908 Devices Q1 revenue up 59% to $11.8M; reiterates FY25 outlook of $53-55M

908 Devices Inc.

2025-Q1 EPS reported $1.23 revenue$11,777,000

Total revenue from continuing ops $11.8M (+59% YoY); handheld product & service revenue $11.0M (+86%).
Net loss from continuing ops $9.8M vs $5.9M YoY; adjusted EBITDA loss improved to $4.6M from $5.3M.
Recurring revenue $4.4M (+54% YoY), representing 37% of total revenue; installed base grew 28% to 3,172 devices.
Adjusted gross margin 54%, up ~75 bps YoY; GAAP gross margin 47% (down from 52%) due to international mix.
Cash and marketable securities $124.3M, no debt; reiterates FY25 revenue guidance of $53-55M.

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