Rapid Micro Biosystems slumps to record low after forecast cut

Rapid Micro Biosystems

10/01/2022 18:25

** Shares of life sciences tech firm  RPID.O  fall as much
as 30% to hit a record low of $6.39 
    ** Late on Friday, RPID cut full-year 2021 commercial
revenue forecast to between $21.3 mln and $21.7 mln, from at
least $24 mln  urn:newsml:reuters.com:*:nGNX28b5m5
    ** Co forecast Q4 total revenue between $4.7 mln and $5.2
mln
    ** Up to last close, stock down ~50% since IPO in July last
year 

 (Reporting by Chavi Mehta in Bengaluru)
 ((Chavi.Mehta@thomsonreuters.com;))