908 Devices reports Q4 2022 revenue down 27% YoY to $11.6M; guides FY2023 rev $48-52M

908 Devices Inc.

FY2022 revenue $46.9M (+11% YoY); recurring revenue up 101% to $15.7M, representing 1/3 of total.
Q4 2022 revenue $11.6M (-27% YoY) due to timing of $8M U.S. Army MX908 shipment in Q4 2021.
Net loss widened: Q4 loss $9.8M ($0.31/share) vs $3.5M ($0.12/share) in Q4 2021; FY2022 net loss $33.6M.
Cash and equivalents $188M; debt $15M; cash consumed $36M in 2022 including $14M for acquisition.
FY2023 revenue guidance $48-52M (2-11% growth); launched MAVEN on-line device for bioprocessing.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

908 Devices Inc. reported three months ended December 31, 2022 results: revenue $11.6 million, net income $9.8 million loss, EPS $0.31 loss per share.

Period: three months ended December 31, 2022
Revenue: $11.6 million
Net income: $9.8 million loss
EPS: $0.31 loss per share
Result: reported results

Exact text from the filing

Revenue was $11.6 million for the three months ended December 31, 2022, a 27% decline over the prior year period.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

908 Devices Inc. reported full year 2023 results: revenue $48 million to $52 million. Guidance initiated.

Period: full year 2023
Revenue: $48 million to $52 million
Guidance: initiated
Result: guidance update

Exact text from the filing

908 Devices expects full year 2023 revenue to be in the range of $48 million to $52 million, representing 2% to 11% growth over full year 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

908 Devices Inc. reported year ended December 31, 2022 results: revenue $46.9 million, net income $33.6 million loss, EPS $1.07 loss per share.

Period: year ended December 31, 2022
Revenue: $46.9 million
Net income: $33.6 million loss
EPS: $1.07 loss per share
Result: reported results

Exact text from the filing

Revenue was $46.9 million for the year ended December 31, 2022, a 11% increase over the prior year period.

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-029296

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