908 Devices Inc. (MASS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
645 SUMMER STREET BOSTON, MA 02210 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 147,897 | 152,687 | 161,214 | 188,422 | 193,698 | 212,994 | |||
| Cash and cash equivalents | 118,213 | 132,996 | 161,214 | 188,422 | 193,698 | 212,994 | |||
| Short-term investments | 29,684 | 19,691 | |||||||
| Restricted cash and investments | 60 | 60 | 60 | 60 | |||||
| Receivables | 12,885 | 10,308 | 8,173 | 10,033 | 15,231 | 11,098 | |||
| Inventory, net of allowances, customer advances and progress billings | 15,926 | 14,135 | 13,370 | 12,513 | 11,731 | 11,178 | |||
| Inventory | 15,926 | 14,135 | 13,370 | 12,513 | 11,731 | 11,178 | |||
| Other undisclosed current assets | 3,119 | 3,947 | 5,128 | 4,598 | 3,162 | 3,348 | |||
| Total current assets: | 179,827 | 181,077 | 187,945 | 215,626 | 223,882 | 238,678 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,677 | 7,136 | 7,579 | 3,956 | 4,271 | 4,583 | |||
| Property, plant and equipment | 2,854 | 2,940 | 3,045 | 3,083 | 2,761 | 2,419 | |||
| Intangible assets, net (including goodwill) | 17,670 | 18,347 | 18,633 | 18,538 | 17,169 | ||||
| Goodwill | 9,928 | 10,185 | 10,221 | 10,050 | 9,200 | ||||
| Intangible assets, net (excluding goodwill) | 7,742 | 8,162 | 8,412 | 8,488 | 7,969 | ||||
| Other noncurrent assets | 1,447 | 1,330 | 1,205 | 1,384 | 1,198 | 1,315 | |||
| Total noncurrent assets: | 28,648 | 29,753 | 30,462 | 26,961 | 25,399 | 8,317 | |||
| TOTAL ASSETS: | 208,475 | 210,830 | 218,407 | 242,587 | 249,281 | 246,995 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 9,848 | 7,520 | 8,963 | 10,244 | 10,227 | 7,191 | |||
| Accounts payable | 2,581 | 1,486 | 1,735 | 1,397 | 1,663 | 1,234 | |||
| Accrued liabilities | 7,267 | 6,034 | 7,228 | 8,847 | 8,564 | 5,957 | |||
| Deferred revenue | 10,521 | 10,814 | 7,998 | 7,514 | 7,419 | 6,841 | |||
| Business combination, contingent consideration, liability | 1,095 | ||||||||
| Other undisclosed current liabilities | 1,953 | 1,860 | 1,695 | 1,468 | 337 | 1,402 | |||
| Total current liabilities: | 22,322 | 20,194 | 18,656 | 19,226 | 19,078 | 15,434 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 15,000 | 18,429 | 18,797 | ||||||
| Long-term debt, excluding current maturities | 15,000 | 15,000 | 15,000 | ||||||
| Liabilities, other than long-term debt | 16,224 | 16,177 | 19,139 | 17,762 | 15,274 | 11,649 | |||
| Deferred revenue | 9,371 | 8,474 | 10,889 | 11,496 | 12,162 | 11,649 | |||
| Deferred income tax liabilities | 2,406 | 2,585 | 2,666 | 2,671 | 2,570 | ||||
| Other liabilities | 156 | 125 | 555 | 542 | |||||
| Operating lease, liability | 4,447 | 4,962 | 5,459 | 3,040 | 3,429 | 3,797 | |||
| Total noncurrent liabilities: | 16,224 | 16,177 | 19,139 | 32,762 | 33,703 | 30,446 | |||
| Total liabilities: | 38,546 | 36,371 | 37,795 | 51,988 | 52,781 | 45,880 | |||
| Equity | |||||||||
| Equity, attributable to parent | 169,929 | 174,459 | 180,612 | 190,599 | 196,500 | 201,115 | |||
| Common stock | 32 | 32 | 32 | 32 | 32 | 32 | |||
| Additional paid in capital | 332,080 | 329,361 | 326,223 | 323,969 | 321,491 | 319,234 | |||
| Accumulated other comprehensive income (loss) | 988 | 1,144 | 1,089 | 798 | (613) | ||||
| Accumulated deficit | (163,171) | (156,078) | (146,732) | (134,200) | (124,410) | (118,151) | |||
| Total equity: | 169,929 | 174,459 | 180,612 | 190,599 | 196,500 | 201,115 | |||
| TOTAL LIABILITIES AND EQUITY: | 208,475 | 210,830 | 218,407 | 242,587 | 249,281 | 246,995 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,297 | 12,094 | 9,487 | 11,643 | 15,797 | 11,106 | ||
| Cost of revenue | (6,428) | (6,300) | (5,103) | (5,721) | (6,459) | (4,472) | ||
| Gross profit: | 7,869 | 5,794 | 4,384 | 5,922 | 9,338 | 6,634 | ||
| Operating expenses | (16,958) | (16,733) | (17,401) | (16,260) | (16,492) | (15,003) | ||
| Operating loss: | (9,089) | (10,939) | (13,017) | (10,338) | (7,154) | (8,369) | ||
| Nonoperating income | 1,909 | 1,522 | 485 | 547 | 895 | 270 | ||
| Investment income, nonoperating | 1,449 | 1,689 | 1,017 | |||||
| Other nonoperating income (expense) | 110 | (167) | 19 | 928 | 285 | |||
| Interest and debt expense | 350 | (523) | (37) | (33) | (15) | |||
| Loss from continuing operations before equity method investments, income taxes: | (6,830) | (9,417) | (13,055) | (9,828) | (6,292) | (8,114) | ||
| Other undisclosed loss from continuing operations before income taxes | (350) | |||||||
| Loss from continuing operations before income taxes: | (7,180) | (9,417) | (13,055) | (9,828) | (6,292) | (8,114) | ||
| Income tax benefit | 87 | 71 | 50 | |||||
| Other undisclosed income from continuing operations | 129 | |||||||
| Loss from continuing operations: | (7,093) | (9,346) | (13,005) | (9,699) | (6,292) | (8,114) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (6,292) | (8,114) | |
| Other undisclosed net income (loss) | 473 | (92) | ||||||
| Net loss: | (7,093) | (9,346) | (12,532) | (9,791) | (6,292) | (8,114) | ||
| Other undisclosed net income attributable to parent | 33 | 15 | ||||||
| Net loss available to common stockholders, diluted: | (7,093) | (9,346) | (12,532) | (9,791) | (6,259) | (8,099) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,093) | (9,346) | (12,532) | (9,791) | (6,292) | (8,114) | ||
| Comprehensive loss: | (7,093) | (9,346) | (12,532) | (9,791) | (6,292) | (8,114) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (156) | 55 | 291 | 1,411 | (580) | |||
| Comprehensive loss, net of tax, attributable to parent: | (7,249) | (9,291) | (12,241) | (8,380) | (6,872) | (8,114) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.