Company: RPID
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001380106-25-000200
Chunk: 8

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 generating sufficient revenues to cover the costs of producing and delivering our products and services. In order to further grow our gross margins, we are actively targeting numerous areas including:

•Reducing system and consumable product costs (materials and labor) through activities including strategic sourcing and product redesign; 

•Increasing product manufacturing efficiency through activities including increased throughput on our automated consumables manufacturing line and manufacturing process optimization;

•Increasing productivity and efficiency in our service organization;

•Increasing achieved pricing of our existing products and services; and

•Introducing and expanding new, higher margin products and services.

At the same time, we also expect future revenues from both products and services to grow at rates significantly higher than the related costs to provide and support those products and services.  As a result, we also expect increasing revenues from both products and services to contribute significantly to future gross margin expansion. While we expect gross margins to continue to trend positively in the future, expansion in gross margins in future periods may not be linear and may be subject to variability from period to period.

Key business metrics

We regularly review the following key business metrics to evaluate our business, measure our performance, identify trends affecting our business, formulate financial projections and make strategic decisions. We believe that the following metrics are representative of our current business; however, we anticipate these may change or be substituted for additional or different metrics as our business grows and evolves.

Three Months Ended September 30,Change20252024Amount%(dollars in thousands)Systems placed:Systems placed in period57(2)(28.6)%Cumulative systems placed1741561811.5 %Systems validated:Systems validated in period440— %Cumulative systems validated1521331914.3 %Product and service revenue — total$7,838 $7,604 $234 3.1 %Product and service revenue — recurring$4,839 $3,675 $1,164 31.7 %

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Nine Months Ended September 30,Change20252024Amount%(dollars in thousands)Systems placed:Systems placed in period1215(3)(20.0)%Cumulative systems placed1741561811.5 %Systems validated:Systems validated in period1512325.0 %Cumulative systems validated1521331914.3 %Product and service revenue — total$22,305 $19,833 $2,472 12.5 %Product and service revenue — recurring$13,226 $11,262