908 Devices Reports Fourth Quarter and Full Year 2020 Financial Results and Provides 2021 Revenue Outlook
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908 Devices Inc. (MASS) Misses Q4 EPS by -$1.32, Revenues Beat; Offers FY21 Revenue Outlook
March 30, 2021 7:05 AM EDT908 Devices Inc. (NASDAQ: MASS) reported Q4 EPS of ($1.48), $1.32 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $5.7 million versus the consensus estimate of $5.28 million.
Fourth Quarter 2020 Financial Results
Revenue was $5.7 million for the three months ended December 31, 2020, a 32% decline from $8.3 million for the three months ended December 31, 2019, driven predominantly by a decrease in license and contract revenue of $1.5 million and due to the timing of deployments with end customers.Gross profit was $2.6 million for the fourth... More