908 Devices Q2 revenue $8.3M; raises 2021 revenue outlook to $40-43M (49-60% YoY growth)

908 Devices Inc.

2021-Q2 EPS reported -$0.49 revenue$13,820,000

Revenue $8.3M, up 49% from Q1 2021 and down 26% from $11.1M in Q2 2020 on a one-time prior-year shipment.
Desktop revenue grew 70% YoY and contributed one-third of total Q2 2021 revenue.
Net loss $7.4M ($0.27 per share) vs net income $2.1M ($0.11) in Q2 2020.
FY 2021 revenue guidance raised to $40-43M from prior $38-40M, implying 49-60% annual growth.
Cash $141M; debt $15M; installed base reached 1,530 devices with 103 placements in Q2.

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