Rapid Micro Biosystems Q1 2023 Earnings Report

Rapid Micro Biosystems EPS Results

• Actual EPS: -$0.32
• Consensus EPS: -$0.36
• Beat/Miss: Beat by +$0.04
• One Year Ago EPS: N/A

Rapid Micro Biosystems Revenue Results

• Actual Revenue: $5.04 million
• Expected Revenue: $4.34 million
• Beat/Miss: Beat by +$700.00 thousand
• YoY Revenue Growth: N/A

Rapid Micro Biosystems Announcement Details

• Quarter: Q1 2023
• Date: 5/5/2023
• Time: N/A

Rapid Micro Biosystems (NASDAQ:RPID), a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services. Its platform automates and modernizes the manual microbial quality control (MQC) testing workflows for therapeutic modalities, such as biologics, vaccines, cell and gene therapies, and sterile injectables. The company also provides onsite technical training services. Its solutions are used in environmental monitoring, water, bioburden, and sterility release testing applications. In addition, the company offers RMBNucleus software for the Growth Direct system; RMBNucleus Mold Alarm signals at the first sign of mold detection; RMBNucleus Central Manager portal streamlines coordination of multiple instruments; and Growth Direct LIMS connection software. Rapid Micro Biosystems, Inc. was formerly known as Genomic Profiling Systems, Inc. and changed its name to Rapid Micro Biosystems, Inc. in January 2007. The company was incorporated in 2006 and is headquartered in Lowell, Massachusetts.