Rapid Micro Biosystems reports Q1 EPS (26c) vs (31c) last year

Reports Q1 revenue $7.205M, consensus $6.63M. “We delivered strong revenue growth of 28% in the first quarter, which included record quarterly service revenue,” said Robert Spignesi, President and CEO. “We also continued to make good progress against our initiatives focused on product cost reduction and manufacturing efficiency as well as service productivity, which helped drive significant gross margin expansion compared to the prior-year quarter.”