908 Devices

908 Devices, Inc. engages in the development of measurement devices for chemical and biochemical analysis. It offers products using mass spectrometry technology, an analytical technique for measuring the mass of charged molecules that is used in chemical analysis laboratories for applications, such as safety and security, food science, biotechnology, clinical diagnostics, and controlling industrial processes. Its products include desktops and handhelds. The company was founded by Kevin J. Knopp, Miller Scott, Steve Araiza, Andrew Bartfay, Michael Jobin, Christopher D. Brown, and Christopher J. Petty in 2012 and is headquartered in Boston, MA.

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2026

908 Devices reports revenue growth and strategic partnerships driving innovation

908 Devices delivered solid performance in Q1 2023, marked by revenue growth, strong recurring revenue, and strategic partnerships driving innovation and market expansion.
While facing challenges in operating expenses and gross margins, the company's focus on handheld devices, recurring revenues, and cost management positions it for future success.
With a robust cash position, ongoing product launches, and a diverse sales funnel, 908 Devices is poised to capitalize on opportunities in the biopharma and cell therapy markets.

908 Devices reports revenue growth and strategic focus for growth

908 Devices showcased revenue growth and strong performance in key product segments. While managing expenses prudently and focusing on key markets, the company faces challenges with a net loss and the need for additional handheld unit growth. Opportunities lie in upcoming product launches, government contracts, and pipeline updates.

908 Devices reports Q3 revenue growth, eyes strong 2024 prospects

908 Devices showed solid performance in Q3 2023, driven by growth in handheld devices and strategic collaborations. Despite challenges in the bio-processing space, the company remains optimistic about future growth and product development.
With a strong cash position, no debt, and a focus on returning to high growth rates, 908 Devices is poised for success in 2024. The company's emphasis on process analytical technology tools and expanding market offerings presents promising opportunities for the future.
While facing challenges in revenue expectations and utilization rates, 908 Devices is actively addressing these issues to drive sustainable growth. The company's commitment to innovation and market expansion positions them well for long-term success.

908 Devices reports strong Q4 performance and optimistic outlook for 2024

908 Devices showed revenue growth and improved net loss in Q4 2023, with a positive outlook for 2024.
The company's strong cash position, successful partnerships, and product confidence are key strengths.
Challenges include margin pressures from pricing adjustments and increased spending.
Opportunities lie in revenue growth guidance, customer interest in new products, and market expansion plans.

908 Devices reports solid Q1 performance, eyes growth opportunities

908 Devices had a strong start in Q1 2024, driven by revenue growth and RedWave acquisition.
Challenges include net loss, declining desktop product revenue, and cost management.
Opportunities lie in engagement with cell therapy accounts, revenue synergies, and cash flow improvement.
Strategic fit of RedWave acquisition offers growth potential and cost synergies in the long term.

908 Devices reports solid Q2 earnings, eyes growth through diversification

908 Devices demonstrated strong revenue growth in Q2 2024, driven by robust performance in handheld forensics devices.
While facing challenges in desktop product revenue, the company's focus on recurring revenue and market expansion bodes well for future prospects.
Strategic adjustments and continued emphasis on operational excellence position 908 Devices for sustained success in diverse markets.

908 Devices faces revenue challenges but pursues growth opportunities

908 Devices reported mixed financial performance in Q3 2024, with revenue growth but falling short of expectations, leading to a net loss.
The company is taking steps to optimize operations, identify growth drivers, and drive margin expansion for future success.
Challenges include revenue guidance adjustments, competitive pressures, and financial losses, which require strategic responses.
Opportunities lie in product innovation, strategic partnerships, and effective implementation of sales strategies to drive growth and market expansion.

908 Devices reports revenue growth, targets profitability and cash flow

908 Devices delivered strong revenue growth in Q4 2024, driven by handheld devices and international orders. The company is focused on enhancing profitability through divestiture and cost management initiatives. Despite net losses, 908 Devices aims for positive EBITDA and cash flow by 2025 and emphasizes long-term sustainability. With a solid balance sheet and strategic focus, the company is poised for growth and improved financial performance.

908 Devices excels in Q1 2025, eyes growth and stability

908 Devices delivered robust Q1 2025 results, focusing on revenue growth, operational improvements, and strategic initiatives. The company's strengths include securing key orders, advancing product portfolio, and enhancing financial position through asset sales. Challenges include operational transitions, financial targets, and maintaining discipline amidst growth. Opportunities for 908 Devices include market expansion, innovation advancement, and financial stability through positive EBITDA and cash flow.

908 Devices reports revenue growth and aims for profitability by Q4 2025

908 Devices demonstrated revenue growth and improved EBITDA performance in Q2 2025, driven by strategic initiatives and product launches. While challenges persist in achieving profitability, the company's focus on innovation and market expansion positions it well for future success. Opportunities in defense spending, product adoption, and legislative support pave the way for accelerated revenue growth and market expansion in 2026.

908 Devices reports Q3 revenue growth, eyes positive EBITDA in Q4

908 Devices' Q3 performance showed revenue growth sequentially despite a YoY decline, with a path to positive adjusted EBITDA in Q4. The company's strategic strengths lie in strong device demand, recurring revenue, and a focus on global threat solutions. Challenges include potential revenue impact from the U.S. government shutdown effects, but opportunities exist in new product launches and market expansion.

908 Devices reports revenue growth in Q4, targets profitability in 2026

908 Devices (MASS) showed positive revenue growth in Q4 driven by demand for key products, with a focus on health, safety, and defense tech applications. While facing challenges in overall profitability, the company aims to improve financial performance by cutting EBITDA losses and expanding margins. Strategic initiatives for 2026 target revenue growth, margin expansion, and operational efficiencies to drive financial progress and sustainability. Despite past losses, 908 Devices (MASS) is optimistic about the future, leveraging opportunities for growth and profitability in 2026.

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908 Devices, Inc. engages in the development of measurement devices for chemical and biochemical analysis. It offers products using mass spectrometry technology, an analytical technique for measuring the mass of charged molecules that is used in chemical analysis laboratories for applications, such as safety and security, food science, biotechnology, clinical diagnostics, and controlling industrial processes. Its products include desktops and handhelds. The company was founded by Kevin J. Knopp, Miller Scott, Steve Araiza, Andrew Bartfay, Michael Jobin, Christopher D. Brown, and Christopher J. Petty in 2012 and is headquartered in Burlington, MA.