908 Devices Q4 2024 Earnings Report
Key Takeaways
908 Devices reported a 31% increase in revenue for the fourth quarter of 2024, driven by increases in both handheld and desktop revenue. The company divested its desktop portfolio to Repligen for $70 million and is focusing on secular trends in advanced chemical detection.
Divested desktop portfolio to Repligen for $70 million.
Fourth quarter revenue increased by 31% year over year.
Handheld revenue increased 22% year over year.
Recurring revenue increased 42% year over year, representing 39% of total revenues.
908 Devices
908 Devices
Forward Guidance
908 Devices expects full year 2025 revenues from continuing operations of $53 million to $55 million, representing 11% to 15% growth compared to 2024 revenue from continuing operations. Full year 2025 reported revenues are expected to be $54 million to $56 million, inclusive of approximately $1 million of desktop revenues in the first quarter, prior to divestiture.