---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-117687"
form_type: "8-K"
ticker: "MASS"
cik: "0001555279"
company_name: "908 Devices Inc."
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T20:06:19.236375+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 908 Devices Q3 revenue up 26% to $15.8M, guides FY2022 revenue $46M-$49M

## Summary
- Revenue $15.8M (+26% YoY); gross margin 59% vs 54%.
- Net loss $6.3M ($0.20/share) vs $5.2M ($0.19) prior year.
- FY2022 revenue guidance lowered to $46M-$49M (midpoint $47.5M, ~13% YoY growth).
- Cash $193.7M, debt $15M; installed base 2,317 devices (175 placed in Q3).
- Executed TRACE Analytics acquisition; received $3.1M U.S. Army order.

## SEC filing metadata
- accession: 0001104659-22-117687
- form_type: 8-K
- ticker: MASS
- cik: 0001555279
- company_name: 908 Devices Inc.
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1555279/000110465922117687/0001104659-22-117687-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1555279/000110465922117687/tm2230334d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-117687
- JSON: https://secwatch.observer/filing/0001104659-22-117687.json
- Plain text: https://secwatch.observer/filing/0001104659-22-117687.txt

## Key facts
- Earnings Releases
  908 Devices Inc. reported third quarter ended September 30, 2022 results: revenue $15.8 million, net income $6.3 million, EPS $0.20.
  - Period: third quarter ended September 30, 2022
  - Revenue: $15.8 million
  - Net income: $6.3 million
  - EPS: $0.20
  - Result: reported results
  source text: Revenue was $15.8 million for the three months ended September 30, 2022, a 26% increase over the prior year period. This increase was primarily driven by product revenue from an increase in handheld recurring revenue and desktop device placements. Desktop revenue grew 51% year over year because of both increased device sales and increased recurring revenue. The installed base grew to 2,317 placements with 175 devices placed in Q3 2022. Gross profit was $9.3 million for the third quarter of 2022, compared to $6.8 million for the corresponding prior year period. Gross margin was 59%, as compared to 54% for the corresponding prior year period. The increase in gross margin was driven by the increased product and service revenue and an increase in the average selling price for devices, offset in part by planned investments in personnel and expenses in calendar year 2021 and the first nine months of 2022. Operating expenses were $16.5 million for the third quarter of 2022, compared to $12.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465922117687/0001104659-22-117687-index.htm
- Earnings Releases
  908 Devices Inc. reported full year 2022 results: revenue $46 million to $49 million. Guidance lowered.
  - Period: full year 2022
  - Revenue: $46 million to $49 million
  - Guidance: lowered
  - Result: guidance update
  source text: 908 Devices is updating its full year 2022 revenue outlook and now expects revenue to be in the range of $46 million to $49 million, representing growth of 13% over full year 2021 at the midpoint of the range.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465922117687/0001104659-22-117687-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.