Loading...
•
Sep 30, 2023
908 Devices Q3 2023 Earnings Report
Reported a decrease in revenue due to decline in desktop devices and handheld recurring revenue.
Key Takeaways
908 Devices reported a revenue of $14.3 million for Q3 2023, a 9% decrease compared to the prior year period. The installed base grew to 2,714 devices with 124 devices placed during the quarter. Net loss was $7.1 million, compared to $6.3 million for the corresponding prior year period.
Revenue was $14.3 million, a 9% decrease year-over-year.
Gross profit was $7.9 million with a gross margin of 55%.
Net loss was $7.1 million, resulting in a net loss per share of $0.22.
Cash, cash equivalents and marketable securities were $148 million as of September 30, 2023.
Forward Guidance
908 Devices expects full year 2023 revenue to be in the range of $49 million to $51 million, representing 4% to 9% growth over full year 2022.
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...