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MASS

908 Devices Inc

$18.19

Earnings Summary

Revenue
$8.31Mn
Net Profits
$-9.41Mn
Net Profit Margins
-113.35%

Highlights

Revenue:

908 Devices Inc’s revenue jumped 49.85% since last year same period to $8.31Mn in the Q1 2022. On a quarterly growth basis, 908 Devices Inc has generated 37.74% jump in its revenue since last 3-months.

Net Profits:

908 Devices Inc’s net profit fell -54.47% since last year same period to $-9.41Mn in the Q1 2022. On a quarterly growth basis, 908 Devices Inc has generated 13.54% jump in its net profits since last 3-months.

Net Profit Margins:

908 Devices Inc’s net profit margin fell -3.09% since last year same period to -113.35% in the Q1 2022. On a quarterly growth basis, 908 Devices Inc has generated 37.23% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the 908 Devices Inc post its latest quarter earnings

EPS Estimate Current Quarter
-0.27
EPS Estimate Current Year
-0.27

Highlights

EPS Estimate Current Quarter:

908 Devices Inc’s earning per share (EPS) estimates for the current quarter stand at -0.27 - a 12.9% jump from last quarter’s estimates.

EPS Estimate Current Year:

908 Devices Inc’s earning per share (EPS) estimates for the current year stand at -0.27.

Key Ratios

Key ratios of the 908 Devices Inc post its Q1 2022 earnings

Earning Per Share (EPS)
-0.3
Return on Assets (ROA)
-0.08
Return on Equity (ROE)
-0.16
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

908 Devices Inc’s earning per share (EPS) fell -36.36% since last year same period to -0.3 in the Q1 2022. This indicates that the 908 Devices Inc has generated -36.36% annual rate of fall in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. 908 Devices Inc’s return on assets (ROA) stands at -0.08.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. 908 Devices Inc’s return on equity (ROE) stands at -0.16.

Dividend Per Share (DPS):

908 Devices Inc declared 0 dividend per share during the earnings announcement for Q1 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-10
-0.31
-0.3
3.23%

Company Information

908 Devices, a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biomolecular analysis, today announced the U.S. Border Patrol selected the MX908® – a handheld, battery-powered, mass spectrometry device – to standardize its trace drug detection at 20 field locations across the U.S. borders, from North to South and in the Caribbean. The U.S. Border Patrol purchased more than 60 MX908 units, which are designed for rapid analysis of vapor, liquid and solid materials of unknown identity, to prevent drug smuggling and to work with local and state law enforcement in support of its counter drug mission.

Organisation
908 Devices Inc
Employees
101