secwatch.observer — SEC 8-K summary
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Issuer:     908 Devices Inc. (MASS)
CIK:        0001555279
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001104659-23-029296
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1555279/000110465923029296/0001104659-23-029296-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1555279/000110465923029296/tm238514d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-029296

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