908 Devices Q4 revenue up 31% YoY; divests desktop business to Repligen for $70M

908 Devices Inc.

Q4 revenue $18.8M (+31% YoY); full year $59.6M (+19% YoY); recurring revenue 39% of total.
Divested desktop portfolio (MAVEN, MAVERICK, REBEL, ZipChip) to Repligen for $70M (~6x multiple).
Adjusted gross margin improved to 55% for FY2024, up ~250 bps; expects mid-to-high 50% range in 2025.
Guides 2025 continuing ops revenue $53-55M (11-15% growth); expects Adj. EBITDA positivity by Q4 2025.

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