cash equivalents and investments. 

Interest expense

              Interest expense is comprised primarily of expense incurred from long-term debt and leases.

Other expense, net

Other expense, net, primarily consists of other miscellaneous income and expense unrelated to our core operations.

Income tax expense 

We generated significant taxable losses during each of the three and nine months ended September 30, 2025 and 2024 and, therefore, have not recorded any U.S. federal or state income tax expense during those periods. However, we did record an immaterial amount of foreign income tax expense during each of those periods.

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Results of operations

Comparison of the three months ended September 30, 2025 and 2024

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

Three Months Ended September 30,Change20252024Amount%(in thousands)Revenue:Product revenue$5,214 $5,255 $(41)(0.8)%Service revenue2,624 2,349 275 11.7 %Total revenue7,838 7,604 234 3.1 %Costs and operating expenses:Cost of product revenue5,563 5,314 249 4.7 %Cost of service revenue1,579 1,668 (89)(5.3)%Research and development3,529 3,609 (80)(2.2)%Sales and marketing2,895 3,376 (481)(14.2)%General and administrative5,644 5,676 (32)(0.6)%Total costs and operating expenses19,210 19,643 (433)(2.2)%Loss from operations(11,372)(12,039)667 (5.5