secwatch.observer — SEC 8-K summary
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Issuer:     908 Devices Inc. (MASS)
CIK:        0001555279
Form:       8-K/A
Filed at:   2024-07-09T23:59:59+00:00
Accession:  0001104659-24-078571
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1555279/000110465924078571/0001104659-24-078571-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1555279/000110465924078571/tm2418913d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-078571

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