Company: RPID
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001380106-25-000200
Chunk: 252

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 252
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)%Other income (expense):Interest income347 779 (432)(55.5)%Interest expense(393)(11)(382)3,472.7 %Other expense, net(79)(39)(40)102.6 %Total other income (expense), net(125)729 (854)(117.1)%Loss before income taxes(11,497)(11,310)(187)1.7 %Income tax expense8 13 (5)(38.5)%Net loss$(11,505)$(11,323)$(182)1.6 %

Revenue

Product revenue decreased by less than $0.1 million, or 0.8%, with the decrease attributable to two fewer system placements offset by higher consumable volumes and higher software revenue.

Service revenue increased by $0.3 million, or 11.7%.  The increase in service revenue was primarily due to higher revenue related to validations as well as service contract revenue due to an increase in the cumulative number of Growth Direct systems validated and under such contracts.

Costs and operating expenses

Costs of revenue

Cost of product revenue increased by $0.2 million, or 4.7%. The increase was driven by higher consumables sales volume, net of the impact of two fewer system placements.

Cost of service revenue decreased by $0.1 million, or 5.3%. The decrease was primarily attributable to lower service headcount and related costs due in part to productivity improvements.

44

Research and development

Three Months Ended September 30,Change20252024Amount%(dollars in thousands)Research and development$3,529 $3,609 $(80)(2.2)%Percentage of total revenue45.0 %47.5 %

Research and development expenses decreased by $0.1 million, or 2.2%. This decrease was primarily driven by reduction in headcount and was partially offset by increase in engineering and development work related to new product development activities.

Sales and marketing

Three Months Ended September 30,Change20252024Amount%(dollars in thousands)Sales and marketing$2,895 $3,376 $(481)(14.2)%Percentage of total revenue36.9 %44.4 %

Sales and marketing expenses decreased by $0.5 million, or 14.2%. This decrease was primarily driven by lower headcount-related and third-party consulting costs. 

General and administrative

Three Months Ended September 30