MASS Q2 2023 Earnings — 908 Devices Inc. Revenue & Financial Results | Market Cap Arena

MASS908 Devices Inc.

$233M

Q2 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$12M+8.9% YoY

Gross Profit

$6M47.9% margin

Operating Income

-$11M-90.4% margin

Net Income

-$9M-77.3% margin

EPS (Diluted)

$-0.29

QoQ Revenue Growth

+27.5%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$8M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$211M

Total Liabilities

$36M

Stockholders' Equity

$174M

Cash & Equivalents

$133M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$12M	$11M	+8.9%
Gross Profit	$6M	$7M	-12.7%
Operating Income	-$11M	-$8M	-30.7%
Net Income	-$9M	-$8M	-15.4%

Revenue Segments

Product and service revenue

$9M50%

Device Sales

$7M37%

Recurring

$2M13%

Contract

$145,0001%

Geographic Segments

UNITED STATES

$8M65%

Europe, Middle East and Africa

$4M33%

Asia Pacific

$221,0002%

Americas other

$62,0001%