Loading...
•
Mar 31
908 Devices Q1 2025 Earnings Report
908 Devices reported a strong Q1 2025, with revenue growth of 59% driven by handheld product and service demand.
Key Takeaways
Revenue rose sharply in Q1 2025, driven primarily by handheld product growth and recurring revenue. Despite increased costs and a higher net loss from continuing operations, the company remains confident in its full-year outlook.
Revenue increased 59% year-over-year to $11.8 million.
Handheld product and service revenue grew 86% from the prior year.
Installed base rose to 3,172 devices, with 157 new placements in the quarter.
Net loss from continuing operations widened to $9.8 million, but overall net income was $43.6 million due to a gain on divestiture.
908 Devices
908 Devices
908 Devices Revenue by Segment
Revenue by Segment
OEM and Funded Partnership Revenue
CapyFin.com Forward Guidance
908 Devices reiterated its 2025 revenue guidance of $53–55 million, representing 11–15% growth over 2024 revenue from continuing operations.
Positive Outlook
- Reiterated full-year 2025 revenue guidance of $53–55 million.
- Strong start to the year with Q1 revenue exceeding expectations.
- Revenue growth supported by strategic transformation initiatives.
- Increased traction with government and international customers.
- Improved adjusted gross margin to 54%.
Challenges Ahead
- GAAP gross margin declined to 47% due to higher international mix.
- Operating expenses rose significantly to $16.6 million.
- Net loss from continuing operations widened to $9.8 million.
- Program revenue dropped significantly compared to prior year.
- Continued adjusted EBITDA losses, though slightly improved year-over-year.