908 Devices | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 14.01 M

Revenue: As of FY2025 Q3, the actual value is USD 14.01 M, beating the estimate of USD 13.52 M.

EPS: As of FY2025 Q3, the actual value is USD -0.41, missing the estimate of USD -0.16.

Segment Revenue

• Total Revenue: $14.0 million for the third quarter of 2025, a decrease of 4% year over year.
• Product Revenue: $10.8 million for the third quarter of 2025, compared to $11.2 million in the prior year period.
• Service and Contract Revenue: $3.2 million for the third quarter of 2025, compared to $3.3 million in the prior year period.
• Recurring Revenue: $4.8 million, increasing 10% year over year, representing 35% of total revenues in the quarter.

Operational Metrics

• Gross Profit: $7.4 million for the third quarter of 2025, compared to $7.8 million for the corresponding period in the prior year.
• GAAP Gross Margin: 53% compared to 54% for the corresponding prior year period.
• Adjusted Gross Profit: $8.1 million for the third quarter of 2025, compared to $8.5 million for the corresponding period in the prior year.
• Adjusted Gross Margin: 58%, a decrease of approximately 60 basis points compared to the corresponding prior year period.
• Operating Expenses: $23.7 million for the third quarter of 2025, compared to $32.3 million for the corresponding prior year period.
• Net Loss from Continuing Operations: - $14.9 million for the third quarter of 2025, compared to - $23.6 million for the corresponding prior year period.
• Adjusted EBITDA: Loss of $1.8 million for the third quarter of 2025, compared to $2.7 million for the corresponding period in the prior year.

Cash Flow

• Cash, Cash Equivalents, and Marketable Securities: $112.1 million as of September 30, 2025, with no debt outstanding.

Unique Metrics

• Installed Base Growth: Grew 27% year-over-year to 3,512 devices, with 176 devices placed during the third quarter.

Outlook / Guidance

• 908 Devices continues to expect full year 2025 revenues from continuing operations to be in the range of $54.0 million to $56.0 million, representing 13% to 17% growth compared to 2024 revenue from continuing operations.