RAPID MICRO BIOSYSTEMS, INC. (RPID) announced Loss for first quarter that decreased from last year and beat the Street estimates.
The company's earnings came in at -$11.26 million, or -$0.26 per share. This compares with -$13.32 million, or -$0.31 per share, last year.
Analysts on average had expected the company to earn -$0.27 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 28.5% to $7.21 million from $5.61 million last year.
RAPID MICRO BIOSYSTEMS, INC. earnings at a glance (GAAP) :
-Earnings: -$11.26 Mln. vs. -$13.32 Mln. last year.
-EPS: -$0.26 vs. -$0.31 last year.
-Revenue: $7.21 Mln vs. $5.61 Mln last year.
-Guidance:
Full year revenue guidance: $32.0 Mln
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