Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 249

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 249
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%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, or 11.5%. The decrease was primarily attributable to lower service headcount and headcount-related costs.

Research and development

Three Months Ended June 30,Change20252024Amount%(dollars in thousands)Research and development$3,230 $3,744 $(514)(13.7)%Percentage of total revenue44.5 %56.6 %

Research and development expenses decreased by $0.5 million, or 13.7%. This decrease was primarily driven by engineering and development work related to our sterility application incurred during the prior year period that did not recur in the current year period.

Sales and marketing

Three Months Ended June 30,Change20252024Amount%(dollars in thousands)Sales and marketing$3,114 $3,627 $(513)(14.1)%Percentage of total revenue42.9 %54.8 %

Sales and marketing expenses decreased by $0.5 million, or 14.1%. This decrease was primarily driven by lower headcount-related and third-party consulting costs. 

General and administrative

Three Months Ended June 30,Change20252024Amount%(dollars in thousands)General and administrative$6,079 $5,818 $261 4.5 %Percentage of total