Rapid Micro Biosystems (RPID) to Release Earnings on Friday

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

Rapid Micro Biosystems (NASDAQ:RPID) last posted its quarterly earnings results on Friday, March 1st. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. The business had revenue of $6.34 million for the quarter, compared to the consensus estimate of $6.30 million. Rapid Micro Biosystems had a negative return on equity of 39.02% and a negative net margin of 232.99%. During the same period in the prior year, the business earned ($0.39) EPS. 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 Up 2.1 %

Shares of Rapid Micro Biosystems stock opened at $0.95 on Friday. The company has a market cap of $40.38 million, a PE ratio of -0.78 and a beta of 1.25. Rapid Micro Biosystems has a 52 week low of $0.74 and a 52 week high of $1.19. The business has a 50 day moving average price of $0.97 and a 200-day moving average price of $0.99.

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.