Company: RPID
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001380106-25-000102
Chunk: 316

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 316
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,783 $38 $— $33,821 

5. Inventory

Inventory consisted of the following (in thousands):March 31,December 31,20252024Raw materials$10,355 $10,560 Work in process733 372 Finished goods9,634 9,268 Total$20,722 $20,200 Raw materials, work in process and finished goods were net of adjustments to net realizable value of $0.7 million and $0.6 million as of March 31, 2025 and December 31, 2024, respectively.

6. Prepaid expenses and other current assets

Prepaid expenses and other current assets consisted of the following (in thousands):March 31,December 31,20252024Prepaid insurance$535 $838 Contract asset6 6 Deposits349 489 Prepaid financing fees290 290 Other1,089 843 $2,269 $2,466 

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Table of Contents

7. Property and equipment, net

Property and equipment, net consisted of the following (in thousands):March 31,December 31,20252024Manufacturing and laboratory equipment$14,833 $14,457 Computer hardware and software1,847 1,847 Office furniture and fixtures682 638 Leasehold improvements9,378 9,178 Construction-in-process1,072 1,594 27,812 27,714 Less: Accumulated depreciation(17,249)(16,521)$10,563 $11,193 Depreciation and amortization expense related to property and equipment was $0.7 million for each of the three months ended March 31, 2025 and 2024.

8. Accrued expenses and other current liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):March 31,December 31,20252024Accrued employee compensation and benefits expense$2,516 $4,464 Accrued vendor expenses1,598 1,846 Accrued warranty expense520 520 Accrued taxes250 235 Other150 152 $5,034 $7,217 

9. Common stock and common stock warrants

As of both March 31, 2025 and December 31, 2024, the Company’s restated