908 Devices Inc. (MASS) Misses Q3 EPS by 56c, Misses on Revenue; Offers FY24 Revenue Guidance

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Go back to 908 Devices Inc. (MASS) Misses Q3 EPS by 56c, Misses on Revenue; Offers FY24 Revenue Guidance

908 Devices Reports Third Quarter 2024 Financial Results and Updates 2024 Revenue Outlook

November 12, 2024 7:00 AM EST

Revenue increases 17% compared to prior year, driven by recently acquired handheld products

BOSTON--(BUSINESS WIRE)-- 908 Devices Inc. (Nasdaq: MASS), a pioneer of purpose-built handheld and desktop devices for chemical analysis, today reported financial results for the quarter ended September 30, 2024.

While we are pleased that our revenue increased year-over-year due to our newly acquired products, our third quarter results fell short of our expectations due to challenges from the delayed FY24 federal budget, delays with advancing international contracts, and ongoing softness in the bioprocessing and life science instrumentation market,... More