---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-054511"
form_type: "8-K"
ticker: "MASS"
cik: "0001555279"
company_name: "908 Devices Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:22:45.452645+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# 908 Devices Q1 revenue $10.0M (+5% YoY); acquires RedWave for $45M; FY24 guidance $63-65M

## Summary
- Revenue $10.0M (+5% YoY); handheld devices $7.4M (+20%), desktop $2.6M (-18%).
- Net loss $10.9M ($0.33 per share), improved from $12.5M loss in Q1 2023.
- Cash, equivalents & marketable securities $134.2M; zero debt; used $45M cash for RedWave acquisition.
- Acquired RedWave Technology post-quarter-end, adding complementary forensics products and $11M expected FY24 revenue.
- FY2024 revenue guidance raised to $63-65M (25-29% growth vs 2023), including 8 months of RedWave contribution.

## SEC filing metadata
- accession: 0001104659-24-054511
- form_type: 8-K
- ticker: MASS
- cik: 0001555279
- company_name: 908 Devices Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1555279/000110465924054511/0001104659-24-054511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1555279/000110465924054511/tm2412873d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-054511
- JSON: https://secwatch.observer/filing/0001104659-24-054511.json
- Plain text: https://secwatch.observer/filing/0001104659-24-054511.txt

## Key facts
- Earnings Releases
  908 Devices Inc. reported first quarter ended March 31, 2024 results: revenue $10.0 million, net income $10.9 million, EPS $0.33. Guidance initiated.
  - Period: first quarter ended March 31, 2024
  - Revenue: $10.0 million
  - Net income: $10.9 million
  - EPS: $0.33
  - Guidance: initiated
  - Result: reported results
  source text: Revenue was $10.0 million for the three months ended March 31, 2024, a 5% increase over the prior year period. This was primarily driven by an increase in handheld devices revenue offset by a decrease in desktop devices revenue. The installed base grew to 2,914 devices with 53 handheld devices and 8 desktop devices placed during the first quarter 2024. Recurring revenue represented 45% of total revenues in the quarter. Gross profit was $5.0 million for the first quarter of 2024, compared to $4.4 million for the corresponding prior year period. Gross margin was 50% as compared to 46% for the corresponding prior year period. Operating expenses were $17.7 million for the first quarter of 2024, compared to $17.4 million for the corresponding prior year period. This increase was driven by stock-based compensation and legal fees related to our acquisition, offset in part by a reduction in third party commissions and salary and related costs. Net loss was $10.9 million for the first quarter o
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465924054511/0001104659-24-054511-index.htm
- Earnings Releases
  908 Devices Inc. reported full year 2024 results: revenue $63.0 million to $65.0 million. Guidance initiated.
  - Period: full year 2024
  - Revenue: $63.0 million to $65.0 million
  - Guidance: initiated
  - Result: guidance update
  source text: 908 Devices now expects full year reported 2024 revenue to be in the range of $63.0 million to $65.0 million, representing 25% to 29% growth over full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1555279/000110465924054511/0001104659-24-054511-index.htm

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