Rapid Micro Biosystems, Inc. (NASDAQ:RPID) Q2 2023 Earnings Call Transcript August 4, 2023 8:30 AM ET

Company Participants

Mike Beaulieu - Vice President of Investor Relations

Rob Spignesi - CEO, President and Director

Sean Wirtjes - Chief Financial Officer

Conference Call Participants

Yuko Oku - Morgan Stanley

Dan Arias - Stifel

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Rapid Micro Biosystems' Q2 2023 Earnings Call. [Operator Instructions]

I would now like to turn the conference over to Mike Beaulieu. Please go ahead.

Mike Beaulieu

Good morning, and thank you for joining the Rapid Micro Biosystems' Second Quarter 2023 Earnings Call. Joining me on the call are Rob Spignesi, President and Chief Executive Officer; and Sean Wirtjes, Chief Financial Officer. Earlier today, we issued a press release announcing our second quarter 2023 financial results. A copy of the release is available on the company's website at rapidmicrobio.com under Investors in the News & Events section.

Before we begin, I'd like to remind you that many statements made during this call may be considered forward-looking statements within the meaning of federal securities laws which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this call that relate to expectations or predictions of future events, results or performance are forward-looking statements, including, but not limited to, statements relating to Rapid Micro's financial condition, anticipated year-end cash balance, cash runway, future revenue and system placements, expectations for business development and growth, customer interest and adoption of the Growth Direct system, expectations for our new RMBNucleus Mold Alarm and the potential impact of macroeconomic uncertainty and the public health crisis on Rapid Micro's business.

Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors. For a list and description of the risks and uncertainties associated with Rapid Micro's business, please refer to the Risk Factors section of our annual report on Form 10-K filed with the Securities and Exchange Commission on March 10, 2023 as amended, as such risks are updated in our subsequent filings with the SEC. We urge you to consider these factors and you should be aware that these statements should be considered estimates only and are not a guarantee of future performance. This conference call contains time-sensitive information and is accurate only as of the live broadcast today, August 4, 2023. Rapid Micro disclaims any intention or obligation, except as required by law, to update or revise any financial projections or forward-looking statements, whether because of new information, future events or otherwise.