908 Devices Inc.

NasdaqGM:MASS Stock Report

Market Cap: US$328.6m

908 Devices Past Earnings Performance

Past criteria checks 0/6

908 Devices's earnings have been declining at an average annual rate of -18.9%, while the Electronic industry saw earnings growing at 3.6% annually. Revenues have been growing at an average rate of 11.2% per year.

Key information

-18.94%

Earnings growth rate

-5.71%

EPS growth rate

Electronic Industry Growth15.34%
Revenue growth rate11.20%
Return on equity-26.38%
Net Margin-61.24%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update Jun 18

MASS: Raised 2026 Revenue Outlook Will Support A Higher Stock Price

Analysts have lifted their price target on 908 Devices stock from $10.00 to $11.00, citing updated assumptions around fair value, revenue growth, discount rate and future P/E that they consider better aligned with the company's current outlook. What’s in the News for 908 Devices 908 Devices raised its full year 2026 revenue guidance, according to a key developments summary.
Narrative Update Jun 03

MASS: Raised 2026 Revenue Outlook Will Support Higher Future P/E Multiple

Analysts have modestly adjusted their price targets on 908 Devices, reflecting updated assumptions for a fair value of $10.00, a slightly higher discount rate, marginally stronger projected revenue growth, a softer profit margin outlook, and a higher future P/E of about 70x. What's in the News 908 Devices raised its full year 2026 revenue guidance to a range of $67.0 million to $70.0 million.
Seeking Alpha May 18

908 Devices Looking Better Now (Rating Upgrade)

Summary 908 Devices delivered strong Q1 results, raising full-year revenue guidance after a strategic acquisition in narcotics detection. Adjusted gross margins improved nearly three percentage points to 57%, and operating cash flow turned positive. MASS has a solid balance sheet with nearly $100 million in cash post-acquisition and is debt free, while trading at a reasonable valuation. Read the full article on Seeking Alpha
Narrative Update May 12

MASS: Raised 2026 Revenue Guidance Will Support Higher Earnings Multiple

Analysts have reset their price target on 908 Devices to $10.00 from $8.00, citing updated assumptions around revenue growth, profitability, and future P/E that feed into a higher fair value estimate and a modestly higher discount rate. What's in the News 908 Devices raised full year 2026 revenue guidance to a range of $67.0 million to $70.0 million, compared with 2025 revenue, with the range described as representing 19% to 25% growth (Corporate Guidance: Raised).
Analysis Article Jan 23

908 Devices Inc.'s (NASDAQ:MASS) 29% Price Boost Is Out Of Tune With Revenues

Those holding 908 Devices Inc. ( NASDAQ:MASS ) shares would be relieved that the share price has rebounded 29% in the...
Analysis Article Nov 12

Some 908 Devices Inc. (NASDAQ:MASS) Shareholders Look For Exit As Shares Take 26% Pounding

908 Devices Inc. ( NASDAQ:MASS ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article Sep 20

908 Devices Inc.'s (NASDAQ:MASS) Share Price Not Quite Adding Up

When close to half the companies in the Electronic industry in the United States have price-to-sales ratios (or "P/S...
Analysis Article Aug 07

908 Devices Inc. (NASDAQ:MASS) Analysts Are Pretty Bullish On The Stock After Recent Results

NasdaqGM:MASS 1 Year Share Price vs Fair Value Explore 908 Devices's Fair Values from the Community and select yours...
Narrative Update Aug 06

US Federal And International Funding Will Expand Global Analysis Markets

The notable increase in 908 Devices’ price target reflects improved outlook due to higher expected revenue growth and an expanded forward P/E, raising the consensus fair value from $6.50 to $9.00. What's in the News 908 Devices raised its 2025 revenue guidance to $54–56 million (13–17% growth), up from prior guidance of $53–55 million.
Analysis Article Jun 11

