908 Devices posts Q3 revenue of $14 million with net loss of $15 million

Reuters11-10
908 Devices posts Q3 revenue of $14 million with net loss of $15 million

908 Devices Inc. reported third quarter 2025 revenue of $14.0 million, a decrease of 4% compared to the same period in the prior year, primarily due to lower handheld product and service revenue from fewer mass spec device placements. Net loss attributable to common stockholders was $15.0 million, compared to $29.3 million in the prior year period. Year-to-date revenue increased 16%. The company held $112.1 million in cash, cash equivalents, and marketable securities as of September 30, 2025, with no outstanding debt. 908 Devices reiterated its full-year 2025 revenue guidance of $54.0 million to $56.0 million, representing 13% to 17% growth over 2024. The installed base grew 27% year-over-year to 3,512 devices, with 176 devices placed in the third quarter. Recurring revenue accounted for 35% of total revenues in the quarter.

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