MASS Q2 2024 Earnings — 908 Devices Inc. Revenue & Financial Results | Market Cap Arena

MASS908 Devices Inc.

$233M

Q2 2024 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$11M-5.2% YoY

Gross Profit

$6M53.8% margin

Operating Income

-$9M-74.5% margin

Net Income

-$13M-109.5% margin

EPS (Diluted)

$-0.37

QoQ Revenue Growth

+54.4%

Cash Flow

Operating Cash Flow

-$13M

Free Cash Flow

-$12M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$209M

Total Liabilities

$52M

Stockholders' Equity

$156M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$11M	$12M	-5.2%
Gross Profit	$6M	$6M	+6.4%
Operating Income	-$9M	-$11M	+21.9%
Net Income	-$13M	-$9M	-34.3%

Revenue Segments

Product and service revenue

$14M50%

Device Sales

$9M31%

Recurring

$5M19%

Contract

$100,0000%

Geographic Segments

UNITED STATES

$11M77%

Europe, Middle East and Africa

$3M19%

Asia Pacific

$498,0004%

Americas other

$13,0000%