NASDAQ$MASS

908 Devices Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a 32% revenue decline driven by decrease in license and contract revenue, and a net loss due to a non-cash charge from preferred stock warrant revaluation.

908 Devices reported a revenue of $5.7 million for Q4 2020, a 32% decrease compared to Q4 2019. The company's net loss was $10.2 million, driven by a non-cash charge related to preferred stock warrants.

  • Revenue decreased by 32% compared to the same quarter last year, totaling $5.7 million.
  • Gross profit was $2.6 million with a gross margin of 45%.
  • Net loss was $10.2 million, impacted by a $6.1 million non-cash charge.
  • Full year revenue increased by 50% year over year.

Headline financials

Total Revenue

$5.72M

Previous: $8.35M-31.5%
EPS (adj)

-$0.60

Previous: -$0.07-751.8%
Free Cash Flow

$2.33M

No prior period
Net Income

-$10.2M

Previous: -$489K-1985.9%
Operating Income

-$6.5M

Previous: -$309K-2003.6%
Gross Profit

$2.6M

Previous: $4.33M-40.0%
Cash & Equivalents

$159M

No prior period
Total Assets

$179M

No prior period
Stock-Based Comp

$307K

No prior period

Revenue & EPS history

908 Devices · Revenue · Quarterly

$5.72M

Q4 2020-31.5%vs Q4 2019
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Forward guidance

908 Devices expects full year 2021 revenue to be in the range of $38 million to $40 million, representing 41% to 49% growth over full year 2020.

Tailwinds

  • Full year 2021 revenue expected to be in the range of $38 million to $40 million.
  • Revenue growth of 41% to 49% expected over full year 2020.
  • Continuing to drive adoption of technology across new and existing customers.
  • Dramatically accelerate workflows for customers.
  • Building a strong foundation for technology across new customers.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+1.3%

Avg return

Earnings day

-2.9%

Avg return

5 days after

+2.8%

Avg return

30 days after

46%

11 / 24 earnings

Positive

+96.0%

Q4 2024

Best reaction

-35.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+13.7%+11.8%+11.8%
Q4 2025-4.8%-5.3%+0.0%
Q3 2025-13.2%-25.7%-10.8%
Q1 2025-18.9%-20.1%+25.5%
Q4 2024+96.0%+39.4%+88.9%
Q3 2024-35.4%-34.0%-41.4%
Q2 2024-5.0%-6.0%-21.6%
Q1 2024-1.4%-1.8%+7.0%
Q4 2023-1.1%-5.1%-10.1%
Q3 2023-4.9%-11.2%+23.0%
Q2 2023+17.7%+15.0%+8.1%
Q1 2023+8.4%+4.8%+28.6%
Q4 2022+0.3%-10.6%-5.5%
Q3 2022-34.4%-38.2%-44.4%
Q2 2022-8.9%-9.9%-7.6%
Q1 2022-12.6%+6.6%-5.5%
Q4 2021+12.8%+17.2%+24.7%
Q3 2021+14.7%+2.7%-30.0%
Q3 2020+14.7%+2.7%-30.0%
Q2 2021+9.4%+5.4%+26.2%
Q2 2020+9.4%+5.4%+26.2%
Q1 2021-16.3%-14.6%-7.3%
Q1 2020-16.3%-14.6%-7.3%
Q4 2020+7.8%+15.8%+18.0%
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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