908 Devices Q3 revenue $14.3M (-9% YoY), net loss $7.1M; narrows 2023 outlook

908 Devices Inc.

2023-Q3 EPS reported -$0.90 revenue$35,878,000

Revenue $14.3M in Q3 2023 vs $15.7M in Q3 2022; handheld $11.7M, desktop $2.5M, recurring $3.6M.
Net loss $7.1M ($0.22 loss per share) vs $6.3M ($0.20) a year ago.
Gross margin 55% vs 59% on lower revenue and higher service costs.
Cash $148M with no debt; down $5M from prior quarter.
FY 2023 revenue guidance narrowed to $49-51M (prior $49-52M), implying 4-9% growth.

item 2.02 item 9.01

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 the quarter ended September 30, 2023 results: revenue $14.3 million, net income Net loss was $7.1 million, EPS $0.22. Guidance lowered.

Period: the quarter ended September 30, 2023
Revenue: $14.3 million
Net income: Net loss was $7.1 million
EPS: $0.22
Guidance: lowered
Result: reported results

Exact text from the filing

term." Third Quarter 2023 Financial Highlights · Revenue of $35.9 million for the first nine months of 2023, increasing 2% compared to first nine months of 2022 · Revenue of $14.3 million for the third quarter 2023, decreasing 9% compared to the third quarter 2022 o Handheld revenue was $11.7 million o Desktop revenue was $2.5 million o Recurring revenue was $3.6

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Source: SEC EDGAR

accession 0001104659-23-115003

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