MASS - 908 Devices beats Q2 estimates
2023-08-08 07:17:56 ET
- 908 Devices press release ( NASDAQ: MASS ): Q2 GAAP EPS of -$0.29 beats by $0.06 .
- Revenue of $12.1M (+9.0% Y/Y) beats by $1.56M .
- Handheld revenue was $8.8 million, increasing 27% year over year
- Desktop revenue was $3.1 million, decreasing 15% year over year
- Recurring revenue was $4.0 million, increasing 39% year over year
- Achieved recurring revenue of at least one third of total revenue for the third consecutive quarter
- Ended the second quarter 2023 with $153 million in cash, cash equivalents and marketable securities with no debt outstanding
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908 Devices beats Q2 estimates