908 Devices files RedWave financials; acquired firm had $13.8M revenue, $2.1M net income in 2023

908 Devices Inc.

Acquisition of RedWave (CAM2 Technologies) closed April 29, 2024; now a wholly-owned subsidiary of 908 Devices.
RedWave FY2023 audited: total revenue $13.75M, net income $2.14M, gross profit $7.26M.
RedWave total assets $7.38M, members' equity $2.10M as of Dec 31, 2023.
Two customers represented 39% of 2023 revenue; two customers accounted for 85% of accounts receivable at year-end.
Pro forma combined financials for FY2023 and Q1 2024 filed as Exhibit 99.4.

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