Company: RPID
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001380106-25-000102
Chunk: 300

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 300
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 income from investments. 

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 months ended March 31, 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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Table of Contents

Results of operations

Comparison of the three months ended March 31, 2025 and 2024

The following table summarizes our results of operations for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31,Change20252024Amount%(in thousands)Revenue:Product revenue$4,101 $3,713 $388 10.4 %Service revenue3,104 1,898 1,206 63.5 %Total revenue7,205 5,611 1,594 28.4 %Costs and operating expenses:Cost of product revenue5,029 5,173 (144)(2.8)%Cost of service revenue1,772 1,961 (189)(9.6)%Research and development3,624 3,842 (218)(5.7)%Sales and marketing2,751 3,281 (530)(16.2)%General and administrative5,690 5,627 63 1.1 %Total costs and operating expenses18,866 19,884 (1,018)(5.1)%Loss from operations(11,661)(14,273)2,612 (18.3)%Other income (expense):Interest income, net466 983 (517)(52.6)%Other expense, net(61)(29)(32)110.3 %Total other income (expense), net405 954 (549)(57.5)%Loss before income taxes(11,256)(13,319)2,063 (15.5)%Income tax expense7 3 4 133.3 %Net loss$(11,263)$(13,322)$2,059 (15.5)%

Revenue

Product revenue increased by $0.4 million, or 10.4%, with the increase attributable to higher consumable volumes and other system-related revenue partially