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Rapid Micro Biosystems sees Q4 revenue $6.2M-$6.4M, consensus $6.25M
The Fly

Rapid Micro Biosystems sees Q4 revenue $6.2M-$6.4M, consensus $6.25M

Select Fourth Quarter 2023 Highlights and Preliminary Unaudited Revenue: Placed six new Growth Direct systems; Growth Direct platform selected by Samsung Biologics to automate microbiology quality control testing; Growth Direct systems now placed with 100% of commercially approved CAR-T therapy manufacturers; Completed nine validations; Cash, cash equivalents and investments of approximately $95 million as of December 31, 2023; cash runway at least into the second half of 2026. The Company currently expects total revenue of between $6.2 million and $6.4 million in the fourth quarter of 2023, representing growth of approximately 45% compared to the prior-year period.

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