908 Devices Reports First Quarter 2024 Financial Results and Updates 2024 Revenue Outlook
908 Devices Inc. (MASS)
Company Research
Source: Business Wire
First quarter 2024 product and service revenue increased 8% compared to prior year, driven by a 20% increase in handheld revenueAcquired RedWave Technology, expanding forensics product portfolio for point-of-need applications BOSTON--(BUSINESS WIRE)--908 Devices Inc. (Nasdaq: MASS), a pioneer of purpose-built handheld and desktop devices for chemical and biochemical analysis, today reported financial results for the quarter ended March 31, 2024."We had a solid start to the year with topline revenue of $10 million for the first quarter and continued to see robust demand for our handheld devices as applications for chemical detection and identification at the point of need gain further traction in the US and internationally," said Kevin J. Knopp, CEO and Co-founder. "This morning, we were excited to announce the acquisition of RedWave Technology which we believe will be a very strong strategic fit as we execute against our existing initiatives for the near- and long-term."Recent High
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MASS
News
- 908 Devices to Participate in Upcoming Investor ConferencesBusiness Wire
- 908 Devices Inc. (NASDAQ: MASS) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $14.00 price target on the stock.MarketBeat
- 908 Devices (MASS) Loses -9.95% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner [Yahoo! Finance]Yahoo! Finance
- 908 Devices Reports First Quarter 2024 Financial Results and Updates 2024 Revenue Outlook [Yahoo! Finance]Yahoo! Finance
- 908 Devices Acquires RedWave Technology, Expanding its Forensics Product Offering [Yahoo! Finance]Yahoo! Finance
MASS
Earnings
- 4/30/24 - Beat
MASS
Sec Filings
- 5/13/24 - Form 4
- 5/10/24 - Form 4
- 5/9/24 - Form 4
- MASS's page on the SEC website