earnings
confidence high
sentiment positive
materiality 0.70
908 Devices Q2 revenue up 23% to $16.1M; raises low end of FY26 revenue outlook
908 Devices Inc.
- Q2 revenue $16.1M, up 23% YoY; recurring revenue $4.9M, 31% of total; installed base 4,101 devices (+23%).
- Adjusted EBITDA loss narrowed to $1.9M from $3.9M YoY; net loss from continuing ops $11.9M vs $12.9M.
- FY26 revenue guidance raised to $68.0-70.0M (from $67.0-70.0M), representing 21-25% YoY growth.
- Cash $101.5M, no debt; $13.5M used for NIRLAB SA acquisition in Q2; $3.5M escrow release received.
- Shipped 35+ VipIR units in quarter incl. 18 to a South Asia agency; $6M ProtectIR order secured post-quarter.