Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 15

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 of operations for the three months ended June 30, 2025 and 2024:

Three Months Ended June 30,Change20252024Amount%(in thousands)Revenue:Product revenue$4,802 $4,537 $265 5.8 %Service revenue2,460 2,081 379 18.2 %Total revenue7,262 6,618 644 9.7 %Costs and operating expenses:Cost of product revenue5,315 4,917 398 8.1 %Cost of service revenue1,672 1,890 (218)(11.5)%Research and development3,230 3,744 (514)(13.7)%Sales and marketing3,114 3,627 (513)(14.1)%General and administrative6,079 5,818 261 4.5 %Total costs and operating expenses19,410 19,996 (586)(2.9)%Loss from operations(12,148)(13,378)1,230 (9.2)%Other income (expense):Interest income, net351 838 (487)(58.1)%Other expense, net(50)(23)(27)117.4 %Total other income (expense), net301 815 (514)(63.1)%Loss before income taxes(11,847)(12,563)716 (5.7)%Income tax expense11 15 (4)(26.7)%Net loss$(11,858)$(12,578)$720 (5.7)%

38

Revenue

Product revenue increased by $0.3 million, or 5.8%, with the increase attributable to higher consumable volumes and other system-related revenue partially offset by one fewer system placement in the quarter.

Service revenue increased by $0.4 million, or 18.2%.  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 $0.4 million, or 8.1%. The increase was driven by higher consumables sales volume (net of the impact of one fewer system placement) as well as higher inventory reserves in the current year period.

Cost of service revenue decreased by $0.2 million,