Q2 revenue up 16% to $14M, net loss widens to $12.5M; reiterates FY24 guidance $63-65M

908 Devices Inc.

2024-Q2 EPS reported -$0.70 revenue$24,038,000

Revenue $14.0M (+16% YoY); handheld devices up 26% to $11.1M, desktop down 9% to $2.9M.
Net loss $12.5M vs $9.3M prior year; adjusted EBITDA loss $7.3M vs $7.7M.
Gross margin 53% (+490 bps YoY); adjusted gross margin 58% (+800 bps).
Installed base grew to 3,067 devices; recurring revenue 38% of total, up 33% YoY.
Reiterated full-year 2024 revenue guidance $63M-$65M (25-29% growth) includes $11M from RedWave.

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