908 Devices Reports Q3 Revenue Growth and Earnings Beat
908 Devices (MASS) reported third-quarter financial results that exceeded analyst expectations for both earnings and revenue. The company posted a GAAP EPS of -$0.11, beating estimates by $0.07, while revenue reached $19 million, representing a 35.7% increase year-over-year and surpassing projections by $0.69 million. The company maintains a robust liquidity position, ending the quarter with $99.1 million in cash. Operational highlights included the shipment of approximately 100 NIRLab units, contributing to the strong quarterly performance.
Tickers: $MASS
Topics: cash position earnings beat revenue growth