Tue, May 13, 12:48 PM (36 days ago)
**908 Devices Inc. (MASS: NASDAQ) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $11.8M (Q1 2025) vs. $7.4M (Q1 2024), a 57% increase. - **Gross Profit:** $5.5M (Q1 2025) vs. $3.9M (Q1 2024), a 42% increase. - **Net Loss:** $9.8M (Q1 2025) vs. $5.9M (Q1 2024), a 66% increase in net loss. - **Cash & Equivalents:** $79.2M (Q1 2025) vs. $43.4M (Q1 2024), a 82% increase. **Profit Margins:** - **Gross Margin:** 47% (Q1 2025) vs. 53% (Q1 2024). - **Operating Margin:** -94% (Q1 2025) vs. -81% (Q1 2024). **Cash Flow:** - **Operating Cash Flow:** -$15.0M (Q1 2025) vs. -$9.4M (Q1 2024). - **Investing Cash Flow:** $50.3M (Q1 2025) vs. -$5.8M (Q1 2024). - **Financing Cash Flow:** -$0.2M (Q1 2025) vs. -$1.3M (Q1 2024). **Earnings Changes:** - **EPS (Basic & Diluted):** -$0.28 (Q1 2025) vs. -$0.18 (Q1 2024). **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by a 78% increase in product revenue and a 48% increase in service and contract revenue. - **Cost of Revenue:** Increased by 76%, primarily due to higher production costs and intangible amortization. - **Operating Expenses:** Increased by 45%, mainly due to higher research and development, and selling, general, and administrative expenses. - **Other Income:** Decreased by 33%, primarily due to lower interest income. **Trends & Uncertainties:** - **Positive Trends:** Strong revenue growth, increased product placements, and a significant gain from the sale of the Desktop Portfolio. - **Uncertainties:** Continued operating losses, dependence on key customers, and potential impacts from global economic conditions. **Future Operations Impact:** - **Strategic Shift:** The sale of the Desktop Portfolio represents a strategic shift, with the gain included in discontinued operations. - **Liquidity:** The company expects its existing cash and cash equivalents to fund operations for at least the next 12 months. However, future funding requirements depend on various factors, including market uptake of products and global economic conditions.