908 Devices Reports Third Quarter 2024 Financial Results and Updates 2024 Revenue Outlook
908 Devices Inc. (MASS)
Company Research
Source: Business Wire
Revenue increases 17% compared to prior year, driven by recently acquired handheld products BOSTON--(BUSINESS WIRE)--908 Devices Inc. (Nasdaq: MASS), a pioneer of purpose-built handheld and desktop devices for chemical analysis, today reported financial results for the quarter ended September 30, 2024.“While we are pleased that our revenue increased year-over-year due to our newly acquired products, our third quarter results fell short of our expectations due to challenges from the delayed FY24 federal budget, delays with advancing international contracts, and ongoing softness in the bioprocessing and life science instrumentation market,” said Kevin J. Knopp, CEO and Co-founder. “Despite near-term headwinds, we see several growth drivers emerging that should propel us to the next level of scale, efficiency, and growth.”Recent HighlightsRevenue of $16.8 million for the third quarter 2024, increasing 17% compared to the third quarter 2023Handheld revenue was $14.0 million, increasing
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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