Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 366

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 366
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, regulatory, compliance, board of directors' fees and other services. General and administrative 

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expenses also include direct and allocated information technology and facility-related costs. For future periods, we expect these expenses to increase or decrease, as applicable, commensurate with the size, scope and complexity of our general and administrative functions. 

Other income (expense)

Interest income, net

Interest income, net is comprised primarily of interest 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 and six months ended June 30, 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.

Results of operations

Comparison of the three months ended June 30, 2025 and 2024

The following table summarizes our results 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