Loading...
•
Jun 30, 2022
908 Devices Q2 2022 Earnings Report
Reported a 34% increase in revenue compared to the prior year, with a gross margin of 60%.
Key Takeaways
908 Devices reported an $11.1 million revenue for Q2 2022, a 34% increase year-over-year. The gross margin was 60%, and the company experienced a net loss of $8.1 million. They have acquired TRACE Analytics, expanding their bioanalytics platform.
Revenue for Q2 2022 was $11.1 million, a 34% increase compared to the prior year period.
Desktop revenue grew by 39% year-over-year driven by increased device sales and recurring revenue.
Gross profit for Q2 2022 was $6.6 million, with a gross margin of 60%.
Net loss for Q2 2022 was $8.1 million, or $0.26 per share.
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...