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Rapid Micro Biosystems, Inc. Class A (RPID)
:RPID
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Earnings Data
Report Date
Feb 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.23Last Year’s EPS
-0.26Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2021
|% Change Since: 13.89%
|Next Earnings Date:Aug 26, 2021
Earnings Call Sentiment|Positive
The earnings call presented a largely positive outlook with record revenue and strong system placements, along with significant improvements in gross margins and operational efficiency. Despite ongoing market headwinds and a net loss, the company's strategic initiatives and positive customer engagement indicate a strong position for future growth.Company Guidance
During the Rapid Micro Biosystems third quarter 2024 earnings call, the company provided several key metrics and guidance for the year. The total revenue for Q3 increased by 24% to $7.6 million, marking a quarterly revenue record and the eighth consecutive quarter exceeding guidance. The company reaffirmed its full-year 2024 revenue outlook of at least $27 million, expecting to place at least 20 Growth Direct systems. In Q3, 7 systems were placed, bringing the total to 15 for the year. Gross margins showed a significant improvement, with a 35 percentage point increase year-over-year, resulting in positive 8% gross margins. The company continues to focus on achieving positive cash flow by the end of 2027 without additional financing. Operating expenses for the full year are projected to be between $50 million and $51 million, with a cash burn of approximately $40 million. The company also highlighted its strategic progress with major pharma customers and anticipated further deployments of the Growth Direct system, underscoring its position as an industry standard.Record Quarterly Revenue
Third quarter total revenue increased 24% to $7.6 million, marking a quarterly revenue record for the company and the eighth consecutive quarter of exceeding guidance.
Strong System Placements
Placed 7 Growth Direct systems across North America, Europe, and Asia Pacific, marking the strongest placement quarter since Q3 2021.
Improved Gross Margins
Achieved a 35 percentage point improvement in gross margins year-over-year, resulting in positive 8% gross margins for the third quarter.
Positive Customer Engagement
Received a multisystem order from a top 20 pharma customer for a global rollout, highlighting the success of the land and expand commercial strategy.
Operational Efficiency
On track to achieve positive cash flow by the end of 2027 without additional financing, with ongoing efforts to reduce product costs and enhance manufacturing efficiencies.
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RPID Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RPID Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $1.08 | $1.10 | +1.85% |
| Aug 02, 2024 | $0.68 | $0.80 | +17.65% |
| May 03, 2024 | $0.99 | $0.89 | -10.10% |
| Mar 01, 2024 | $1.10 | $0.98 | -10.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rapid Micro Biosystems, Inc. Class A (RPID) report earnings?
Rapid Micro Biosystems, Inc. Class A (RPID) is schdueled to report earning on Feb 28, 2025, TBA Not Confirmed.
What is Rapid Micro Biosystems, Inc. Class A (RPID) earnings time?
Rapid Micro Biosystems, Inc. Class A (RPID) earnings time is at Feb 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RPID EPS forecast?
RPID EPS forecast for the fiscal quarter 2024 (Q4) is -0.23.
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