908 Devices rises on higher quarterly revenue

908 Devices

06/08/2024 17:43

** Shares of 908 Devices  MASS.O  rise 2.2% to $4.73 
    ** Co reports Q2 revenue of $14.05 mln, up 16% from $12.09
mln a year ago 
    ** MASS makes handheld and desktop devices for chemical
analysis
    ** Q2 handheld devices revenue was $11.1 mln, increasing 26%
YoY
    ** Co continues to expect full-year revenue to be in the
range of $63.0 mln to $65.0 mln
    ** "Net-net, this was a solid quarter from 908 once again
led by handheld" - Brokerage Stephens 
    ** Including session'S moves, stock down 57.6% YTD 

 (Reporting by Sneha S K in Bengaluru)
 ((Sneha.SK@thomsonreuters.com))