Loading...
•
Mar 31, 2022
908 Devices Q1 2022 Earnings Report
Reported a strong start to the year with revenue growth and progress against company goals.
Key Takeaways
908 Devices reported a 50% increase in revenue compared to the prior year period, driven by product revenue from both handheld and desktop devices. Desktop revenue grew 68% year-over-year. The installed base grew to 2,018 placements with 83 devices placed in Q1 2022.
Revenue increased by 50% compared to the prior year period.
Desktop revenue grew by 68% year-over-year.
Gross profit was $4.1 million for the first quarter of 2022.
Net loss was $9.4 million for the first quarter of 2022.
Forward Guidance
908 Devices continues to expect full year 2022 revenue to be in the range of $52 million to $55 million, representing 23% to 30% growth over full year 2021.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...