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Sep 30, 2022
908 Devices Q3 2022 Earnings Report
Reported a 26% increase in revenue compared to the prior year, with a gross margin of 59%.
Key Takeaways
908 Devices reported a 26% increase in revenue for Q3 2022, reaching $15.8 million, and a gross margin of 59%. The company experienced a net loss of $6.3 million, and updated its full year 2022 revenue outlook to $46 million to $49 million.
Revenue increased by 26% year-over-year, reaching $15.8 million.
Gross margin improved to 59% compared to 54% in the prior year period.
Net loss was $6.3 million, or $0.20 per share.
The company updated its full year 2022 revenue outlook to $46 million to $49 million.
Forward Guidance
908 Devices is updating its full year 2022 revenue outlook and now expects revenue to be in the range of $46 million to $49 million, representing growth of 13% over full year 2021 at the midpoint of the range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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