908 Devices Inc.'s (NASDAQ:MASS) Shares Climb 26% But Its Business Is Yet to Catch Up

Despite an already strong run, 908 Devices Inc. ( NASDAQ:MASS ) shares have been powering on, with a gain of 26% in the...
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New Narrative Apr 06

The New Handheld Mass Spectrometer Launch Will Expand Market Reach

Divesting the desktop bioprocessing portfolio boosts cash reserves, streamlines operations, and is expected to enhance margins and cash flow in future years.
Seeking Alpha Mar 06

908 Devices Makes Key Divestiture (Rating Upgrade)

Summary 908 Devices' stock surged after announcing a $70 million desktop portfolio sale, doubling its cash position and improving financial stability. The company will now focus on its handheld device business, expecting 11% to 15% revenue growth in 2025 with acceleration in 2026. MASS management believes losses will be significantly reduced with the new structure, with positive cash flow next year. Read the full article on Seeking Alpha
Analysis Article Mar 05

908 Devices Inc.'s (NASDAQ:MASS) 55% Jump Shows Its Popularity With Investors

The 908 Devices Inc. ( NASDAQ:MASS ) share price has done very well over the last month, posting an excellent gain of...
Analysis Article Nov 15

Earnings Update: 908 Devices Inc. (NASDAQ:MASS) Just Reported And Analysts Are Trimming Their Forecasts

The analysts might have been a bit too bullish on 908 Devices Inc. ( NASDAQ:MASS ), given that the company fell short...
Seeking Alpha Sep 08

908 Devices: Key Investor Now Selling

Summary ARK Invest's recent sales of 908 Devices shares have helped to send the stock to multi-year lows. 908 Devices is seeing decent revenue growth, but large losses and limited financial flexibility raise concerns about future capital needs. The stock's low valuation compared to peers is a positive, but ongoing sales by ARK Invest could exert further downward pressure. Read the full article on Seeking Alpha
Analysis Article Aug 16

Why We're Not Concerned Yet About 908 Devices Inc.'s (NASDAQ:MASS) 29% Share Price Plunge

To the annoyance of some shareholders, 908 Devices Inc. ( NASDAQ:MASS ) shares are down a considerable 29% in the last...
Analysis Article Mar 30

We Think 908 Devices (NASDAQ:MASS) Can Afford To Drive Business Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
Analysis Article Dec 18

Investors Appear Satisfied With 908 Devices Inc.'s (NASDAQ:MASS) Prospects

When you see that almost half of the companies in the Electronic industry in the United States have price-to-sales...

Revenue & Expenses Breakdown

How 908 Devices makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NasdaqGM:MASS Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2658-353815
31 Dec 2556-333915
30 Sep 2565-735426
30 Jun 2566-815427
31 Mar 2552-574116
31 Dec 2448-533915
30 Sep 2448-454117
30 Jun 2448-284218
31 Mar 2448-304220
31 Dec 2350-364622
30 Sep 2348-394621
30 Jun 2349-384620
31 Mar 2348-374619
31 Dec 2247-344418
30 Sep 2251-274317
30 Jun 2248-264015
31 Mar 2245-253614
31 Dec 2142-223213
30 Sep 2132-292612
30 Jun 2126-262010
31 Mar 2128-18169
31 Dec 2027-13138
30 Sep 2030-3118
30 Jun 2027-6118
31 Mar 2019-11119
31 Dec 1918-13119
31 Dec 1822-8910

Quality Earnings: MASS is currently unprofitable.

Growing Profit Margin: MASS is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: MASS is unprofitable, and losses have increased over the past 5 years at a rate of 18.9% per year.

Accelerating Growth: Unable to compare MASS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MASS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (10.1%).


Return on Equity

High ROE: MASS has a negative Return on Equity (-26.38%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 23:15
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

908 Devices Inc. is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Puneet SoudaLeerink Partners LLC
Daniel AriasStifel, Equities Research
Brendan SmithTD Cowen