MASS Q1 2024 Earnings — 908 Devices Inc. Revenue & Financial Results | Market Cap Arena

MASS908 Devices Inc.

$233M

Q1 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$7M-21.8% YoY

Gross Profit

$4M52.4% margin

Operating Income

-$8M-102.5% margin

Net Income

-$11M-147.1% margin

EPS (Diluted)

$-0.33

QoQ Revenue Growth

-48.3%

Cash Flow

Operating Cash Flow

-$9M

Free Cash Flow

-$10M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$190M

Total Liabilities

$33M

Stockholders' Equity

$157M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7M	$9M	-21.8%
Gross Profit	$4M	$4M	-11.3%
Operating Income	-$8M	-$13M	+41.5%
Net Income	-$11M	-$13M	+12.9%

Revenue Segments

Product and service revenue

$10M50%

Device Sales

$5M27%

Recurring

$5M23%

Geographic Segments

UNITED STATES

$7M73%

Europe, Middle East and Africa

$2M21%

Asia Pacific

$371,0004%

Americas other

$292,0003%