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Jun 30, 2025
908 Devices Q2 2025 Earnings Report
908 Devices reported financial results for the second quarter ended June 30, 2025, showing revenue growth and progress towards profitability.
Key Takeaways
908 Devices delivered strong top-line growth in Q2 2025, with revenue increasing 14% year-over-year to $13.0 million, driven by increased handheld product and service revenue. The company achieved record XplorIR placements and successfully launched VipIR, while also making meaningful progress on its path to profitability. Despite an increase in operating expenses leading to a net loss of $12.9 million from continuing operations, the company is confident in meeting its 2025 revenue and adjusted EBITDA targets.
Revenue from continuing operations increased 14% year-over-year to $13.0 million in Q2 2025.
The installed base grew 27% year-over-year to 3,336 devices, with 164 devices placed during the quarter.
Gross profit was $6.4 million, with a GAAP gross margin of 49%, while adjusted gross profit was $7.3 million with an adjusted gross margin of 56%.
Net loss from continuing operations was $12.9 million, and Adjusted EBITDA was a loss of $3.9 million for the quarter.
Revenue by Segment
Forward Guidance
908 Devices updated its full-year 2025 revenue guidance from continuing operations to $54 million to $56 million, representing 13% to 17% growth compared to 2024.
Positive Outlook
- Increased full-year 2025 revenue guidance, indicating stronger expected performance.
- Clear momentum building, fueled by an improving funding landscape in the U.S. and globally.
- Expectation of durable foundation for long-term growth and expanding demand through 2026 and beyond.
- Confidence in hitting both revenue and adjusted EBITDA targets for 2025.
- Successful launch of VipIR and record XplorIR placements in Q2 2025.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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