MASS Earnings Prediction
The chart below shows how MASS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MASS sees a -1.13% change in stock price 10 days leading up to the earnings, and a -0.21% change 10 days following the report. On the earnings day itself, the stock moves by +10.25%. This data can give you a slight idea of what to expect for the next quarter's release.
MASS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
16.77M
17.32%
19.41%
Gross Margin
49.68%
-9.74%
-5.93%
Operating Margin
-70.56%
11.00%
-26.90%
Net Margin
-174.66%
252.07%
95.52%
EPS
-0.84
-281.82%
127.03%
No Data Available
MASS Earnings Analysis
908 Devices Inc. Common Stock Corporation (MASS.O) Earnings Conference Call
Positive
Q3 Revenue Increase: 1. Revenue Growth: 908 Devices reported revenue of $16.8 million for Q3 2024, marking a 17% increase compared to $14.3 million in Q3 2023, primarily driven by handheld device sales.
Handheld Device Installations: 2. Handheld Device Placements: The company placed 178 handheld devices in Q3 2024, up from 117 devices in the same quarter last year, contributing to a cumulative installed base of 3,253 devices, a 20% increase year-over-year.
Recurring Revenue Surge: 3. Recurring Revenue Increase: Recurring revenue, which includes consumables, accessories, and service revenue, reached $6.1 million in Q3 2024, a 70% increase from the prior year, representing 36% of total revenues.
Cost Savings Projections: 4. Cost Savings Initiatives: The company anticipates over $7.5 million in annual savings from structural adjustments, including $4.2 million starting in 2025, aimed at enhancing operational efficiency and gross margins.
Future Growth Potential: 5. Strong Pipeline for Future Growth: 908 Devices has identified 100 units of enterprise potential for its FTIR handhelds and expects significant contributions from new products, including the next-generation MX908, which is set to disrupt the market within the next two years.
Negative
Revenue Guidance Reduction: 1. Lowered Revenue Guidance: 908 Devices has reduced its 2024 revenue guidance to a range of $56 million to $58 million, down from a previous expectation of $63 million to $65 million, reflecting a decline in core business revenue by 8% to 4% year-over-year.
Operating Expenses Surge: 2. Increased Operating Expenses: Total operating expenses surged to $38.5 million in Q3 2024, compared to $17 million in the prior year, primarily due to a $30.5 million non-cash goodwill impairment charge related to the RedWave acquisition.
Net Loss Increase: 3. Significant Net Loss: The company reported a net loss of $29.3 million for Q3 2024, a substantial increase from a loss of $7.1 million in the same quarter last year, indicating deteriorating financial performance.
Desktop Revenue Decline: 4. Decline in Desktop Revenue: Revenue from desktop products serving the life science and bioprocessing markets was only $2.8 million in Q3 2024, reflecting a low teen percentage decline year-over-year, contrary to earlier growth expectations.
Workforce Reduction Impact: 5. Workforce Reduction: 908 Devices implemented an 11% workforce reduction, impacting sales, marketing, and R&D, which raises concerns about the company's capacity to capitalize on future market recoveries.
MASS FAQs
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MASS Earning Call Sentiment
908 Devices Inc. (MASS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
MASS.O
9.42%Positive
The earnings call reveals several negative factors: revenue shortfall, market softness, and lowered guidance. Workforce reduction and integration challenges further add to concerns. Although there is some positive growth in handheld revenue and recurring revenue, the overall sentiment is negative due to the significant challenges and uncertainties highlighted. The lack of a shareholder return plan and unclear management responses in the Q&A section reinforce this negative outlook.
