908 Devices Q1 2025 Earnings Report
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
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income