earnings
confidence high
sentiment positive
materiality 0.65
908 Devices Q3 revenue down 4% YoY to $14M, but 9-month revenue up 16%; reiterates FY25 guidance of $54-56M
908 Devices Inc.
2025-Q3 EPS reported
$0.43
revenue$38,817,000
- Q3 revenue of $14.0M, down 4% YoY; first nine months revenue up 16% to $38.8M; installed base grew 27% YoY to 3,512 devices.
- Adjusted EBITDA loss improved 53% QoQ to $1.8M; adjusted gross margin 58%, up 190 bps QoQ; cash $112.1M, no debt.
- Recurring revenue $4.8M, up 10% YoY, representing 35% of total Q3 revenue; FTIR portfolio momentum with XplorIR placements up 30% QoQ.
- FY 2025 revenue guidance reiterated: $54-56M (13-17% growth); CEO expects positive adjusted EBITDA in Q4.
item 2.02item 9.01