908 Devices rises after $2 million order from Texas Department of Public Safety

908 Devices

22/04/2025 13:30

** Shares of chemical detector maker 908 Devices MASS.O up 4.2% at $5 premarket

** MASS says it has received a $2 million order from the Texas Department of Public Safety for its MX908 device for drug detection and mitigation

** Multiple handheld MX908 devices will be deployed to detect, identify and mitigate illicit drugs like fentanyl, protecting communities amid the opioid crisis

** MX908 device detects and identifies hazardous substances, including chemicals, explosives and aerosolized threats, at trace levels

** Company says the order will be shipped in April

** With this order, MASS can achieve 25% of the midpoint of their guidance, positioning them well for the typically strong H2 2025 - Brokerage Leerink Partners

** Brokerage adds "This order gives us added confidence in MASS' ability to progress towards their guide after co has had to lower guidance in prior years"

** As of last close, MASS had risen 118.2% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))