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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $7.30 mln | $7.03 mln (3 Analysts) |
Q2 EPS |
| -$0.27 |
|
Q2 Net Income | Miss | -$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