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Rapid Micro Biosystems reports Q1 EPS (31c), consensus (29c)

Reports Q1 revenue $5.611M vs $5.035M last year. “We are pleased to report a solid start to 2024,” said Robert Spignesi, President and CEO. “First quarter revenues exceeded our guidance and we achieved a new record in consumable revenue in the period. We remain focused on accelerating Growth Direct system placements, improving gross margins and driving the business to profitability. We are reaffirming our full year 2024 total revenue guidance as we look forward to the mid-year launch of our innovative Growth Direct Rapid Sterility platform.”

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