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Dec 31, 2024
908 Devices Q4 2024 Earnings Report
Reported financial results for the fourth quarter and full year ended December 31, 2024.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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