908 Devices Q1 revenue up 50% to $8.3M; reiterates FY22 guidance $52-55M

908 Devices Inc.

2022-Q1 EPS reported -$0.30 revenue$8,306,000

Revenue $8.3M (+50% YoY); net loss $9.4M ($0.30/share) vs $6.1M ($0.22) last year.
Desktop revenue +68% YoY; installed base 2,018 devices with 83 placed in Q1.
Gross margin 50% (down from 52%) on investments; op. expenses $13.7M vs $8.7M.
Cash & equiv. $223M, debt ~$15M; reiterates FY22 rev. outlook $52-55M (23-30% growth).
MX908 updates (iOS Bluetooth, robot interface); CPI partnership for bioprocessing.

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