908 Devices Reports Narrower Quarterly Loss As Handheld Devices Boost Q4 Sales

908 Devices Inc's MASS Q4 FY21 revenue increased 177% Y/Y to $15.8 million, beating the consensus of $15.11 million.
The increase was primarily driven by handheld revenue that increased 262%, mainly related to shipments to the US Army under the multi-year purchase order.
Desktop revenue grew 53% Y/Y because of increased device sales and recurring revenue.
The install base grew to 1,935 placements, with 221 devices placed in Q4 2021, driven primarily by the continued adoption of handheld devices.
Gross profit margin improved to 58% from 49% a year ago, driven by the increase in device sales and the volume leverage across the fixed infrastructure.
The Company posted an operating loss of $(3.53) million, compared to $(3.89) million a year ago.
908 Devices' Q4 EPS loss improved from $(1.48) to $(0.12), beating the consensus of $(0.18).
Guidance: 908 Devices expects FY22 sales of $52 million - $55 million, representing a Y/Y growth of 23% - 30%, compared to the consensus of $53.48 million.
Price Action: MASS shares closed 5.53% higher at $16.40 during after-hours trading on Monday.

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