Picture of Rapid Micro Biosystems logo

RPID — Rapid Micro Biosystems News Story

0.000.00%
us flag iconLast trade - 00:00
HealthcareAdventurousMicro CapSucker Stock

Rapid Micro Biosystems Q2 revenue up 10%, beats estimates

Overview

Rapid Micro Biosystems Q2 revenue grows 10%, beating analyst expectations

Net loss for Q2 was $11.9 mln, missing analyst estimates

Co enters $45 mln loan facility to strengthen financial position

Outlook

Company reaffirms full-year 2025 revenue guidance of at least $32 mln

Company expects new loan facility to support long-term growth

Rapid Micro Biosystems aims for positive cash flow in 2025

Company focuses on revenue growth and gross margin expansion

Result Drivers

SERVICE REVENUE - Service revenue grew by 18%, contributing significantly to overall revenue growth

PRODUCT REVENUE - Product revenue increased by 6%, led by mid-teens growth in consumables

GROSS MARGIN IMPROVEMENT - Gross margin improved by seven percentage points, indicating better cost management

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueBeat$7.30 mln$7.03 mln (3 Analysts)
Q2 EPS-$0.27
Q2 Net IncomeMiss-$11.90 mln-$11.10 mln (3 Analysts)
Q2 Operating Expenses$12.40 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the advanced medical equipment & technology peer group is "buy" Wall Street's median 12-month price target for Rapid Micro Biosystems Inc is $8.00, about 59.3% above its August 11 closing price of $3.26 Press Release: ID:nGNX80v8c6 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Rapid Micro Biosystems

See all news