Financial Snapshot

Revenue
$52.69M
TTM
Gross Margin
52.16%
TTM
Net Earnings
-$37.97M
TTM
Current Assets
Q2 2024
Current Liabilities
Q2 2024
Current Ratio
508.56%
Q2 2024
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$156.4M
Q2 2024
Cash
Q2 2024
P/E
-3.258
Sep 06, 2024 EST
Free Cash Flow
-$29.72M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $50.23M $46.85M $42.21M $26.89M $17.97M $22.05M
YoY Change 7.21% 11.01% 56.93% 49.66% -18.5%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $50.23M $46.85M $42.21M $26.89M $17.97M $22.05M
Cost Of Revenue $24.91M $20.83M $18.97M $11.97M $9.830M $9.660M
Gross Profit $25.32M $26.02M $23.23M $14.92M $8.140M $12.39M
Gross Profit Margin 50.41% 55.54% 55.05% 55.49% 45.3% 56.19%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $46.18M $43.88M $32.24M $12.50M $11.29M $9.300M
YoY Change 5.23% 36.12% 157.82% 10.74% 21.4%
% of Gross Profit 182.36% 168.62% 138.75% 83.78% 138.7% 75.06%
Research & Development $21.90M $17.50M $13.07M $8.235M $8.990M $9.530M
YoY Change 25.17% 33.93% 58.68% -8.4% -5.67%
% of Gross Profit 86.5% 67.25% 56.24% 55.18% 110.44% 76.92%
Depreciation & Amortization $2.384M $1.614M $900.0K $800.0K $900.0K $900.0K
YoY Change 47.71% 79.33% 12.5% -11.11% 0.0%
% of Gross Profit 9.41% 6.2% 3.87% 5.36% 11.06% 7.26%
Operating Expenses $68.08M $61.41M $45.30M $20.74M $20.29M $18.83M
YoY Change 10.87% 35.55% 118.45% 2.21% 7.75%
Operating Profit -$42.76M -$35.38M -$22.07M -$5.815M -$12.15M -$6.440M
YoY Change 20.85% 60.32% 279.52% -52.14% 88.66%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense $201.0K $129.0K $486.0K $976.0K -$1.830M -$1.150M
YoY Change 55.81% -73.46% -50.2% -153.33% 59.13%
% of Operating Profit
Other Income/Expense, Net $6.148M $1.819M -$100.0K -$7.004M $300.0K $50.00K
YoY Change 237.99% -1919.0% -98.57% -2434.67% 500.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income -$36.61M -$33.56M -$22.17M -$12.82M -$13.37M -$7.540M
YoY Change 9.08% 51.4% 72.93% -4.11% 77.32%
Income Tax -$200.0K $0.00
% Of Pretax Income
Net Earnings -$36.40M -$33.60M -$22.20M -$12.82M -$13.37M -$7.540M
YoY Change 8.33% 51.35% 73.18% -4.12% 77.32%
Net Earnings / Revenue -72.47% -71.72% -52.6% -47.66% -74.4% -34.2%
Basic Earnings Per Share -$1.13 -$1.07 -$0.79 -$2.35
Diluted Earnings Per Share -$1.13 -$1.07 -$0.79 -$2.35 -$417.3K -$235.3K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $145.7M $188.4M $224.1M $159.2M $17.90M $7.100M
YoY Change -22.68% -15.91% 40.75% 789.39% 152.11%
Cash & Equivalents $121.0M $188.4M $224.1M $159.2M $17.90M $7.100M
Short-Term Investments $24.64M
Other Short-Term Assets $4.181M $4.658M $4.527M $300.0K $400.0K $300.0K
YoY Change -10.24% 2.89% 1409.0% -25.0% 33.33%
Inventory $14.94M $12.51M $7.918M $4.600M $5.200M $3.500M
Prepaid Expenses
Receivables $8.989M $10.03M $16.38M $6.900M $5.100M $6.300M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $173.8M $215.6M $252.9M $171.0M $28.60M $17.20M
YoY Change -19.4% -14.74% 47.89% 497.9% 66.28%
Property, Plant & Equipment $9.575M $7.039M $6.785M $7.100M $8.600M $10.00M
YoY Change 36.03% 3.74% -4.44% -17.44% -14.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.389M $1.384M $1.228M $700.0K $500.0K $500.0K
YoY Change 0.36% 12.7% 75.43% 40.0% 0.0%
Total Long-Term Assets $29.19M $26.96M $8.013M $7.800M $9.100M $10.50M
YoY Change 8.27% 236.47% 2.73% -14.29% -13.33%
Total Assets $203.0M $242.6M $260.9M $178.8M $37.70M $27.70M
YoY Change
Accounts Payable $1.191M $10.24M $1.371M $1.000M $600.0K $600.0K
YoY Change -88.37% 647.19% 37.1% 66.67% 0.0%
Accrued Expenses $10.73M $1.468M $8.305M $6.200M $4.000M $3.200M
YoY Change 630.86% -82.32% 33.95% 55.0% 25.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $500.0K $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $22.55M $19.23M $14.84M $10.80M $6.100M $4.800M
YoY Change 17.28% 29.59% 37.37% 77.05% 27.08%
Long-Term Debt $0.00 $15.00M $15.00M $14.30M $14.80M $9.700M
YoY Change -100.0% 0.0% 4.9% -3.38% 52.58%
Other Long-Term Liabilities $12.50M $17.76M $16.47M $14.60M $9.000M $10.40M
YoY Change -29.63% 7.87% 12.78% 62.22% -13.46%
Total Long-Term Liabilities $12.50M $32.76M $31.47M $28.90M $23.80M $20.10M
YoY Change -61.85% 4.12% 8.88% 21.43% 18.41%
Total Liabilities $37.49M $51.99M $46.30M $39.80M $29.80M $24.80M
YoY Change -27.89% 12.28% 16.34% 33.56% 20.16%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 32.24M 31.49M 27.96M 5.485M
Diluted Shares Outstanding 32.24M 31.49M 27.96M 5.485M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $123.72 Million

About 908 Devices Inc.

908 Devices, Inc. engages in the development of measurement devices for chemical and biochemical analysis. The company is headquartered in Boston, Massachusetts and currently employs 230 full-time employees. The company went IPO on 2020-12-18. The firm's Mass Spec devices are used at the point of need to interrogate unknown and invisible materials and provide answers to address problems in life sciences research, bioprocessing, industrial biotechnology, forensics and adjacent markets. Its products include MX908, Rebel, ZipChip, Maven and Maverick. MX908 is a handheld, battery-powered, Mass Spec device designed for the analysis of solid, liquid, vapor and aerosol materials of unknown identity. MX908 is a multi-purpose device utilized by a spectrum of user segments for a variety of forensic field applications, including chemical, explosive, priority drug and hazardous materials operations, detecting materials at the trace level. The Rebel is a small desktop analyzer providing real-time information on the extracellular environment in bioprocesses.

Industry: Measuring & Controlling Devices, NEC Peers: Aeva Technologies Inc FARO Technologies Inc SmartRent Inc Keysight Technologies Inc MicroVision Inc nLIGHT Inc NAPCO Security Technologies Inc OSI Systems Inc PAR Technology Corp Vishay Precision Group Inc