Quarterly ResultMay 6, 2026, 07:52 AM
908 Devices Q1 Revenue Up 13.6% to $13.38M; Net Loss $(11.96)M
AI Summary
908 Devices Inc. reported a 13.6% increase in total revenue to $13.38 million for the first quarter of 2026, compared to $11.78 million in the prior year. Despite revenue growth, the company's net loss from continuing operations widened to $11.96 million, or $(0.32) per share, from a net loss of $9.84 million, or $(0.28) per share, in Q1 2025. The prior year's net income was significantly boosted by a $53.44 million gain from the divestment of its Desktop Portfolio.
Key Highlights
- Total revenue increased 13.6% to $13.38 million in Q1 2026 from $11.78 million in Q1 2025.
- Product revenue grew 25.9% to $10.74 million in Q1 2026, while service revenue decreased 18.6% to $2.64 million.
- Net loss from continuing operations widened to $11.96 million in Q1 2026 from $9.84 million in Q1 2025.
- Basic and diluted net loss per share from continuing operations was $(0.32) in Q1 2026, compared to $(0.28) in Q1 2025.
- Gross profit increased 24.2% to $6.88 million in Q1 2026 from $5.54 million in Q1 2025.
- Cash and cash equivalents decreased to $67.56 million at March 31, 2026, from $70.52 million at December 31, 2025.
- Contingent consideration liability increased by $6.38 million to $22.41 million at March 31, 2026.
- US federal and defense revenue surged 88.5% to $3.26 million, and US state/local revenue rose 44.5% to $6.78 million.
Price Impact
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