908 Devices (NASDAQ:MASS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$16.8m (up 17% from 3Q 2023).
• Net loss: US$29.3m (loss widened by 313% from 3Q 2023).
• US$0.84 loss per share (further deteriorated from US$0.22 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

908 Devices Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 8.5%. Earnings per share (EPS) also missed analyst estimates by 196%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 40% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for 908 Devices that you need to take into consideration.

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