secwatch.observer — SEC 8-K summary
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Issuer:     908 Devices Inc. (MASS)
CIK:        0001555279
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001104659-24-054511
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1555279/000110465924054511/0001104659-24-054511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1555279/000110465924054511/tm2412873d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-054511

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