MASS Q1 2023 Earnings — 908 Devices Inc. Revenue & Financial Results | Market Cap Arena

MASS908 Devices Inc.

$233M

Q1 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$9M+14.2% YoY

Gross Profit

$4M46.2% margin

Operating Income

-$13M-137.2% margin

Net Income

-$13M-132.1% margin

EPS (Diluted)

$-0.39

QoQ Revenue Growth

-18.5%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$12M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$218M

Total Liabilities

$38M

Stockholders' Equity

$181M

Cash & Equivalents

$161M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$9M	$8M	+14.2%
Gross Profit	$4M	$4M	+6.2%
Operating Income	-$13M	-$10M	-36.7%
Net Income	-$13M	-$9M	-33.1%

Revenue Segments

Product and service revenue

$6M49%

Device Sales

$4M30%

Recurring

$2M19%

Contract

$225,0002%

Geographic Segments

UNITED STATES

$6M68%

Europe, Middle East and Africa

$2M21%

Asia Pacific

$576,0006%

Americas other

$430,0005%