908 Devices Inc (MASS) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Challenges [Yahoo! Finance]
908 Devices Inc. (MASS)
Company Research
Source: Yahoo! Finance
Desktop Product Revenue: $2.8 million for Q3 2024, up 8% from $2.5 million in Q3 2023. Recurring Revenue: $6.1 million, representing 36% of total revenues, up 70% from the prior year period. Gross Margin: 50% for Q3 2024, down from 55% in the prior year period. Adjusted Gross Margin: 55% for Q3 2024, compared to 57% in the prior year period. Net Loss: $29.3 million for Q3 2024, compared to $7.1 million in the prior year period. Adjusted EBITDA: Loss of $6.9 million for Q3 2024, compared to a loss of $5.7 million in the prior year period. Cash and Marketable Securities: $71.7 million at the end of Q3 2024. 2024 Revenue Guidance: Lowered to $56 million to $58 million, representing 11% to 15% growth. Operating Expenses: $38.5 million for Q3 2024, compared to $17 million in the prior year period. Workforce Reduction: 11% reduction, expected to save approximately $4.2 million annually. Warning! GuruFocus has detected 5 Warning Signs with MASS. Release Date: November
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News
- Getinge and 908 Devices Partner to Enhance Bioreactor Capabilities for Continuous Monitoring of Key Cell Culture Parameters [Yahoo! Finance]Yahoo! Finance
- Getinge and 908 Devices Partner to Enhance Bioreactor Capabilities for Continuous Monitoring of Key Cell Culture ParametersBusiness Wire
- Analysts Have Lowered Expectations For 908 Devices Inc. (NASDAQ:MASS) After Its Latest Results [Yahoo! Finance]Yahoo! Finance
- 908 Devices Inc. (NASDAQ: MASS) was downgraded by analysts at Leerink Partnrs from a "strong-buy" rating to a "hold" rating.MarketBeat
- 908 Devices Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
MASS
Earnings
- 11/12/24 - Miss
MASS
Sec Filings
- 12/19/24 - Form 4
- 12/16/24 - Form 4
- 11/14/24 - Form SC
- MASS's page on the SEC website