Financial Snapshot

Revenue
$55.16M
TTM
Gross Margin
50.82%
TTM
Net Earnings
-$60.17M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
423.54%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$131.0M
Q3 2024
Cash
Q3 2024
P/E
-1.424
Nov 29, 2024 EST
Free Cash Flow
-$30.68M
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

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

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

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

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

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

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

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

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

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

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

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

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

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

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $85.664 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.