908 Devices Inc (MASS) Earnings Report, Financial Results, Financial analysis

908 Devices inc increased first quarter of 2023 net loss per share of $-0.39 compare to net loss per share of $-0.30 recorded in the same quarter a year ago a decrease compare to $-0.27 realized in previous quarter.

*first quarter of 2023*
Earnings Per Share	Revenues
$ -0.39	$ 9 Mill
$-0.09	$+1M +14.22 %

908 Devices Inc 's Revenue rose by 14.22 % in first quarter of 2023 (Mar 31 2023) year on year, to $9 million and declined by -18.52 % sequentially.

908 Devices Inc is Expected to report next financial results on August 08, 2023.

More on MASS's Income Statement

MASS's NET INCOME

908 Devices Inc 's in thefirst quarter of 2023 recorded net loss of $-12.532 million, an increase from net loss of $-9.415 million in I. Quarter a year ago.

Sequentially net loss advanced

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908 Devices Inc Inventories
Inventories grew by 38.81 % to $13 million from I. Quarter a year ago, sequentially inventories rose by 6.85 %. In Mar 31 2023 company's net cash and cash equivalents decreased by $-27 million, capital expenditures fell by 92.06%, to $-1 millions compare to same quarter a year ago and fell by 93.63% from IV. Quarter (Dec 31 2022).

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Earnings quality

908 Devices inc does not pay out common stock dividend.

In trailing twelve-month period 908 Devices inc payed $ -0.97 cash per share, on a free-cash flow basis .

Book value fell by -7.01 % sequentially to $5.65 per share, -37.89% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 5.07 per share from $ 5.49.

Company issued 0.60 million shares or 1.91 % in Mar 31 2023.

• More on MASS's Dividends

Market Capitalization (Millions)	300
Shares Outstanding (Millions)	32
Total Debt (Millions $)	-
Revenue (TTM) (Millions $)	48
Net Income (TTM) (Millions $)	-37
Cash Flow (TTM) (Millions $)	-62
Capital Exp. (TTM) (Millions $)	-3
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	177

Earnings quality

908 Devices inc does not pay out common stock dividend.

In trailing twelve-month period 908 Devices inc had negative $ -0.97 cash flow per share, on a free-cash flow basis .

Book value fell by -7.01 % sequentially to $5.65 per share, -37.89% of net loss per share in trailing twelve-month period were subtructed from shareholder value.
Tangible Book value fell to $ 5.07 per share from $ 5.49.

Company issued 0.60 million shares or 1.91 % in Mar 31 2023.

• More on MASS's Balance Sheets

Market Capitalization (Millions)	300
Shares Outstanding (Millions)	32
Total Debt (Millions $)	-
Revenue (TTM) (Millions $)	48
Net Income (TTM) (Millions $)	-37
Cash Flow (TTM) (Millions $)	-62
Capital Exp. (TTM) (Millions $)	-3
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	177

908 Devices inc

MASS's Financial Statements and Analysis