Rapid Micro Biosystems (RPID) Set to Announce Quarterly Earnings on Friday

Rapid Micro Biosystems (NASDAQ:RPID) is scheduled to be posting its quarterly earnings results before the market opens on Friday, May 3rd. Analysts expect Rapid Micro Biosystems to post earnings of ($0.28) per share for the quarter. Rapid Micro Biosystems has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Rapid Micro Biosystems (NASDAQ:RPID) last released its earnings results on Friday, March 1st. The company reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.05. Rapid Micro Biosystems had a negative net margin of 232.99% and a negative return on equity of 39.02%. The firm had revenue of $6.34 million during the quarter, compared to the consensus estimate of $6.30 million. During the same period in the previous year, the firm earned ($0.39) earnings per share. On average, analysts expect Rapid Micro Biosystems to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Rapid Micro Biosystems Stock Performance

Rapid Micro Biosystems stock opened at $0.95 on Friday. Rapid Micro Biosystems has a 1 year low of $0.74 and a 1 year high of $1.19. The firm has a 50 day moving average price of $0.97 and a 200 day moving average price of $0.99. The company has a market cap of $40.38 million, a price-to-earnings ratio of -0.78 and a beta of 1.25.

Rapid Micro Biosystems Company Profile

Rapid Micro Biosystems, Inc, a life sciences technology company, provides products for the detection of microbial contamination in the manufacture of pharmaceutical, medical devices, and personal care products in the United States, Germany, Switzerland, Japan, and internationally. The company offers Growth Direct platform, which includes Growth Direct system, proprietary consumables, lab information management system connection software, and customer support and validation services.