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)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments188,422224,073
Cash and cash equivalents188,422224,073
Short-term investments  
Restricted cash and investments 6060
Receivables10,03316,375
Inventory, net of allowances, customer advances and progress billings12,5137,918
Inventory12,5137,918
Other undisclosed current assets4,5984,467
Total current assets:215,626252,893
Noncurrent Assets
Operating lease, right-of-use asset3,9565,182
Property, plant and equipment3,0831,603
Intangible assets, net (including goodwill)18,538 
Goodwill10,050 
Intangible assets, net (excluding goodwill)8,488 
Other noncurrent assets1,3841,228
Total noncurrent assets:26,9618,013
TOTAL ASSETS:242,587260,906
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities10,2448,332
Accounts payable1,3971,371
Accrued liabilities8,8476,961
Deferred revenue7,5145,160
Other undisclosed current liabilities1,4681,344
Total current liabilities:19,22614,836
Noncurrent Liabilities
Long-term debt and lease obligation 15,00019,508
Long-term debt, excluding current maturities 15,00015,000
Liabilities, other than long-term debt17,76211,958
Deferred revenue11,49611,958
Deferred income tax liabilities2,671 
Other liabilities 555 
Operating lease, liability3,0404,508
Total noncurrent liabilities:32,76231,466
Total liabilities:51,98846,302
Equity
Equity, attributable to parent190,599214,604
Common stock3231
Additional paid in capital323,969315,210
Accumulated other comprehensive income798 
Accumulated deficit(134,200)(100,637)
Total equity:190,599214,604
TOTAL LIABILITIES AND EQUITY:242,587260,906

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues46,85242,206
Cost of revenue(20,829)(18,973)
Gross profit:26,02323,233
Operating expenses(61,405)(45,302)
Operating loss:(35,382)(22,069)
Nonoperating income (expense)1,819(100)
Investment income, nonoperating2,031 
Other nonoperating income (expense)(83)386
Interest and debt expense(47)(664)
Loss from continuing operations before equity method investments, income taxes:(33,610)(22,833)
Other undisclosed loss from continuing operations before income taxes  
Loss from continuing operations before income taxes:(33,610)(22,833)
Income tax benefit129 
Other undisclosed income from continuing operations  
Loss from continuing operations:(33,481)(22,833)
Loss before gain (loss) on sale of properties:(22,833)
Other undisclosed net income (loss)(82)664
Net loss available to common stockholders, diluted:(33,563)(22,169)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(33,563)(22,169)
Comprehensive loss:(33,563)(22,169)
Other undisclosed comprehensive income, net of tax, attributable to parent798 
Comprehensive loss, net of tax, attributable to parent:(32,765)(22,169)

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.

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