MASS Q3 2023 Earnings — 908 Devices Inc. Revenue & Financial Results | Market Cap Arena

MASS908 Devices Inc.

$233M

Q3 2023 Earnings

Healthcare Medical - Devices

Income Statement

Revenue

$14M-9.5% YoY

Gross Profit

$8M55.0% margin

Operating Income

-$9M-63.6% margin

Net Income

-$7M-49.6% margin

EPS (Diluted)

$-0.22

QoQ Revenue Growth

+18.2%

Cash Flow

Operating Cash Flow

-$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$208M

Total Liabilities

$39M

Stockholders' Equity

$170M

Cash & Equivalents

$118M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$14M	$16M	-9.5%
Gross Profit	$8M	$9M	-15.7%
Operating Income	-$9M	-$7M	-27.0%
Net Income	-$7M	-$6M	-13.3%

Revenue Segments

Product and service revenue

$14M49%

Device Sales

$11M37%

Recurring

$4M12%

Contract

$370,0001%

Geographic Segments

UNITED STATES

$12M87%

Europe, Middle East and Africa

$1M10%

Asia Pacific

$394,0003%

Americas other

$30,0000%